LONDON — Escalating tensions between the U.S. and North Korea continued to put pressure on Europe’s major stock markets, which were all down in morning trading on Thursday.
The FTSE 100 in London led the retreat, falling 1 percent to 7,420.23, followed by the DAX in Frankfurt, 0.8 percent to 12,059.18, and the CAC 40 in Paris, 0.5 percent to 5,120.09. The FTSE MIB in Milan dipped 0.3 percent to 21,781.35.
The euro traded at $1.17, while the pound fetched $1.30 at 11:45 a.m. CET.
Retail and luxury stocks were also down as North Korea made fresh threats to fire its missiles near the coast of Guam amid a war of words with U.S. President Donald Trump.
Among the morning’s biggest fallers were Safilo Group, 2.2 percent to 6.14 euros; Mulberry Group, 2.3 percent to 10.85 pounds; Marks & Spencer Group, 1.3 percent to 3.28 pounds; French Connection Group, 1.5 percent to 0.40 pounds, and Tesco, 1.6 percent to 1.77 pounds.
Among the few stocks to gain ground were Gemfields, 2 percent to 0.32 pounds; Hugo Boss, 1.1 percent to 72.50 euros, and Brunello Cucinelli, 2.1 percent to 24.33 euros.