As 2013 draws almost to a close, most major global indices ended their trading sessions on a down note. One exception was the Dow Jones Industrial Average in the U.S., which rose nearly 0.2 percent to 16,504.29. The S&P Retailing Industry Group followed the trend of Europe’s majors indices, dipping slightly by 0.01 percent to 934.07.
Among the top gainers in the U.S. were Express Inc., up 3.7 percent to $18.87; Sears Holdings Corp., which rose 3.3 percent to $47.70, and The Wet Seal Inc., which gained 2.7 percent to $2.64. Christopher & Banks Corp. was the top loser on the retail front, down 2.6 percent to $8.64.
In Europe, the DAX in Frankfurt fell 0.4 percent to 9,552.16, while the FTSE 100 in London slipped 0.3 percent to 6,731.27. The CAC 40 in Paris was down 0.1 percent to 4,275.71, while the FTSE MIB in Milan managed to edge up 0.1 percent to 18,967.71.
Retail stocks led the falls in London — among the FTSE 100’s top five worst performing stocks were Marks & Spencer, down 1.7 percent to 4.42 pounds; Sainsbury, the supermarket chain, down 1.9 percent to 3.71 pounds, and Sports Direct International, the activewear retailer, down 1.6 percent to 7.17 pounds.
Luxury stocks performed better in the day’s trading. Aeffe gained 5 percent to 0.7 euros, while Moncler surged 7.1 percent to 15.80 euros. Prada gained 1.9 percent to 69.80 Hong Kong dollars and Mulberry Group rose 2.1 percent to 9.80 pounds.
Swatch Group ended the day down 0.3 percent to 100.40 Swiss francs, recovering from deeper losses earlier in the day, as investors reacted to news of a fire that destroyed the workshop at ETA Manufacture Horlogère, a Swiss Swatch company that manufactures watch movements.
The euro traded for $1.37 Monday, while the pound traded for $1.65, the Hong Kong dollar for $0.13 and the Swiss franc for $1.12.
The down note in Europe was in contrast to the gains earlier in the day in Asia, which saw the Nikkei 225 in Tokyo rise 0.7 percent to 16,291.31, and the Hang Seng Index in Hong Kong up 0.01 percent to 23,244.87.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)