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 ...
Europe's STOXX 600 at Five-Week High as Luxury Firms, Chipmakers Jump
Rival LVMH jumped 7.8%, while a gauge of European luxury firms advanced 6.8%, set for its best day since 2022. The tech index, which houses the bulk of European chipmakers, advanced 1.4% after TSMC , ...
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 ...
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 Stocks Lift Europe's STOXX 600 to Record High; Fed in Focus
Shares of ASML jumped 10.6% after the Dutch company reported better-than-expected fourth-quarter bookings of 7.088 billion ...
Burberry shares jump 13% after better-than-expected quarterly sales
Burberry on Friday reported a shallower-than-expected dip in sales in the fiscal third quarter, in the first glimpse of fresh ...
European equities surge to 24-year highs, DAX sets new record
European stock markets continued their rally on Friday, with large-cap indices reaching levels unseen in over two decades.
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 semiconductor firms making gains after TSMC reported record quarterly profit.