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European Luxury Stocks Drop
European Luxury Stocks Drop After LVMH Tempers Enthusiasm for Sector Rebound
Shares slumped on industry bellwether LVMH failing to meet the bar set by rivals in recent weeks, denting hopes of a recovery in the sector.
CAC 40 Drifts Lower As Luxury Stocks Drop After LVMH Reports Drop In Earnings
French stocks are down in negative territory Wednesday morning, weighed down by losses in the luxury sector as industry major LVMH's
Luxury goods groups drive European stocks to highest level in a month
European stocks rose to hit their highest level in a month on Thursday as heavyweight luxury companies were boosted by buoyant sales from Swiss group Richemont. The broad-based Stoxx 600 index rose 0.
LVMH earnings highlight uneven recovery in the luxury goods sector
LVMH posted subdued quarterly results due to continued weakness in the fashion and leather goods segment. The results slightly exceeded analysts' estimates for overall performance. View on euronews
European shares hit record high
European Shares Hit Record High as ASML Lifts Tech Stocks After Robust Earnings
Shares of ASML jumped 10.6% after the Dutch company reported better-than-expected fourth-quarter bookings of 7.088 billion euros ($7.39 billion). Its peers ASM International, BE Semiconductor and Infineon gained between 2.7% and 7.5%. Technology was the top winning sector, soaring 4.5%.
European Shares Hit Record High With ASML Boosting Gains
European stocks reached a fresh record high as ASML Holding NV’s strong earnings supported the sentiment after this week’s tech jitters.
Tech reboot lifts European stocks to record high ahead of Fed meeting
World markets were suddenly looking calmer on Wednesday as the week’s rollercoaster ride for stock markets morphed into wait-and-see ahead of the Federal Reserve’s first rate meeting of the year and results from Microsoft,
12d
on MSN
European luxury stocks rally as Richemont posts record quarterly sales
Richemont reported strong quarterly results, driven by festival sales, despite ongoing weak demand in China. The robust ...
7h
Can luxury stocks sustain growth amid economic headwinds?
Luxury stocks face volatility despite LVMH’s 1% sales rise. Kering and Hermes saw share declines, while Richemont and ...
13d
European Luxury Stocks Rise After Cartier Owner Richemont Beats Expectations
Shares in European luxury companies rose after the Swiss luxury group reported sales that surpassed analysts’ projections, ...
13d
Luxury firms, chipmakers lift Europe's STOXX 600 to five-week high
European shares rose nearly 1% on Thursday, with luxury stocks boosted by Richemont's upbeat earnings update and ...
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