LONDON — European stock markets were on the upswing in midmorning trading on Friday, in what’s been a bullish start to the fourth quarter.
The CAC 40 in Paris led the way, climbing 1.2 percent to 4,477.50, followed by the FTSE MIB in Milan and the FTSE 100 in London, which each rose 1.1 percent to 21,364.93 and to 6,137.05, respectively.
The DAX in Frankfurt was also up 1.1 percent to 9,612.01.
The euro traded at $1.12, while the pound fetched $1.51 and the Swiss franc equaled $1.02 at 10:40 a.m. CET.
Retail and luxury stocks were also on the rise, with the morning’s biggest gainers including Gemfields, 2.2 percent to 0.57 pounds; French Connection Group, 1.8 percent to 0.22 pounds; Yoox Group, 1.6 percent to 27.20, and Tesco, 1.2 percent to 1.80 pounds.
Among the few stocks that lost ground were Jimmy Choo, 1.9 percent to 1.36 pounds; Italia Independent Group, 1.7 percent to 28.97 euros, and online retailer Koovs.com, 2.7 percent to 0.36 pounds.