LONDON — European markets were down during mid-morning trading on Monday, as investors awaited data on U.S. durable-goods orders.
The FTSE MIB in Milan lost 1.7 percent to 17,050.01, Paris' CAC 40 dropped 0.6 percent to 4,053.56, and Frankfurt's DAX shrank 0.3 percent to 8,391.98. The London stock exchange was closed due to a bank holiday.
The euro was trading at $1.31 against the dollar, and the Swedish krona was worth $0.15 at 11 a.m. CET.
Retail and luxury stocks were mostly down, with those stocks losing the most ground including Yoox, down 3.2 percent to 23.71 euros; and Tods, 1.7 percent to 139.70 euros. Hermès and Ferragamo both lost 1.7 percent, to 253.50 euros and 25.01 euros respectively.
Hennes & Mauritz gained 0.3 percent to 243.40 Swedish krona.
A room full of toiles at the haute couture atelier in the Dior exhibition at Les Arts Décoratifs, open in Paris since July 5. This is just one of three major exhibitions that have been timed to coincide with the house's 70th anniversary. See the rest of the exhibits, plus read WWD's look into the iconic brand's history. Link in bio. #wwdfashion (📷: @dominiquemaitre)
For spring, Pamplemousse's Danica Zheng presented her signature slip dresses attached to a white T-shirt along with floral windbreakers, off-the-shoulder cotton blouses and more. For more highlights from the New York trade shows, go to WWD.com. #wwdfashion
The Green Carpet Fashion Awards closed out Milan Fashion Week yesterday. The fashion industry flocked to the event, showing its efforts to support and spread the message of sustainability. Supermodel Gisele Bündchen said "if each one of us took at least one step is this direction, there is no saying how much could be done." #wwdeye #wwdfashion #mfw (📷: Lodovico Colli di Felizzano)
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)