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Global Markets Mostly Flat

Retail and luxury stocks were mostly up in mid-morning trading.

Global equity markets barely budged on Thursday, with the major indices in the U.S. and Asia up slightly in their trading sessions as their European counterparts were broadly flat at the close of trading.

Tokyo’s Nikkei 225 rose 1.1 percent to 9,055.20, while Hong Kong’s Hang Seng Index inched up 0.2 percent to 21,810.23.

The FTSE 100 in London was flat at 5,805.05, followed by the DAX in Frankfurt, which was up 0.1 percent to 7,200.23. The CAC 40 in Paris sank 0.4 percent to 3,411.53, while the FTSE MIB in Milan was down 1.1 percent to 15,528.47.

Retail and luxury stocks put on a mixed show, with the day’s biggest decliners including Asos.com, which dropped 6.6 percent to 23.28 pounds, despite posting financial results earlier in the day in line with market expectations.

The online fashion retailer reported a double-digit rise in revenues in the five months to Aug. 31, and more than trebled its profits. PPR, which reported double-digit revenue growth in its third quarter, saw its stock fall 1.1 percent to 130.90 euros.

Among the stocks that gained ground were Ferragamo, which was up 2.2 percent to 15.52 euros, and Unilever, which advanced 3.1 percent to 28.60 euros after posting a double-digit rise in third-quarter revenues. Yoox was also among the risers, climbing 1.3 percent to 11.56 euros, while Tod’s was up 1.5 percent to 88.25 euros.

In the U.S., the Dow Jones Industrial Average gained 0.2 percent to 13,103.68, while the S&P 500 Retail Index fell 0.4 percent to 538.93.

Christopher & Banks Corp. fell 4.7 percent to $3.23, while teen retail chain Pacific Sunwear of California Inc. dropped 4.4 percent to $1.73. Among the gainers, specialty store Citi Trends rose 4.9 percent to $12.35 while Signet Jewelers Ltd. was up 3.1 percent to $51.71.