PARIS — Europe’s major markets were largely on the rise Monday morning, five days after the U.S. Federal Reserve said it would preserve the monetary policy status quo.
Paris’ CAC 40 led the gains, up 0.8 percent to 4,573.78, followed by the FTSE 100 in London, which advanced 0.6 percent to 6,139.04, and Milan’s FTSE MIB, which increased 0.5 percent to 21,631.16. Only the DAX in Frankfurt registered a decline, down 0.6 percent to 9,861.35.
Fashion, luxury and retail stocks were mixed.
Among those on the rise were Luxottica Group, up 2.5 percent to 60.10 euros; Moncler, 1.7 percent to 16.07 euros, and Inditex, 1.6 percent to 30.37 euros.
The fallers included Boohoo.com, down 4.2 percent to 0.31 pounds, and Gemfields, 2.4 percent to 0.61 pounds. French Connection Group declined 4 percent to 0.27 pounds following the publication of its results for the six-month period ended July 31. The company on Monday posted a loss of 7.9 million pounds attributable to the disappointing performance of the spring collection, while sales sank 9.8 percent to 75.8 million pounds.
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At 11:40 a.m. CET, the euro was trading for $1.13 and the pound for $1.55.