Richemont, STOXX Europe 600

Europe markets close higher; Richemont up 16% on quarterly results, boosting luxury sector
Luxury sector bellwether Richemont jumped 16% after reporting a better-than-expected 10% increase in fiscal third-quarter sales, while France's LVMH, Kering and Christian Dior all rising. Retailers Moncler, Burberry, Swatch and Hermes also crowded around the top of the Stoxx index.
European Stocks Gain as Richemont’s Sales Jump Lifts Luxury
European stocks rose to the highest level in over a month on Thursday, lifted by the luxury and technology sectors as a double-digit jump in Richemont’s sales and an upbeat outlook by Taiwan Semiconductor Manufacturing Co.
European equities rise overall as TSMC guides strong and Richemont gives luxury stocks a surge
- Canada's response to US trade policies includes C$150B in retaliatory tariffs, escalating tensions. Simultaneously, there's discussion in the US about safeguarding TikTok's presence in the country, with new developments expected post-Trump's inauguration.
Cartier Owner Richemont Posts Highest Ever Quarterly Sales Despite Luxury Downturn
Richemont reported better-than-expected sales, up 10% compared with the prior-year period, in the midst of a downward trend in demand for luxury goods that is weighing on most high-end brands.
Cartier Owner Richemont’s Sales Jump in Sign of Luxury Rebound
Richemont sales unexpectedly jumped by double digits during the holiday shopping season as consumers splurged on Cartier jewelry, a sign of recovering demand for luxury goods.
devdiscourse2d
Global Markets Rally Amid Inflation Relief and Strong Earnings
Global stock markets surged following reports of easing U.S. inflation, bolstering hopes for Federal Reserve interest rate ...
InvestmentNews2d
Stocks rise as cooling inflation boosts Fed cut bets
The gains came after data showed US core inflation came in at 0.2%, marking the first step down in six months and ...
Hosted on MSN2d
Wall Street rally loses steam as European luxury shares advance
Wall Street equities finished lower Thursday following a mixed US retail sales report, while European luxury stocks pushed ...
devdiscourse2d
FTSE 100 Soars Amid Cooling Inflation and Upbeat Earnings
Britain's FTSE 100 reached an eight-month high with support from positive earnings reports and signs of easing inflation.
Lewiston Tribune1h
Shoppers wrap up 2024 in a spending mood
Given the challenging environment, there have been clear winners and losers. Research and data firm Coresight Research tabulated 7,327 store closures last year, nearly 58% more than in 2023. And it ...
Fed Quits Global Climate Risk Group Ahead of Trump Presidency
The central bank said it had decided to leave the network after the group’s work “increasingly broadened in scope.” ...
Meet Trump’s leading pick to oversee Wall Street regulation at the Fed
Donald Trump is expected to elevate Michelle Bowman, a fifth-generation community banker and current Fed governor, as the ...