LONDON — Europe’s stock markets were uneven in midmorning trading on Thursday, as investors awaited the latest monetary policy comments from the European Central Bank.
Milan’s FTSE MIB and London’s FTSE 100 in London both gained ground. The Italian market climbed 0.4 percent to 17,877.03, while the British market edged up 0.3 percent to 6,212.14. The CAC 40 in Paris and the DAX in Frankfurt were both down 0.1 percent, to 4472.48 and to 10,195.80 respectively.
The euro traded at $1.12, while the pound fetched $1.45 and the Swiss franc equaled $1.01 at 9:30 a.m. CET.
Retail and luxury stocks also seesawed, with the biggest gainers including Swatch Group, 1.1 percent to 57.95 Swiss francs; Ted Baker, 1 percent to 24.33 pounds; Italia Independent, 0.8 percent to 18.79 euros, and flash-sales site MySale Group, 0.7 percent to 0.68 pounds.
Among the morning’s biggest fallers were Italian clothing manufacturer Aeffe, 2.6 percent to 1.09 euros; French Connection, 1.8 percent to 0.40 pounds; Marks and Spencer Group, 3.1 percent to 3.59 pounds, and Adidas, 0.8 percent to 115.25 euros.
The ECB was is set to make its comments around 12:45 p.m. London time.