LONDON — Europe’s major stock markets lost ground in midmorning trading on Friday, with the FTSE MIB in Milan the only exception.

The Italian market was up 0.3 percent to 19,022.34, while the CAC 40 in Paris fell 1.4 percent to 4,492.24, followed by the DAX in Frankfurt, 1.1 percent to 10,213.06. The FTSE 100 in London was down 0.6 percent to 6,282.24.

The euro traded at $1.13, while the pound fetched $1.46 and the Swiss franc equaled $1.03 at 11:45 a.m. CET.

Retail and luxury stocks were down with the markets, with the morning’s biggest fallers including Hugo Boss, 2.3 percent to 55.89 euros;, 2.7 percent to 0.49 pounds; L’Oréal, 3.2 percent to 160.60 euros, and Hermès, 1.5 percent to 311.80.

Earlier this week, Hermès outstripped its French rivals in the first quarter, registering a 6.1 percent revenue gain to 1.19 billion euros, or $1.31 billion at average exchange rates for the period. At constant exchange rates, the improvement stood at 6.2 percent.

Among the few stocks that gained ground were Italia Independent Group, 1.6 percent to 18.38 euros;, 1.1 percent to 0.29 pounds, and, 4.9 percent to 0.59 pounds.