LONDON — Europe’s stock markets were on the upswing in mid-morning trading on Tuesday, with the CAC 40 in Paris leading the way.
The French market rose 1.3 percent to 5,137.44, followed by the FTSE 100 in London, 1.2 percent to 6,916.85, and the FTSE MIB in Milan 1.1 percent to 23,556.52. The DAX in Frankfurt was up 1 percent to 12,085.57.
The euro traded at $1.10, while the pound fetched $1.49, and the Swiss franc equaled $1.05 at 11:30 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Koovs.com, 6 percent to 0.71 pounds; Safilo Group, 1.5 percent to 14.74 euros; Asos.com, 2.2 percent to 38.47 pounds; Italian clothing manufacturer Aeffe, 7.6 percent to 2.61 euros; Tesco, 2.3 percent to 2.50 pounds; and Italia Independent Group, 1.8 percent to 37.99 euros.
Among the few stocks that lost ground were French Connection Group, 3.1 percent to 0.52 pounds; and Yoox Group 0.5 percent to 27.37 euros.