European Markets Edge Down

LONDON – European stock markets edged down in early afternoon trading on Tuesday, led by FTSE 100 in London. The British market sank 0.7 percent to 6,825.41, followed by the DAX in Frankfurt and the FTSE MIB in Milan, which were both down 0.6 percent to 11,518.03 and to 22,432.18, respectively. The CAC 40 in Paris fell 0.5 percent to 4,911.04. The euro traded at $1.09, while the pound fetched $1.51 and the Swiss franc equaled $1.01 at 12:10 p.m. CET. Retail and luxury stocks were mostly down, with a few exceptions, including Yoox Group, which climbed 3.6 percent to 21.05 euros; Asos.com, 1 percent to 33.68 pounds, and MySale Group, 3 percent to 0.59 pounds. Among the stocks that lost the most ground were Boohoo.com, which declined 1.3 percent to 0.25 pounds; J. Sainsbury, 2.5 percent to 2.69 pounds, and Safilo Group, 1.3 percent to 12.98 euros. Click Here for the WWD Global Stock Tracker >>

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