LONDON — Europe’s stock markets were all on an upswing Tuesday morning.
The FTSE 100 in London and the DAX in Frankfurt both rose 0.8 percent, to 7,044.85 and to 11,713.60 respectively. The CAC 40 in Paris was up 0.7 percent to 5,116.04, while the FTSE MIB in Milan gained 0.4 percent to 23,301.09.
Fashion, luxury and retail stocks had a largely positive morning, too.
Adidas gained 3.1 percent to 77.90 euros, after the German activewear firm on Tuesday reported an 8.2 percent rise in its Q1 net profit to 221 million euros, or $249.4 million. Also on the rise was Metro, which gained 1.9 percent to 33.39 euros, after the German retail group said Tuesday that its Q2 net loss narrowed to 67 million euros, or $75.6 million, compared to a loss of 92 million euros, or $126.3 million in the year-ago period.
Also up were Burberry, 2.3 percent to 17.64 pounds; Brunello Cucinelli, 2.4 percent to 17.30 euros; and Yoox Group, 2.2 percent to 28.49 euros.
Fallers included French Connection, 1.6 percent to 0.44 pounds; Asos, 1.1 percent to 36.78 pounds and Mulberry, 1 percent to 9.00 pounds.
At 11:04 a.m. CET, the euro traded for $1.12, while the pound changed hands for $1.51.