LONDON — European stock markets made marginal gains in midmorning trading on Wednesday as the Greek parliament prepared to vote on key reforms aimed at securing a third bailout from the European Union.
Wednesday’s vote comes as the International Monetary Fund, one of Greece’s creditors, said the country needs more debt restructuring than the EU is willing to admit, and criticized the bailout deal that was announced early Monday after a marathon weekend of negotiations.
The only market to lose ground was London’s FTSE 100, down 0.01 percent to 6,752.75. The FTSE MIB in Milan rose 0.6 percent to 23,228.13, while the DAX in Frankfurt was up 0.1 percent to 11,526.86 and the CAC 40 in Paris, 0.02 percent to 5,033.23.
The euro fell to $1.10, while the pound fetched $1.55, and the Swiss franc equaled $1.06 at 11:30 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest fallers including Burberry, which dipped 2 percent to 15.88 pounds after the group posted a slowdown in first-quarter sales growth, due partly to ongoing challenges in Hong Kong.
Among the other stocks that lost ground were MySale Group, 1.3 percent to 0.49 pounds; Koovs.com, 1.4 percent to 0.69 pounds, and French Connection Group, 1.1 percent to 0.44 pounds.
Among the stocks that gained the most ground in midmorning were Hugo Boss, 1 percent to 105.05 euros; Luxottica Group, 1.1 percent to 62.65 euros, and Boohoo.com, 1.2 percent to 0.28 pounds.