PARIS — Most major European markets were on the upswing Thursday morning, a day after the U.S. Federal Reserve said it will raise interest rates.The CAC 40 in Paris and the FTSE MIB in Milan each rose 0.8 percent, to 4,808.56 and 18,756.88 points, respectively. The DAX in Frankfurt advanced 0.7 percent to 11,319.44, while the FTSE 100 in London declined 0.1 percent 6,941.04.The euro traded at $1.04, the British pound for $1.26 and the Swedish krona for $0.11 at 12:25 p.m. CET.Fashion, luxury and retail stocks were mixed. Among the biggest gainers were Moncler, up 2.5 percent to 16.60 euros; Joules Group, 1.9 percent to 2.11 pounds, and Tod’s, 3 percent to 61.90 euros.The stocks to lose ground included Hennes & Mauritz, which declined 4.6 percent to 25.86 Swedish kroner, after the company reported earlier in the day November figures that missed analysts’ expectations. Beiersdorf and Hermès International each were down 1.1 percent, to 78.69 euros and 385.75 euros, respectively.The U.S. Fed on Wednesday said it was raising interest rates and that more hikes would follow at a faster clip in 2017.Click Here for the WWD Global Stock Tracker >>
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
Stay up to do date with breaking news and trending stories with WWD’s “The Essentialist.” Our newsletter delivers the top news in fashion right to your inbox. Want more info? Link in bio. #wwdfashion (📷: @kukukuba)
"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.