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.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)