LONDON — European stock markets were down in mid-morning trading on Friday, in the wake of the U.S. Federal Reserve’s decision to keep interest rates at historic lows.
The FTSE MIB in Milan led the downturn, falling 1.6 percent to 21,750.00, followed by the DAX in Frankfurt, 1.2 percent to 10,111.10, and the CAC 40 in Paris, 1 percent to 4,608.20.
The FTSE 100 in London was down 0.2 percent to 6,175.14.
The euro traded at $1.13, while the pound fetched $1.55, and the Swiss franc equaled $1.03 at 10:45 a.m. CET.
Retail and luxury stocks also fell, including Compagnie Financière Richemont, down 1.9 percent to 75.80 Swiss francs despite its five-month trading figures outstripping analysts’ expectations earlier this week.
Luxottica Group dropped 2.1 percent to 59.45 euros; Moncler, 2.8 percent to 15.83 euros; and Salvatore Ferragamo, 2.2 percent to 23.68 euros.
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Among the few stocks on the upswing were Adidas, 2.6 percent to 71.11 euros; Italia Independent Group, 5.9 percent to 30.95 euros; and MySale Group, 2.3 percent to 0.56 pounds.