LONDON — Europe’s markets were largely down in trading Wednesday morning.
The FTSE MIB in Milan dipped 0.4 percent to 23,234.03, while the CAC 40 in Paris was down 0.3 percent to 5,071.83 and the DAX in Frankfurt fell 0.1 percent to 11,992.45. Only the FTSE 100 in London was up, rising 0.1 percent to 7,029.15.
Fashion, luxury and retail stocks also had a downbeat start to the day.
Among the fallers were Yoox Group, 5.4 percent to 20.63 euros; Italia Independent, 2.3 percent to 35.19 euros; and Moncler, 1.2 percent to 15.38 euros.
Shares in Hermès International fell 1.7 percent to 306.05 euros as the firm reported Wednesday that its full-year net profit for 2014 rose 9 percent to 859 million euros, or $1.14 billion, but was cautious on its outlook for the coming year, in light of economic and political uncertainties.
Stocks that gained ground included Moss Bros, up 1.4 percent to 1.07 pounds as the British men’s wear firm said that its pre-tax profits rose 9 percent to 4.8 million pounds, or $7.9 million in the year ended Jan. 31.
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Other risers numbered Safilo Group, 2.2 percent to 13.97 euros; French Connection, 1.8 percent to 0.53 pounds’ and Esprit, 1.8 percent to 7.52 Hong Kong dollars.
At 11:15 a.m. CET, the pound traded for $1.49, while the euro went for $1.09 and the Hong Kong dollar changed hands for $0.13.