LONDON — Europe’s major stock markets were uneven in morning trading on Monday, with the DAX in Frankfurt the only one to make a gain.
The German market was up 0.3 percent to 12,349.62, while the CAC 40 in Paris was down 0.2 percent to 5,113.13. The FTSE 100 in London and the FTSE MIB in Milan were both broadly flat at 7,323.01 and 20,486.15, respectively.
The euro traded at $1.06, while the pound fetched $1.25 and the Swiss franc equaled $0.97 at 1:15 p.m. CET.
Retail and luxury stocks were also uneven, with the morning’s biggest gainers including Burberry Group, 1.3 percent to 17.46 pounds after the company changed strategy and inked a licensing deal with Coty Inc. for its standalone beauty business.
Joules Group climbed 1.3 percent to 2.42 pounds; Boohoo.com, 2.4 percent to 1.72 pounds; Italia Independent Group, 2.2 percent to 4.54 euros; and Aeffe, 3.2 percent to 1.47 euros.
Among the stocks that lost the most ground were Mulberry Group, 4.6 percent to 10.52 pounds; Britain’s Bonmarché Holdings, 2.8 percent to 0.76 pounds; and French Connection, 1.4 percent to 0.35 pounds.