LONDON — European stock markets were down on Monday, with the exception of the FTSE 100 in London, which climbed 0.6 percent to 7,002.53.
The DAX in Frankfurt retreated 1.2 percent to 11,890.56, followed by the CAC 40 in Paris, 0.8 percent to 5,048.83, and the FTSE MIB in Milan, 0.5 percent to 23,060.73.
The euro traded at $1.08, while the pound fetched $1.49, and the Swiss franc equaled $1.02 at 11:05 a.m. CET.
Greek prime minister Alexis Tsipras is due to meet German Chancellor Angela Merkel on Monday as Greece continues to hammer out a program of long-awaited economic reforms as part of its deal with international creditors.
Retail and luxury stocks were mostly down, with the morning’s biggest fallers including Italia Independent Group, 3.1 percent to 34.40 euros; Burberry, 2.4 percent to 18.32 pounds; Moncler, 2 percent to 15.11 euros; Tod’s, 2 percent to 86.55 euros; and LVMH Moët Hennessy Louis Vuitton, 2.9 percent to 164.35 euros.
Among the few stocks that gained ground were Brunello Cucinelli, 1.5 percent to 16.64 euros; Salvatore Ferragamo, 0.9 percent to 29.73 euros; and Geox, 0.9 percent to 3.27 euros.