LONDON — Europe’s stock markets all gained ground in trading Friday morning.
The FTSE MIB in Milan rose 1.5 percent to 23,545.08, followed by the DAX in Frankfurt and the CAC 40 in Paris, both up 0.6 percent to 11,797.91 and to 5,207.77 respectively. The FTSE 100 in London gained 0.4 percent to 7,081.67.
Fashion, luxury and retail stocks had more of an uneven start.
French Connection saw a 17 percent slump in its share price Friday, to 0.44 pounds, on the back of a profit warning. The British retailer said that its first-half retail sales performance is forecast “to be materially lower than expected,” citing “challenging conditions” during the period. While the firm reported that its wholesale performance is in line with expectations, and its licensing continues to perform strongly, it said that its financial performance for the year to January 2016 is now forecast to be “below the current market expectations.”
Other fallers included MySale Group, 1.4 percent to 0.54 pounds; Aeffe, 1.7 percent to 2.38 euros; and Koovs, 2.5 percent to 0.74 pounds.
Stocks that rose numbered Asos, 1.6 percent to 39.93 pounds; Brunello Cucinelli, 1.4 percent to 17.11 euros; Pandora, 3.2 percent to 717.50 Danish kronor; and Italia Independent, 2.3 percent to 37.30 euros.
At 11:05 a.m. CET, the pound traded for $1.50, while the euro went for $1.07 and the Danish krone for $0.14.