LONDON — European stock markets edged down in midmorning trading on Wednesday, with Milan’s FTSE MIB leading the way.
The Italian market was down 0.4 percent to 22,191.34, followed by the CAC 40 in Paris, which dipped 0.2 percent to 4,662.68, and the FTSE 100 in London, 0.1 percent to 6337.14. The DAX in Frankfurt was the only market to gain ground, rising 0.1 percent to 10,153.81.
The euro traded at $1.13, while the pound fetched $1.55, and the Swiss franc, $1.05 at 10:50 a.m. CET.
Retail and luxury stocks were mostly down, with the exception of Zalando, which climbed 1.8 percent to 30.11 euros; and Adidas and Koovs.com, which both rose 0.7 percent, to 77.60 euros and to 0.37 pounds respectively.
Among the stocks that lost the most ground were Yoox Net-a-porter Group, 1.5 percent to 28.16 euros; Gemfields, 2.4 percent to 0.51 pounds; Asos.com, 1.1 percent to 31.39 pounds, and Moncler, 1.4 percent to 13.70 euros.