LONDON — Europe’s stock markets were on the upswing in morning trading on Thursday, with the exception of the FTSE MIB in Milan, which edged down 0.5 percent to 18,117.22.

The DAX in Frankfurt was up 0.3 percent to 10,240.61; followed by the CAC 40 in Paris, 0.2 percent to 4,491.50, and the FTSE 100 in London, 0.1 percent to 6,269.75.

The euro traded at $1.11, while the pound fetched $1.47 and the Swiss franc, $1.01, at 12:05 p.m. CET.

Retail and luxury stocks mostly advanced, with the morning’s biggest gainers including Zalando, 1.5 percent to 27.10 euros; Bonmarché Holdings, 7.4 percent to 1.32 pounds, and Koovs.com, 4.4 percent to 0.31 pounds.

The British high street retailer Joules made its debut on London’s AIM market on Thursday, trading at 1.94 pounds, after hitting a high of 1.96 pounds earlier in the day.

Among the few stocks to fall were Jimmy Choo, 2.8 percent to 1.15 pounds; Kering, 2 percent to 142.55 euros, and Asos.com, 1.2 percent to 35.30 pounds.

Click Here for the WWD Global Stock Tracker >>

load comments
blog comments powered by Disqus