LONDON — Europe’s major markets lost ground in midmorning trading on Tuesday, with the CAC 40 in Paris leading the way.
The French market was down 0.7 percent to 4,197.57, followed by the DAX in Frankfurt, 0.6 percent to 9596.20, and the FTSE 100 in London 0.5 percent to 6,015.95. The FTSE MIB in Milan fell 0.1 percent to 16,598.17.
The euro traded at $1.13, while the pound fetched $1.42, and the Swiss franc equaled $1.04 at 10:10 a.m. CET.
Retail and luxury stocks were mostly down, with the morning’s biggest fallers including Yoox Net-a-porter Group, 2.3 percent to 22.10 euros; Jimmy Choo, 3.1 percent to 1.00 pound, and Koovs.com, 2.8 percent to 0.57 pounds.
Among the few stocks that gained ground were French Connection Group, 2.7 percent to 0.38 pounds; Ted Baker, 2.4 percent to 23.80 pounds, and Aeffe, 0.8 percent to 1.41 euros.