LONDON – Europe’s major markets were in decline in mid-morning trading on Friday, with the FTSE 100 in London leading the way.
The British market was down 0.6 percent to 7,326.51, followed by the CAC 40 in Paris, 0.3 percent to 5,074.63. The DAX in Frankfurt and FTSE MIB in Milan were both down 0.1 percent to 12,241.92 and to 20,353.13, respectively.
The euro traded at $1.07, while the pound fetched $1.25 and the Swiss franc equaled $1.00 at 10:30 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Hugo Boss, 1.7 percent to 68.50 euros; Aeffe, 2.1 percent to 1.44 euros, and Koovs.com, 2.8 percent to 0.55 pounds.
Among the stocks to lose the most ground were Safilo Group, 1.1 percent to 6.50 euros; French Connection Group, 2 percent to 0.35 pounds; Asos.com, 1.9 percent to 60.00 pounds, and Britain’s Bonmarché Holdings, 3.9 percent to 0.75 pounds.