LONDON — European stock markets were uneven in midmorning trading on Friday, as growth in the euro zone slowed to 0.3 percent in the second quarter.
The FTSE MIB in Milan was up 1.8 percent to 16,818.41, followed by the DAX in Frankfurt, 0.4 percent to 10,320.04, while the FTSE 100 in London was down 0.3 percent to 6,700.31. The CAC 40 in Paris was broadly flat at 4,420.83.
The euro traded at $1.11, while the pound fetched $1.32 and the Swiss franc equaled $1.02 at 11:30 a.m. CET.
Retail and luxury stocks were mostly higher, with the morning’s biggest risers including Kering, up 6.8 percent to 170.90 euros, after the company reported a 9.9 percent rise in net income and a 3.3 percent increase in first-half revenues on Thursday.
Salvatore Ferragamo was up 2.2 percent to 21.03 euros; Mulberry Group, 2.4 percent to 11.00 pounds; Aeffe, 2.1 percent to 1.06 euros; Next, 1.5 percent to 50.40 pounds, and Gemfields, 7 percent to 0.38 pounds.
Among the stocks that lost the most ground were Asos.com, down 1.4 percent to 44.97 pounds; Geox, 6.8 percent to 2.60 euros, and L’Oréal, 4.2 percent to 167.65 euros.
Koovs.com was down 11.9 percent to 0.71 pounds, after the company reported Friday that pre-tax losses for the year to March 31 widened, while revenues more than doubled at the fast-fashion retailer that caters to the young Indian market.
Earlier in the day, Eurostat announced that GDP in the euro area grew 0.3 percent in the second quarter compared with 0.6 percent in the previous quarter. Year-on-year, second-quarter GDP was up 1.6 percent.