LONDON — European stock markets were down in midmorning trading on Wednesday, with the exception of the FTSE MIB in Milan, which was up 0.4 percent to 16,531.94.

The FTSE 100 in London and the CAC 40 in Paris were both down 0.4 percent, to 7,039.76 and to 4,454.40 respectively, while the DAX in Frankfurt was flat at 10,571.10.

The euro traded at $1.11, while the pound fetched $1.23 and the Swiss franc equaled $1.01 at 10:30 a.m. CET.

Retail and luxury stocks were uneven, with the morning’s biggest gainers including Pandora, 3.1 percent to 820 Danish krone, or $122.32;, 0.7 percent to 1.15 pounds, and Gemfields, 1.4 percent to 0.50 pounds.

Among the stocks to lose the most ground were MySale Group, 5.1 percent to 0.81 pounds; Britain’s Bonmarche Holdings, 4.4 percent to 0.88 pounds, and Mulberry Group, 2.2 percent to 10.76 pounds.

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