LONDON — European stock markets were on the upswing after a slow start to the week, marred by concerns that the world’s big central banks are slowing their fiscal stimulus programs.
The FTSE 100 in London was the only market that fell, 0.1 percent to 6,697.36. The DAX in Frankfurt climbed 0.4 percent to 10,472.98, while the CAC 40 in Paris and FTSE MIB in Milan were up 0.3 percent, to 4,453.12 and to 16,891.46, respectively.
The euro traded at $1.12, while the pound fetched $1.33, and the Swiss franc equaled $1.03 at 9:40 a.m. CET.
Retail and luxury stocks were mostly up, with the exception of Associated British Foods, which earlier this week said the weaker pound would weigh on margins. Shares in the parent of Primark fell 3.5 percent to 27.13 pounds.
Among the stocks to gain the most ground were Salvatore Ferragamo and Adidas AG, 1.3 percent to 21.88 euros and to 148.10 euros, respectively; French Connection, 3 percent to 0.44 pounds; Luxottica Group, 2.8 percent to 43.60 euros; and Italia Independent Group, 1.1 percent to 4.97 euros.