Global trading was mixed on Tuesday, but most indexes ended the day’s trading sessions up.
That’s because most investors are betting that central bank stimulus will continue. That has many investors placing their bets in the equity markets, given the low returns on fixed-rate securities.
In Asia, the Nikkei 225 in Tokyo was down 0.2 percent to 14,758.42, while the Hang Seng Index in Hong Kong slipped 0.3 percent to 22,930.28.
European stock markets initially traded down, but then took their cue from their counterparts in the U.S. and made gains at the close of trading.
The FTSE MIB in Milan and the FTSE 100 in London were both up 0.8 percent, to 17,315.25 and 6,686.06, respectively; the DAX in Frankfurt rose 0.7 percent to 8,339.11, and the CAC 40 in Paris 0.5 percent to 3,966.06.
The Italian luxury brand’s first-quarter profits outstripped analysts’ estimates and almost doubled in the three-month period to 24.3 million euros, or $32 million.
LVMH Moët Hennessy Louis Vuitton was up 2 percent to 135.75 euros; the Swatch Group, 1.6 percent to 98.25 Swiss francs, and Gemfields 4.3 percent to 0.24 pounds.
Among the stocks that lost the most ground were Burberry Group and Mulberry Group, which both fell 1 percent, to 13.94 pounds and 8.99 pounds, respectively. Marks and Spencer Group retreated 0.7 percent to 4.21 pounds.
In the U.S. the Dow Jones Industrial Average rose 0.8 percent to 15,215.25, while the S&P 500 Retailing Industry Group gained 1.2 percent to 788.26.
The three top gainers were Zale Corp., up 12 percent to $5.68; American Apparel Inc., up 8.8 percent to $1.97, and Pacific Sunwear of California Inc., up 7.1 percent to $3.03.
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye
Did you know: @carlychaikin of "Mr. Robot" has been painting for about a decade? The actress, who plays Darlene on the show, is a self-taught artist who lists Salvador Dalí and Chuck Close as some of her idols. Chaikin told WWD that painting is a form of meditation for her — A much-needed one given the intensity of "Mr. Robot." See a piece Chaikin is working on at WWD.com (📷: @jilliansollazzo) #wwdeye