By  on July 17, 2017

LONDON — Europe’s major markets were mostly down in mid-morning trading Monday, with the exception of the FTSE 100 in London, which was up 0.2 percent to 7,391.19.The DAX in Frankfurt declined 0.3 percent to 12,599.64, followed by the CAC 40 in Paris and the FTSE MIB in Milan, which both fell 0.1 percent to 5,232.81 and to 21,478.02, respectively.The euro traded at $1.15, while the pound fetched $1.31 and the Swedish krona was equivalent to $1.04 at 11:15 a.m. CET.Retail and luxury stocks were uneven, with the morning’s biggest gainers including SuperGroup and Zalando, which were both up 1 percent to 14.83 pounds and to 41.96 euros, respectively, and Hennes & Mauritz, 1.2 percent to 213.70 Swedish kronor after the company announced that June sales had gained 7 percent year-on-year at constant rates, in line with consensus.Jimmy Choo climbed 1.2 percent to 1.89 pounds following speculation by Sky News on Friday that the company may draw bids of up to 800 million pounds from suitors including Michael Kors, Hony Capital, the Chinese private equity firm, and CVC Capital Partners.None of the companies involved commented on the speculation.Among the stocks that fell the most in mid-morning were Italia Independent Group, 1.4 percent to 4.93 euros; Tod’s, 0.5 percent to 55.80 euros, and Adidas, 0.4 percent to 179.95.Click Here for the WWD Global Stock Tracker >>

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