LONDON — Europe’s indices all gained ground in trading Friday morning.
The CAC 40 in Paris climbed 1.8 percent to 4,215.92, followed by the FTSE MIB in Milan, up 1.7 percent to 19,517.15.
The DAX in Frankfurt rose 1.6 percent to 9,260.40, while the FTSE 100 in London was up 1.1 percent to 6,533.87.
The rises came as investors cheered the Bank of Japan’s decision earlier today to extend its stimulus program.
A number of fashion and luxury stocks followed the markets’ positive trajectory.
Risers included Hermès, 1.3 percent to 247.15 euros; Inditex, 1.9 percent to 22.21 euros; Richemont, 1.6 percent to 80.90 Swiss francs; and L’Oréal, 1.4 percent to 123.90 euros.
But there were some fallers, among them Super Group, the parent company of the clothing firm Superdry, which slumped 7.9 percent to 8.15 pounds. The British firm is yet another to have been affected by the U.K.’s unseasonably warm fall. In a Q2 and H1 trading update Friday – released ahead of schedule – Supergroup said that the warm weather has meant “a high degree of uncertainty around the future performance of the [fall/winter] range, particularly outerwear, which is a significant part of the Superdry product mix.”
As a result, the company lowered its full-year profit to guidance to between 60 million and 65 million pounds, or between $96 million and $104 million. The company said its same-store sales in Q2 fell 4.2 percent, while its wholesale sales fell 3.7 percent. Overall group sales for the quarter rose 4.5 percent to 122.3 million pounds, or $200.5 million.
Others in the sector that fell included The Mysale Group, 1.8 percent to 1.92 pounds; Bonmarché Holding, 1.3 percent to 2.65 pounds; and Koovs, 2.6 percent to 1.27 pounds.
At 11:00 a.m. CET, the pound changed hands for $.160, while the euro traded for $1.26 and the Swiss franc for $1.05.