PARIS — All of Europe’s major markets were in negative territory in trading on Tuesday morning.
Paris’ CAC 40 declined 2.8 percent to 4,459.37, followed by the FTSE MIB in Milan, which retreated 2.4 percent to 21,242.17. Frankfurt’s DAX was down 2.3 percent to 9,718.92, and the FTSE 100 in London, 2.1 percent to 5,979.96.
Fashion, luxury and retail stocks were largely in the red, too.
Among the biggest fallers was Geox, down 3.2 percent to 3.53 pounds. Both Aeffe and Inditex dropped 2.8 percent, to 1.34 euros and 29.42 euros, respectively. LVMH Moët Hennessy Louis Vuitton, meanwhile, dipped 2.7 percent to 148 euros.
Stocks on the rise included French Connection Group, 1.2 percent to 0.26 pounds, one day after the company published its results for the first six months of the fiscal year ended July 31. Gemfields advanced 0.6 percent to 0.60 pounds, and Hugo Boss increased 0.4 percent to 100.65 euros.
At 11:55 a.m. CET, the euro traded for $1.12 and the pound for $1.55.