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Global Indexes Rise

Europe and U.S. stocks rose on data indicating stronger-than-expected economic growth in the U.S.

Despite geopolitical concerns over Syria, the major global indexes ended their trading sessions up on Thursday.


The Nikkei 225 in Tokyo was up 0.9 percent to 121.25, while the Hang Seng Index in Hong Kong rose 0.8 percent to 21,704.78.


Europe’s markets closed up following data that showed the U.S. economy grew faster than forecast in the second quarter and a drop in jobless claims beat estimates. The FTSE MIB in Milan grew 1 percent to 16,905.15, London’s FTSE 100 gained 0.8 percent to 6,483.05, Paris’ CAC 40 increased 0.7 percent to 3,986.35 and the DAX in Frankfurt climbed 0.5 percent to 8,194.55.


Retail and luxury stocks were mostly up, with the day’s strongest performers including Carrefour, the world’s second-largest retailer behind Wal-Mart Stores Inc., which was up 5.6 percent to 24.06 euros. Ferragamo jumped 5.5 percent to 25.39 euros after it posted a first-half net profit increase of 81 percent to 81 million euros, or $106.1 million, compared with 45 million euros, or $58 million, in the same period last year.


Yoox was up 5.5 percent to 23.73 euros.


Among the stocks losing ground were Asos and Burberry, which both lost 1 percent, to 47.58 pounds and 15.30 pounds, respectively.


In the U.S., the Dow Jones Industrial Average inched up 0.1 percent to 14,840.95, while the S&P 500 Retailing Industry Group rose 0.4 percent to 814.38.


Among the firms that showed gains were Guess Inc., which rose 12.9 percent to $30.82; Pacific Sunwear of California Inc., up 10.7 percent to $3.92, and Zale Corp., up 7.5 percent to $12.50.


Among the few losers in Thursday’s Big Board trading were Signet Jewelers Ltd., down 4.1 percent to $67.00, and J.C. Penney Co. Inc., down 2.8 percent to $12.40.