LONDON — European stocks were up during midmorning trading on Monday.
The DAX in Frankfurt rose 1 percent to 10,470.86, while the FTSE MIB in Milan was up 0.9 percent to 16,773.64. The CAC 40 in Paris climbed 0.6 percent to 4,437.62, followed by the FTSE 100 in London, 0.2 percent to 6,806.62.
The euro traded at $1.10, while the pound fetched $1.30 and the Swiss franc equaled $1.01 at 11:15 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Koovs, which gained 3.4 percent to 0.64 pounds. Marks & Spencer Group rose 2 percent to 3.27 pounds, followed by Next, which climbed 1.6 percent to 53.02 pounds.
Among the stocks that lost the most ground were Hugo Boss, 5 percent to 53.44. The company reported last week that one-time special items, primarily related to further store closures, sent Hugo Boss net income plummeting 84 percent in the second quarter. The drop exceeded the most negative analyst expectations, which most recently forecast a 50 percent drop in net income.
Yoox Net-a-porter fell 1.4 percent to 27 euros, followed by Asos, which declined 1.1 percent to 0.53 pounds.