LONDON — Europe’s stocks put in a mixed performance this morning, with London’s FTSE 100 rising following the long weekend, but the rest of Europe’s indexes falling.
The FTSE 100 was up 2.2 percent mid morning, while Paris’ CAC 40 was down fractionally. Frankfurt’s DAX slipped 0.7 percent and the FTSE MIB edged down 0.8 percent.
Banking shares, including those in Royal Bank of Scotland and Barclays, had led the FTSE 100’s rise after a positive research note on the banks from Deutsche Bank.
Meanwhile, the Nikkei 225 in Tokyo closed up 1.2 percent while Hong Kong’s Hang Seng Index closed up 1.7 percent.
Fashion and luxury stocks generally had a good start to the day. Mulberry rose 5.3 percent, Prada closed up 6.1 percent, Ferragamo rose 4.6 percent and Burberry rose 4.3 percent.
Those that fell included L’Oreal, down 1.9 percent; PPR, which was down 0.9 percent; and French Connection, down 3.4 percent.