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.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)