Most global stock indices ended Wednesday’s trading sessions up.
Tokyo’s Nikkei 225 was one of the few indices that fell, closing down 0.5 percent to 8,746.87. Hong Kong’s Hang Seng Index rose 0.2 percent to 20,888.28.
European stock markets closed on a more optimistic note than they began on Wednesday. The FTSE 100 rose 0.3 percent to 5,825.81. In Milan, the FTSE MIB advanced 0.3 percent to 15,535.09 and, in Frankfurt, the DAX grew 0.2 percent to 7,322.08. The CAC 40 in Paris dropped 0.2 percent to 3,406. 02.
Markets were responding to positive employment data from the U.S. The ADP jobs report showed private payrolls expanded by 162,000 in September, more than the 153,000 reportedly expected by analysts.
It was a mixed afternoon for luxury and retail stocks. British supermarket chain Tesco fell 2.6 percent to 3.28 pounds, or $5.27 at current exchange, as it reported a drop in first-half profit as a result of a challenging global economic environment. It was the first decrease in profits in almost 20 years.
Other brands that lost ground included Swatch Group, down 2.1 percent to 65.75 Swiss francs, or $70.01; LVMH Moët Hennessy Louis Vuitton, 1.6 percent to 118.85 euros, or $153.29, and Compagnie Financière Richemont, 1.2 percent to 57.95 Swiss francs, or $61.71.
On the rise were Brunello Cucinelli, up 4.2 percent to 14.41 euros, or $18.59; Mulberry, 2.5 percent to 12.30 pounds, or $19.77, and Yoox, 1.1 percent to 10.30 euros, or $13.30.
In the U.S., the Dow Jones Industrial Average rose 0.1 percent to 13,494.61. The S&P Retail Index gained 1.3 percent to 662.71.
One of the day’s top gainers was The Bon-Ton Stores Inc., rising 7.6 percent to $11.96. Other retail shares that rose include American Eagle Outfitters Inc., climbing 4 percent to $21.85; Kohl’s Corp., up 2.6 percent to $52.24, and Macy’s Inc., which rose 2.1 percent to $39.49. Many retailers report September same-store sales results Thursday.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion