LONDON — Europe’s major markets were uneven in mid-morning trading on Friday, with the FTSE MIB in Milan and the CAC 40 in Paris both gaining ground.
The Italian market was up 0.6 percent to 20,819.86, followed by France’s CAC 40, 0.4 percent to 5,172.45. The FTSE 100 in London fell 0.2 percent to 7,336.06, followed by the DAX in Frankfurt, which was broadly flat at 12,413.94.
The euro traded at $1.14, while the pound fetched $1.30 and the Swiss franc equaled $1.04 at 10:20 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest risers including Aeffe, 2.1 percent to 1.65 euros; Moncler, 1.2 percent to 20.54 euros; Adidas, 2.7 percent to 168.75 euros, and Swatch Group, 1 percent to 70.55 Swiss francs.
Among the few stocks to lose ground were Koovs.com, 17 percent to 0.36 pounds; SuperGroup, parent of Superdry, 1.8 percent to 15.41 pounds; Tesco, 1.5 percent to 1.69 pounds, and Sainsbury’s, 1.5 percent to 2.52 pounds.
Debenhams fell 2.3 percent to 0.43 after the company stopped short of issuing a profit warning earlier this week, citing volatile market trends and a slowdown in clothing sales in recent weeks.