LONDON — European stock markets made small gains in mid-morning trading on Thursday, with the exception of the FTSE 100 in London, which was flat at 7,031.21.
The DAX in Frankfurt was up 0.4 percent to 10,622.12, while the CAC 40 in Paris rose 0.3 percent to 4,505.08. The FTSE MIB in Milan advanced 0.3 percent to 16,518.84.
On Tuesday, the FTSE 100 reached a high for the year at 7,074.34, after falling back on Wednesday on worries that the European Central Bank could pull back on its bond purchases before its designated March deadline. Investors had been cashing in their bonds, and using the money to buy shares in U.K. companies.
The euro traded at $1.12, while the pound fetched $1.27 and the Swiss franc equaled $1.02 at 10 a.m. CET.
Retail and luxury stocks were mostly down, with the morning’s biggest fallers including Ted Baker, 1.9 percent to 24.94 pounds; Marks & Spencer, 1.3 percent to 3.33 pounds; Tesco, 2 percent to 2.03 pounds, and Aeffe, 1.2 percent to 1.02 euros.
Among the few stocks that gained ground were Safilo Group, 2.6 percent to 9.18 euros, and Koovs.com, 11.6 percent to 0.77 pounds.