European Stocks End Higher as LVMH Drives Luxury Rally

Other luxury stocks such as Hermes, Kering, Richemont and Moncler rose by between 4.7% and 7.8%. The rally is expected to ...
The Business Times

Europe: Stocks end higher as LVMH drives luxury rally

EUROPEAN stocks closed higher on Wednesday as France’s LVMH sparked a rally in luxury goods groups and eased concerns that ...

European stocks climb as LVMH drives luxury rally

European stocks rose on Wednesday as upbeat results from France's LVMH sparked a rally in luxury groups and quelled concerns ...

Bessent says he plans to present Fed chief candidates to Trump in December

U.S. Treasury Secretary Scott Bessent on Wednesday said he plans to present three or four candidates to be the next leader of ...

US banks tap Fed repo facility as overnight rates climb, signaling funding strain

U.S. banks borrowed $6.5 billion from the Federal Reserve's Standing Repo Facility (SRF) on Wednesday, central bank data showed, and repurchase rates rose, suggesting tightness in meeting funding ...

LVMH's third quarter suggests the slump in demand has bottomed - triggering a surge in luxury stocks

LVMH sales to China have demonstrated resilience after several years of decline, showing organic growth of 2% in Asia - helped, no doubt, by the launch in Shanghai of a flagship boutique called "The ...