By  on July 14, 2014

WWD Global Stock Tracker began the week with a 0.3 percent increase to 99.54.

Quiksilver Inc. logged the biggest increase, rising 3.3 percent to $3.41, expanding on the cushion it’s built since hitting a 52-week low of $3.13 on June 3.

Japan’s Shiseido Co. was next among those with gains in the group of 100 in the global fashion world. Shares gained 2.8 percent to 1,917 yen, or $18.91 at current exchange.

Coming off the attention focused on it by the just completed World Cup competition in Brazil, Adidas gained 2.7 percent to close at 73.48 euros, or $100, followed by American Apparel Inc., up another 2.5 percent to $1.21.

Germany emerged victorious in the World Cup competition, beating Argentina 1-0, and Germany’s Adidas reported strong sales of a new German football shirt bearing four stars — one each for Germany’s four World Cup victories — and selling for 84.95 euros, or $116.94, according to Reuters.

After disclosing plans to realign its financing to extend maturities and take advantage of favorable conditions in the credit markets, Abercrombie & Fitch Co. shares were up 0.4 percent to $41.46.

Equities on the losing side included Michael Kors Holdings Ltd., down 3.5 percent to $85.67; Lululemon Athletica Inc, down 3.2 percent to $38.87; Li Ning Co., down 2.7 percent to 5.32 Hong Kong dollars, or 69 cents, and Anta Sports Products Ltd., down 2 percent to 12.46 Hong Kong dollars, or $1.61.

The positive performance by the WWD Global Stock Tracker came on a day when markets in North America, Europe and Asia registered increases.

In New York, the Dow Jones Industrial Average was up 0.7 percent to $17,055.42, pulling up above the 17,000 milestone after hitting an all-time high of 17,088.43 in midday trading. European markets were led by the DAX in Frankfurt, up 1.2 percent to 9,783, while Shanghai’s SSE Composite Index rose 1 percent to 2,066.65.

 

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