LONDON — European stock markets were mostly down in mid-morning trading on Tuesday, led by the DAX in Frankfurt, which fell 1.1 percent to 12,033.97.
The FTSE MIB in Milan was down 0.9 percent to 22,715.37, followed by the CAC 40 in Paris, 0.3 percent to 5,044.66.
The FTSE 100 in London was the only market that gained ground, rising 0.2 percent to 6,817.81.
The euro traded at $1.05 while the pound fetched $1.48 and the Swiss franc equaled $0.99 at 10:30 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Mysale Group, 1 percent to 0.59 pounds; and J. Sainsbury, 1.1 percent to 2.72 pounds.
Among the stocks that lost the most ground were French Connection, down 14.8 percent to 0.52 pounds after the group reported a fall in annual revenue of 5.8 percent to 178.5 million pounds.
Italia Independent Group, 2.3 percent to 36.01 euros; Moncler, 3.3 percent to 15.46 euros; Salvatore Ferragamo, 2.3 percent to 29.20 euros; and Tod’s, 2 percent to 89.30 euros.