LONDON — Europe’s stock markets were mixed in mid-morning trading on Tuesday, with the DAX in Frankfurt registering the biggest gain.
The German market advanced 0.8 percent to 7,939.48, while the FTSE 100 in London edged up 0.04 percent to 6,460.58.
The CAC 40 in Paris fell 0.04 percent to 3,867.20, while the FTSE MIB in Milan edged down 0.03 percent to 16,925.29.
The euro traded at $1.31 against the dollar, while the pound fetched $1.55, and the Swiss franc equaled $1.06 at 11:30 a.m. CET.
Retail and luxury stocks put on a mixed show. Among the morning’s biggest risers was Asos.com, which advanced 3 percent to 31.67 pounds after posting a 22 percent gain in first-half profits to 19.4 million pounds. As reported, revenues in the first half grew 33.2 percent to 359.7 million pounds, and in the second quarter they climbed 36.7 percent to 190.3 million pounds.
“Momentum is strong, and we remain positive in our outlook for 2012/13 as we continue our journey to becoming the number one online fashion destination for twenty-somethings, globally,” asserted Asos founder and chief executive Nick Robertson. “Our international roll out continues and our one billion pounds sales ambition for the group is firmly in our sights."
Robertson noted that in-country teams now operate in five key strategic countries: The U.K., U.S., Australia, France and Germany, and that Asos is seeing strong growth in these territories as a result. "Our next focus is on ‘tactical’ countries, and we already have dedicated Web sites in Italy and Spain and are now focussing on our expansion into the People’s Republic of China and the Russian Federation," he added.
Other stocks on the rise included Metro AG, up 1.3 percent to 23.77 euros; and Safilo Group, up 1.6 percent to 12.43 euros.
Among the stocks that lost the most ground in mid-morning were Unilever, down 1.9 percent to 32.10 euros, and Luxottica Group, 2.1 percent to 40.07 euros.
In honor the @CFDA’s announcement of @iamnaomicampbell receiving the Fashion Icon Award at the 2018 #CFDAAwards, which will take place on June 4, here’s a #tbt of the supermodel on @michaelkors’ runway in 1991. #wwdfashion #wwdarchive (📷: George Chinsee)
“I was making the guacamole when my scout saw me,” says model @stuckinteenage on being discovered just six months ago while working at @chipotlemexicangrill. Since then Williams has signed with @dnamodels, walked in her first show at @calvinklein and landed on the cover of @vogueitalia – a high point of any model’s career. To read @lisajlockwood’s full interview with the model on her experiences thus far, head to WWD.com – link in bio. (📷: George Chinsee)
“I love the idea of dialogue, period. It’s where I’ve always gotten my inspiration from: hearing other women speak, their journeys and their paths,” said @hereisgina, who delivered the keynote speech during @sxsw for @createcultivate in partnership with @fossil. For her two panels, Rodriguez chose female empowering, female-led and female entrepreneurs to focus on. Head to WWD.com to read more about her thoughts on Time’s Up, growing up in a family of women and why we “need a girls’ club.” #wwdeye #sxsw (📷: @jgreenery)
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.