LONDON — Europe’s stock markets were all on a downward trajectory in trading Thursday morning.

The CAC 40 in Paris lost 2.1 percent to 4,928.21, while the DAX in Frankfurt dipped 1.8 percent to 11,218.60. The FTSE 100 in London fell 1.5 percent to 6,847.75 and the FTSE MIB in Milan slipped 1.4 percent to 23,285.49.

The markets fell after a sell-off of Eurozone government bonds Wednesday, prompted by European Central Bank president Mario Draghi’s comments that day that he would not alter the region’s quantitative easing program.

Fashion, luxury and retail stocks were largely down, too.

Those that fell included Hermès, 3.8 percent to 348.60 euros; MySale Group, 3.3 percent to 0.55 pounds; Inditex, 2 percent to 29.96 euros; and LVMH Moët Hennessy Louis Vuitton, 2.4 percent to 161.60 euros.

The few risers numbered Italia Independent, 1.3 percent to 34.70 euros; French Connection, 0.6 percent to 0.45 pounds; and Hugo Boss, 1.5 percent to 104.89 euros.

At 11:30 a.m. CET, the euro traded for $1.12, while the pound went for $1.53.

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