LONDON — European stock markets were on the rise in midmorning trading on Monday, as Greek banks opened following a three-week hiatus and negotiations began on a third bailout for the country.
The FTSE MIB in Milan gained the most, climbing 1 percent to 24,004.75, followed by the CAC 40 in Paris, 0.3 percent to 5,139.51.
The FTSE 100 in London and the DAX in Frankfurt were both up 0.1 percent, to 6,782.45 and to 11,688.01 respectively.
The euro traded at $1.08, while the pound fetched $1.56, and the Swiss franc equaled $1.04 at 10:10 a.m. CET.
Retail and luxury stocks put on a mixed performance, with the morning’s biggest gainers including French Connection Group, 3.5 percent to 0.45 pounds; Aeffe, 2.9 percent to 2.05 euros, and Safilo Group, 1.1 percent to 12.85 euros.
Among the stocks that lost the most ground were Marks and Spencer Group, 1.1 percent to 5.34 pounds; Koovs.com, 2.7 percent to 0.67 pounds, and MySale Group, 2.2 percent to 0.45 pounds.