LONDON — Europe’s stock markets all logged gains Thursday morning.
The FTSE MIB in Milan rose the most, up 1.4 percent to 20,861.31, while the DAX in Frankfurt climbed 1.3 percent to 10,891.01. The CAC 40 in Paris gained 0.7 percent to 4,713.00 while the FTSE 100 in London was up 0.4 percent to 6,845.01.
Fashion, luxury and retail stocks largely mirrored the markets’ rises.
Among the highest risers were Yoox Group, 3.4 percent to 20.19 euros; Metro, 4.6 percent to 30.42 euros; and Inditex, 2 percent to 26.37 euros. Burberry gained 2.3 percent to 18.62 pounds, making the stock one of the FTSE 100’s top five performers.
The few fallers Tuesday morning included French Connection, 3.2 percent to 0.60 pounds; Jimmy Choo, 1.2 percent to 1.64 pounds; and Brunello Cucinelli, 0.4 percent to 18.42 euros.
Hermès International lost 1.6 percent to 289.60 euros, as the luxury firm lowered its long-term growth guidance to a sales rise of 8 percent in 2015. The lowered guidance came at the same times as the firm reported an 11.1 percent rise in its 2014 revenues and an 11.8 percent rise in Q4 sales to 1.22 billion euros, or $1.53 billion.
At 11:15 a.m. CET, the pound traded for $1.53, while the euro went for $1.13.