LONDON — European stock markets were down in midmorning trading on Thursday, with the FTSE MIB in Milan leading the way.
The Italian market slid 1.6 percent to 18,089.25, followed by the CAC 40 in Paris, 1.1 percent to 4,396.07, and the FTSE 100 in London, 0.6 percent to 6,165.33. The DAX in Frankfurt was also down 0.6 percent to 9,988.11.
The euro traded at $1.13, while the pound fetched $1.44, and the Swiss franc equaled $1.04 at 11:30 a.m. CET.
Retail and luxury stocks were down with the markets, with the morning’s biggest fallers including Italia Independent Group, 2.5 percent to 19.50 euros; Next, 2.2 percent to 54.40 pounds; Luxottica Group, 2.3 percent to 48.94 pounds; and MySale Group, 3.1 percent to 0.43 pounds.