LONDON — Europe’s major markets were on the rise in mid-morning trading on Wednesday, with the CAC 40 in Paris leading the way.
The French market was up 0.9 percent to 5,308.59, followed by the DAX in Frankfurt, 0.5 percent to 12,830.06, and the FTSE 100 in London, 0.3 percent to 7,519.09. The FTSE MIB in Milan rose 0.1 percent to 21,114.06.
The euro traded at $1.12, while the pound fetched $1.27 at 11:00 a.m. CET.
Retail and luxury stocks were also on the rise, with the morning’s biggest gainers including Superdry parent SuperGroup, 1.1 percent to 15.34 pounds; Yoox Net-a-porter Group, 2.1 percent to 24.34 euros; Marks & Spencer Group, 1.1 percent to 3.67 pounds, and Salvatore Ferragamo, 1.3 percent to 24.63 euros.
Gemfields gained 12.7 percent 0.40 pounds after news broke that Fosun, of China, had made an offer to buy the company for more than 220 million pounds.
Among the few stocks that fell were Koovs.com, 3.3 percent to 0.36 pounds; Mulberry, 2 percent to 11.26 pounds after the company said that sales were up 1 percent in the first weeks of its current fiscal year; French Connection, 5.9 percent to 0.36 pounds, and Boohoo.com, 2 percent to 2.44 pounds.