Europe’s Markets Rise

LONDON – Europe’s stock markets were on the uptick in mid-morning trading on Tuesday, with the CAC 40 and the DAX in Frankfurt leading the way. The French and German markets were up 0.3 percent to 4,931.38 and to 11,440.12, respectively, while the FTSE MIB in Milan and the FTSE 100 in London each climbed 0.2 percent to 22,345.41 and to 6,952.27, respectively. The euro traded at $1.12, while the pound fetched $1.54 and the Swiss franc equaled $1.05 at 11:45 a.m. CET. Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Mulberry Group, 2.3 percent to 8.70 pounds; Metro AG, 1.5 percent to 30.32 euros; Brunello Cucinelli, 1.2 percent to 19.23 euros, and MySale Group, 5.8 percent to 0.50 pounds. Among the stocks that lost the most ground were Italia Independent Group, 2.5 percent to 35.74 euros, and Luxottica Group, 2.1 percent to 54.80 euros after the group reported record net profits and sales for fiscal 2014.

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