LONDON — European stock markets put on an uneven performance in midmorning trading on Monday, with investors cautious after China’s central bank made a surprise rate cut last Friday.
The CAC 40 in Paris was down 0.6 percent to 4,897.08, followed by the FTSE MIB in Milan, which was down 0.3 percent at 22,672.75.
The FTSE 100 in London was down 0.06 percent to 6441.01, while the DAX in Frankfurt advanced 0.5 percent to 10850.56.
At 11:30 a.m. CET, the euro traded at $0.90, the pound fetched $1.38, the Swiss franc equaled $0.92 and the Swedish krona was $0.12.
Retail and luxury stocks were also uneven. The morning’s biggest risers included Mulberry Group, 3.6 percent to 9.19 pounds; and MySale Group, 2.4 percent to 0.53 pounds.
Among the stocks that lost ground were Hugo Boss, down 1.5 percent at 95.10 euros, followed by Burberry Group, 1.4 percent to 13.32 pounds.