LONDON — European stock markets put on a mixed show in mid-morning trading on Wednesday, amid a bundle of mixed news from the region’s fashion retailers.
The CAC 40 in Paris was up 0.4 percent to 3,823.94, followed by the FTSE MIB in Milan, which advanced 0.2 percent to 16,324.74.
The DAX in Frankfurt was down 0.2 percent to 8,210.06, while the FTSE 100 in London fell 0.1 percent to 6,331.51.
The euro traded at $1.33 against the dollar, while the pound fetched $1.56, the Swiss franc equaled $1.08, and the Swedish krona traded at $0.15 at 11:30 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Mulberry Group, up 1.8 percent to 9.59 pounds; and Inditex, 1.6 percent to 99.43 euros after notching a 1.4 percent increase in first-quarter net income and a 5.2 percent sales gain during the three months to April 30.
Shares in Asos.com, which on Wednesday reported that group revenues for the third quarter rose 43 percent 197.2 million pounds, advanced 3.2 percent to 41.09 pounds.
Among the morning’s fallers was Hennes & Mauritz, which reported broadly flat sales in the second quarter, due partly to the stronger Swedish krona. The stock was down 0.1 percent to 223.90 Swedish kronor.
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)
“Volumes and Graphic Art of the Nineties are the main inspirations of the new Aquilano.Rimondi SS 2018 collection,” said cocreative directors Tommaso Aquilano and Roberto Rimondi. #wwdfashion #mfw #ss18