Europe’s Markets Climb in Mid-Morning Trading

Europe's Markets Climb in Mid-Morning Trading Samantha Conti LONDON – Europe's stock markets were on the upswing in mid-morning trading on Thursday, with the FTSE MIB in Milan leading the way. The Italian market was up 1.2 percent to 20,976.15, followed by the CAC 40 in Paris, 0.7 percent to 5,321.41, and the DAX in Frankfurt, 0.4 percent to 12,665.87. The FTSE 100 in London advanced 0.3 percent to 7,542.97. The euro traded at $1.12, while the pound fetched $1.28  at 11:00 a.m. CET. Retail and luxury stocks put on an uneven show, with Jimmy Choo among the biggest gainers. The stock was up 1.3 percent to 2.00 pounds after the company, which is for sale, released a brief but positive trading update ahead of its annual general meeting later on Thursday. Although Choo did not supply any numbers or percentages, it said trade had been strong in the year to date, in line with management's expectations. The statement said all categories have shown strong growth, with men's footwear the star performer. The company said its fragrance license with Inter Parfums is also performing particularly well. Choo has opened six stores so far this year and has completed eight renovations. The company said it has seen strong sales progress in Asia and Japan with Follow WWD on Twitter or become a fan on Facebook. Read More... Fashion 3