LONDON – Europe’s major markets were back in growth mode on Friday morning, with Milan’s FTSE MIB leading the way.

The Italian market was up 0.9 percent to 21,482.95, followed by the CAC 40 in Paris, 0.6 percent to 5,322.39, and the FTSE 100 in London, 0.5 percent to 7,473,24. The DAX in Frankfurt was up 0.3 percent to 12,628.76.

The euro traded at $1.11, while the pound fetched $1.30, and the Swiss franc equaled $1.02 at 11:20 a.m. CET.

Retail and luxury stocks were also on the upswing, with the morning’s biggest gainers including Geox, 1.8 percent to 2.69 euros; Salvatore Ferragamo, 1.7 percent to 28.44 euros; Koovs.com, 3.6 percent to 0.40 pounds; Ted Baker, 1.4 percent to 24.59 pounds, and Superdry parent SuperGroup, 1.5 percent to 15.88 pounds.

Among the few stocks that lost ground were Italia Independent Group, 2.2 percent to 4.45 euros; Aeffe, 1.2 percent to 1.72 euros; and Mulberry, 1.4 percent to 10.75 pounds.

European markets were in retreat on Thursday, after U.S. markets suffered their worst losses of the year on Wednesday in the wake of the widening Donald Trump-Russia drama.

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