LONDON — European stock markets were in retreat in midmorning trading on Monday, with the FTSE MIB in Milan leading the way.
The Italian market was down 1.4 percent to 18, 424.63; followed by the DAX in Frankfurt 1.2 percent to 10,252.62, and the CAC 40 in Paris, 0.8 percent to 4,531.43. The FTSE 100 in London was down 0.6 percent to 6,274.75.
The euro traded at $1.12, while the pound fetched $1.44 and the Swiss franc equaled $1.02 at 11:00 a.m. CET.
Retail and luxury stocks were down with the markets, with the biggest fallers including Aeffe, 3.2 percent to 1.14 euros; Yoox Net-a-porter Group, 1.6 percent to 26.07 euros; Moncler, 1.5 percent to 14.58 euros, and Unilever, 1.3 percent to 39.76 euros.
Among the few stocks to gain ground in midmorning were Koovs.com, 3.6 percent to 0.28 pounds; Boohoo.com, 6.5 percent to 0.51 pounds, and Ted Baker, 3.9 percent to 25.10 pounds.