LONDON — European stock markets made gains in mid-morning trading on Thursday, with the DAX in Frankfurt leading the upswing.
The German index was up 1.2 percent to 11,305.19, followed by the CAC 40 in Paris, and the FTSE MIB in Milan, 0.8 percent to 4931.25 and to 22,534.59 respectively. The FTSE 100 climbed 0.5 percent to 6,367.78.
The euro traded at $1.06, while the pound fetched $1.51, and the Swiss franc equaled $0.98 at 11:45 a.m. CET.
Retail and luxury stocks were also up, with the morning’s biggest gainers including Hugo Boss, 3.1 percent to 83.33 euros; Zalando, 2.5 percent to 31.98 euros; Metro AG, 2.8 percent to 31.52 euros; and Salvatore Ferragamo, 2.9 percent to 21.90 euros.
Among the few stocks that lost ground were Debenhams, 0.98 percent to 0.81 pounds and French Connection Group, 2.2 percent to 0.32 pounds.