LONDON — Europe’s stock markets were down in midmorning trading on Friday, with the FTSE MIB in Milan leading the way.

The Italian market slipped 2.1 percent to 16,328.27; followed by the CAC 40 in Paris, 1 percent to 4,394.83, and the DAX in Frankfurt, 0.8 percent to 10,519.68. The FTSE 100 was down 0.2 percent to 6,858.55.

The euro traded at $1.13, while the pound fetched $1.31 and the Swiss franc equaled $1.04 at 11:10 a.m. CET.

Retail and luxury stocks lost ground, with the morning’s biggest fallers including Yoox Net-a-porter Group, 2.6 percent to 26.72 euros; Asos.com, 1.8 percent to 45.95 pounds; Metro AG, 2.6 percent to 26.32 euros, and Moncler, 1.8 percent to 15.22 euros.

Among the very few stocks that gained ground were British retailers French Connection Group, 5.1 percent to 0.47 pounds; and MySale Group, 3.2 percent to 0.93 pounds.

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