LONDON — European stock markets dipped during morning trading on Thursday after the U.S. Federal Reserve hinted at a possible interest rate hike in December.
The FSTE MIB in Milan lost 1.2 percent to 22,404.28, the FTSE in London was down 0.9 percent to 6,377.65, Paris’ CAC 40 slipped 0.7 percent to 4,853.30 and the DAX in Frankfurt dipped 0.2 percent to 10,807.69.
The euro was trading at $1.10 and the pound was worth $1.53 at 11:20 a.m. CET.
Retail and luxury stocks were mostly up, with some shares losing marginal ground.
Among the companies making the biggest gains were Mulberry, up 3.1 percent to 9.11 pounds; Jimmy Choo, 1.9 percent to 1.45 pounds, and L’Oréal, 0.7 percent to 172.85 euros.
The stocks losing value included Burberry, down 0.8 percent to 13.17 pounds. Meanwhile, Tod’s and Asos each declined 0.3 percent to 76.35 euros and 32.47 pounds, respectively.