LONDON — Europe’s major markets were on the uptick in late morning trading on Wednesday, with the exception of the FTSE 100 in London, which dipped 0.2 percent to 7,384.48.

The FTSE MIB in Milan led the upswing, climbing 0.2 percent to 22,275.01, followed by the CAC 40 in Paris and the DAX in Frankfurt, which were both up 0.1 percent, to 5,213.14 and 12,534.04, respectively.

The euro traded at $1.20, while the pound fetched $1.32 and the Swiss franc equaled $1.04 at 1:00 p.m. CET.

Retail and luxury stocks were uneven, with the morning’s biggest risers including Debenhams, 3.1 percent to 0.42 pounds; Zalando, 1 percent to 41.72 euros; Gemfields, 2 percent to 0.32 pounds; Mulberry, 1.3 percent to 10.94 pounds, and 3.4 percent to 0.30 pounds.

Stocks that lost the most ground included Swatch Group, 2.8 percent to 72.75 Swiss francs; Luxottica, 1.9 percent to 48.67 euros; Italia Independent Group, 2.2 percent to 5.30 euros; Joules Group, 3.5 percent to 2.77 pounds, and Essilor, 2.1 percent to 107 euros.

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