Luxury stocks have gotten a huge boost from China's stimulus this week
Shares of Hermes, Richemont, and LVMH soared this week on hopes China's new stimulus will lead to more spending.
China-Linked Stocks Climb on Bevy of Stimulus Measures
(Reuters) -U.S.-listed shares of Chinese firms and China-focused funds jumped on Friday and are set for another day of strong gains, aided by the latest in a line of aggressive stimulus measures to propel economic growth in the world's second-largest economy.
S&P 500 Gains and Losses Today: Casino Stocks Jump as China Stimulus Lifts Outlook
Key Takeaways The S&P 500 ticked down 0.1% on Friday, Sept. 27, 2024, as investors digested the latest inflation data revealing consumer price pressures eased in August.Dell Technologies posted the steepest loss in the index as the tech sector lost ground.
China's latest stimulus boosts emerging-market stocks to the highest level in 2 years
Emerging markets' stocks climbed to their highest since April 2022 on Tuesday after China introduced new measures to boost its sluggish economy.
London Stocks Fall as China Stimulus Boost Fades
(Reuters) - UK shares slipped on Wednesday, retracing gains from the previous session, as investors questioned whether the optimism over extensive stimulus measures in China was overdone. At 0715 GMT, the blue-chip FTSE 100 was down 0.3%.
Casino Stocks Advance Further on Optimism About China's Stimulus Moves
Key Takeaways Shares of Wynn Resorts, Las Vegas Sands, and MGM Resorts International have been lifted by China's measures to boost its economy.The steps by Beijing are expected to boost business at their casinos in Macau.
China stocks lead global surge on reports of more stimulus
China stocks led a surge in global stocks early Thursday following reports of Beijing rolling out more fiscal support measures to boost the economy.
Macau Casino owner Las Vegas Sands’ stock extends gains on China stimulus
Las Vegas Sands owns five casinos in Macau, China, which generated $1.75 billion out of a total of $2.76 billion of the company’s second-quarter revenue.
Benard Arnault added $6 billion to his net worth in a day after China's stimulus sparked a rally in luxury stocks
Bernard Arnault owns about half of LVMH, which includes luxury brands like Louis Vuitton, Dior, Tiffany & Co., and TAG Heuer, ...
Hong Kong stocks lead global surge on reports of more China stimulus measures
Hong Kong’s equity market hit a one-year high and led a surge in global stocks as the China-stimulus-induced risk-asset rally ...
S&P 500, Dow close at new highs as mining stocks rise on China stimulus boost
Wall Street's main indexes were set for a subdued open on Tuesday, as investors scoured for clues on what the Federal Reserve ...
Europe Stocks Snap Two-Day Gain as Traders Weigh China Stimulus
European stocks snapped a two-day gaining streak as investors weighed the sustainability of China’s rally on its stimulus ...
Alibaba, Tencent rally as Beijing stimulus plans push China's tech stocks to 13-month high
Chinese tech stocks including majors like Alibaba and Tencent rallied this week, pushing them to highs not seen in more than ...
London shares gain as China pledges more stimulus; oil stocks fall
UK stocks rose on Thursday, boosted by mining stocks after China's latest pledge for more policy measures fuelled optimism ...
FTSE 100 LIVE: European markets rise as China stocks post best week since 2008
The FTSE 100 (^FTSE) and European stocks were up on Friday as Chinese stocks enjoyed their best week since 2008 following a ...