LONDON — European stock markets made modest gains in mid-morning trading on Monday, with the exception of the CAC 40 in Paris, which was flat at 4,420.32.
The FTSE 100 in London was up 0.7 percent to 6,252.82, while Milan’s FTSE MIB rose 0.2 percent to 17,523.31 and the DAX in Frankfurt edged up 0.1 percent to 10,113.95.
The euro traded at $1.14, while the pound fetched $1.45 and the Swiss franc equaled $1.02 at 11:05 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Koovs.com, 2.2 percent to 0.54 pounds; Swatch Group, 1.3 percent to 57.90 Swiss francs; and Kering, 1.5 percent to 150.30 euros after Gucci’s chief executive officer unveiled a bullish plan to build revenues to 6 billion euros.
Among the stocks that lost the most ground were market newcomer Joules, 1.8 percent to 1.92 pounds; British high-street brand Supergroup, 1.5 percent to 14.73 pounds; MySale Group, 5.6 percent to 0.64 pounds; Italia Independent Group, 4.2 percent to 18.01 euros; and French Connection, 2.3 percent to 0.42 pounds.