LONDON — Europe’s major markets were uneven in midmorning trading on Thursday, as were retail and luxury stocks.
Despite a 15 percent uptick in second-quarter revenues, LVMH Moët Hennessy Louis Vuitton shares fell 2.1 percent while those at Kering, which is to report its first-half numbers later on Thursday after the markets close, were down 1.5 percent.
The FTSE MIB in Milan was up 0.2 percent to 21,615.38, followed by the CAC 40 in Paris, 0.1 percent to 5,196.14. The DAX in Frankfurt was down 0.6 percent to 12,237.32, while the FTSE 100 in London fell 0.1 percent to 7,446.76.
The euro traded at $1.17, while the pound fetched $1.31 at 11:20 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest fallers including LVMH, 2.1 percent to 213.50 euros; Kering, 1.5 percent to 303.70 euros; Mulberry, 2.5 percent to 10.31 pounds; MySale Group, 8.4 percent to 1.03 pounds, and Gemfields, 1.2 percent to 0.31 pounds.
Stocks on the rise included Next, 3.7 percent to 39.18 pounds; Aeffe, 3.8 percent to 1.79 euros; Boohoo.com, 2.6 percent to 2.35 pounds; Yoox Net-a-porter Group, 2.4 percent to 27.26 euros, and Superdry parent SuperGroup, 2.3 percent to 14.86 pounds.