LONDON — European stock markets were down in mid-morning trading on Thursday, with the FTSE 100 in London leading the slide.
The British market fell 1 percent to 6,758.88, the DAX in Frankfurt 0.8 percent to 10,627.95, and the FTSE MIB 0.7 percent to 20,341.89. The CAC 40 in Paris was also down 0.7 percent to 4,580.40.
The euro traded at $1.13, while the pound fetched $1.52, and the Swiss franc equaled $1.11 at 10:50 a.m. CET. The dollar weakened slightly against those currencies following indications Wednesday that the U.S. Federal Reserve is still considering an interest rate rise this year. The possibility of an interest rate hike spurred a selloff of stocks on US markets.
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Retail and luxury stocks were uneven, with the morning’s biggest fallers including Italia Independent Group, 4.2 percent to 32.10 euros; Safilo Group, 2.5 percent to 12.29 euros; Metro AG, 2.4 percent to 26.99 euros; and Brunello Cucinelli, 2.3 percent to 19.38 euros.
Among the stocks that gained the most ground were Hugo Boss, 2.1 percent to 115.50 euros, and Unilever, 1.7 percent to 38.49 euros.