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.
Indexes were slightly lower Thursday. Stocks dipped after posting the best day since November on Wednesday, fueled by bank earnings and tame CPI data.
U.S. futures for the S&P 500 were up 0.4% and futures for the Dow Jones Industrial Average increased 0.1% ... Financiere Richemont rose 15.7% and Zalando added 15%. On the other hand, Safestore ...
Despite Chinese sales dropping 18%, Richemont reports 10% increase The ... which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street ...
Futures on the Dow Jones Industrial Average (DJI) are pointed firmly lower, following yesterday's 703-point pop, while S&P 500 Index (SPX) futures sit flat, and Nasdaq-100 Index (NDX) futures manage a modest gain.
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Global stock markets rallied this week amid Trump’s actions following his inauguration on Monday. European markets repeatedly hit new highs despite tariff threats, while the euro rebounded against the dollar.
European stock markets continued their climb, with the DAX repeatedly reaching new highs this week. Performance was driven by expectations of loosening monetary policy and strong corporate quarterly earnings.
MSCI's gauge of stocks across the globe rose 2.38 points, or 0.28%, to 849.68. Earlier, Europe's STOXX 600 index closed up 0.98%, with luxury stocks boosted after Cartier jewelry owner Richemont's results exceeded analysts' expectations.
On Wall Street, major indices declined after their biggest daily percentage gains since the November 6 rally post the US presidential election. The Dow Jones Industrial Average fell 68.42 points, or 0.16%, to 43,153.13; the S&P 500 dropped 12.57 points, or 0.21%, to 5,937.34; and the Nasdaq Composite lost 172.94 points, or 0.89%, to 19,338.29.
US markets finished lower on Thursday following a mixed US retail sales report, while European luxury stocks pushed higher following strong results
NEW YORK/LONDON >> MSCI’s global equities gauge rose today, while Wall Street stocks dipped and U.S. Treasury yields fell after a mixed bag of economic data and Federal Reserve officials’ comments suggested more interest rate cuts on the horizon.