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Global Indices Little Changed

Largely solid U.S. Comps have minimal positive impact on overall market.

It was generally a good trading day for the global indices.

In the U.S., the trading sessions ended mixed as the Dow Jones industrial Average rose 0.2 percent to 16,550.97. The S&P 500 Retailing Industry Group was essentially flat at down 0.02 percent to 837.08, even though retailers reporting monthly comparable-store figures for the most part pulled in some sales in April that they lost in March.

Teen retailer Zumiez Inc. was the day’s biggest gainer, up 11 percent to $27.54. L Brands Inc. rose 4.8 percent to $55.93, while Cato Corp. rounded out the top three, up 3.8 percent to $28.75.

Among the day’s top three retail losers was Cache Inc., down 16 percent to $1.95. Quiksilver Inc. was down 2.9 percent to $6.34 and the Bon-Ton Stores Inc. fell 2.3 percent to $10.21.

In Europe, the stock markets edged up at the close of trading, with the FTSE MIB in Milan leading the way.

The Italian market was up 2.3 percent to 21,729.64, followed by the CAC 40 in Paris, 1.4 percent to 4,507.24, and the DAX in Frankfurt, 0.9 percent to 9,607.40. The FTSE 100 in London advanced 0.6 percent to 6,839.25.

The euro traded at $1.39, while the pound fetched $1.70 and the Swiss franc equaled $1.14.
        
Retail and luxury stocks were also on the upswing, with the day’s biggest gainers including Aeffe, which earlier this week sought to quash rumors that it was the target of a takeover. The stock climbed 18.4 percent to 1.26 euros, notwithstanding Aeffe’s protestations that it is not looking for investors.
 
French Connection Group advanced 2.2 percent to 0.92 pounds; Marks & Spencer Group, 2.8 percent to 4.49 pounds; Metro AG, 2.7 percent to 28.91 euros following its report of widening losses in the second quarter; and LVMH Moet Hennessy Louis Vuitton, 1.9 percent to 142.70 euros.