LONDON — Europe’s major stock markets were down in mid-morning trading on Thursday, with the FTSE MIB in Milan leading the way.
The Italian market fell 0.9 percent to 17,758.02, followed by the DAX in Frankfurt, 0.8 percent to 10,138.33, and the CAC 40 in Paris, 0.7 percent to 4,419.98. The FTSE 100 in London was down 0.5 percent to 6,270.04.
The euro traded at $1.14, while the pound fetched $1.45 and the Swiss franc equaled $1.04 at 9:45 a.m. CET.
Retail and luxury stocks were mostly in retreat, with the morning’s biggest fallers including French Connection Group, 5 percent to 0.41 pounds; Yoox Net-a-porter Group, 1.8 percent to 25.37 euros; Tod’s, 1.1 percent to 53.95 euros; and Gemfields, 2.8 percent to 0.41 pounds.
Among the few stocks to gain ground were Aeffe, 3.2 percent to 1.19 euros; and Koovs.com, 1.5 percent to 0.48 pounds.
