LONDON — European stock markets were down during midmorning trading on Friday, due to disappointing company results and oil companies falling after the price of crude retreated on weak U.S. economic growth data.
The CAC 40 in Paris and the DAX in Frankfurt were both down 0.1 percent, to 4,879.11 and to 10,790.83 respectively. The FTSE in London dipped 0.2 percent to 6,380.85 and the FTSE MIB in Milan lost 0.4 percent to 22,355.37.
The euro was trading at $1.09 against the dollar and the pound was worth $1.53 at 11:30 a.m. CET.
Retail and luxury stocks were also predominantly down, with stocks falling the furthest including Asos and LVMH Moët Hennessy Louis Vuitton, both down 1.2 percent, to 32.76 pounds and to 167.05 euros respectively; and Burberry 1.1 percent to 13.11 pounds.
Among the few shares gaining ground were MySale Group, 1.9 percent to 0.55 pounds; Safilo, 1.3 percent to 11.20 euros, and Bonmarche Holdings, 0.8 percent to 3.10 pounds.