LONDON — Europe’s stock markets closed on the upswing on Friday, while the Nasdaq and Dow Jones Industrial Average also made gains in half-day trading, buoyed by Black Friday sales.The CAC 40 in Paris and the DAX in Frankfurt both rose 0.9 percent to 3,528.80 and to 7,309.13 respectively, while the FTSE 100 in London and the FTSE MIB in Milan both advanced 0.5 percent to 5,819.14, and to 15,635.89 respectively.
The Nasdaq climbed 1.4 percent to 2,966.85, while Dow Jones was also up 1.4 percent to 13,009.68, as shoppers took advantage of Black Friday sales - some of which started even earlier — on Thursday — this year.
The euro traded at $1.29, while the pound traded at $1.60.
In Europe, retail and luxury stocks made strong gains, despite news that a two-day meeting of European Union leaders in Brussels yielded no agreement on the 2014-20 budget.
Among the biggest winners were Tod’s, which advanced 1.1 percent to 90.85 euros; LVMH Moet Hennessy Louis Vuitton, which advanced 1.3 percent to 130.55 euros; and Metro, which was up 1.4 percent to 22.16 euros.
In the U.S. the big gainers included Macy’s Inc, which advanced 1.8 percent to $41.73; Nordstrom, Inc., which climbed 1.7 percent to $56.55; Wal-Mart Stores Inc., which was up 1.9 percent to $70.20; Dollar General Corporation, which climbed 2.9 percent to $49.41; and Aeropostale, Inc. which rose 3.8 percent to $14.45. Other stocks on the rise included Ralph Lauren Corporation, up 2.2 percent to $159.6.
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)
Breaking News: @hedislimane joins @celine as its new artistic, creative and image director. One of fashion’s preeminent image-makers and trendsetters, Slimane is to join the LVMH brand on Feb. 1 and unveil his first fashion proposition for men and women next September during Paris Fashion Week. It marks a major homecoming for Slimane, who cemented his reputation – and influenced men’s tailoring for more than a decade – as the designer of Dior Homme between 2000 and 2007. He went on to reinvent and ignite the house of Yves Saint Laurent, which he rechristened Saint Laurent, between 2012 and 2016 – all the while maintaining a close relationship with the Arnault family, which controls LVMH and Dior. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
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For Lady Gaga’s only Italian show on her “Joanne World Tour,” the singer wore a range of @versace_official outfits. The standout piece: this custom-made bodysuit inspired by the brand’s spring 2018 collection. #wwdfashion (RG: @ladygaga)
@_camillaruth_ is expanding on the wellness-craze concept with @westbourne – a new NYC restaurant that’s both a healthy-minded café as well as a business that gives back to the community. Marcus works with the Robin Hood foundation to give back to The Door, a non-profit providing youth development services, and also hires employees through The Door. Read our full interview with Marcus on giving back through food on WWD.com. #wwdeye (📷: @lexieblacklock)