LONDON – European stock markets were on the rise in mid-morning trading on Tuesday after a slow start to the week, impacted by turmoil following U.S. President Donald Trump’s immigration ban.
The FTSE MIB in Milan led the upswing, climbing 1.1 percent to 18,961.76, followed by the FTSE 100 in London, 0.5 percent to 7,156.62, and the CAC 40 in Paris, 0.4 percent to 4,805.66. The DAX in Frankfurt was up 0.3 percent to 11,719.40.
The euro traded at $1.07, while the pound fetched $1.25, and the Swiss franc equaled $1.00 at 10:50 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest risers including Tod’s, 2.8 percent to 67.60 euros, and Hennes & Mauritz, 5.5 percent to 249.80 Swedish kronor, after the retailer returned to profit growth in the fourth quarter.
Among the stocks that lost the most ground were Joules, 1.6 percent to 2.17 pounds, and French Connection Group, 2.2 percent to 0.33 pounds.