LONDON – Europe’s major markets were uneven in midmorning trading on Thursday, with the FTSE 100 in London the only one to gain modest ground.
The U.K. market rose 0.2 percent to 6,684.05, while the DAX in Frankfurt and the CAC 40 in Paris were broadly flat at 10,380.17 and at 4,365.57 respectively. The FTSE MIB in Milan was down 0.4 percent to 16,471.56.
The euro traded at $1.12, while the pound fetched $1.32, and the Swiss franc equaled $1.02 at 11:10 a.m. CET.
Retail and luxury stocks seesawed, with the morning’s biggest gainers including British supermarket chain Tesco, 3 percent to 1.67 pounds; Safilo Group, 4 percent to 8.50 euros, and Koovs.com, 1.9 percent to 0.66 pounds.
Among the morning’s biggest fallers were Next, 4.7 percent to 49.65 pounds; Superdry parent SuperGroup, 2.1 percent to 14.38 pounds; Tod’s, 6 percent to 48.23 euros, and Marks & Spencer Group, 2.3 percent to 3.14 pounds.