LONDON — European stock markets were in retreat in midmorning trading on Thursday, with the FTSE MIB in Milan and the FTSE 100 in London leading the way.
The Italian and British markets were both down 0.6 percent, to 16,832.54 and to 6,742.71 respectively. The DAX in Frankfurt dipped 0.4 percent to 10,599.86 and the CAC 40 in Paris fell 0.3 percent to 4,566.25.
The euro traded at $1.06, while the pound fetched $1.25 and the Swiss franc equaled $0.99 at 10:25 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Aeffe, 1.9 percent to 0.93 euros; Boohoo.com, 1.2 percent to 1.27 pounds; Bonmarche Holdings, 2.1 percent to 0.98 pounds, and Italia Independent Group, 4 percent to 3.13 euros.
Among the stocks that lost the most ground were Zalando, 2.2 percent to 34.80 euros; Jimmy Choo, 1.5 percent to 1.32 pounds; Unilever, 2.5 percent to 36.97 euros, and Marks & Spencer Group, 1.3 percent to 3.25 pounds.