Morgan Stanley (NYSE:MS) reiterated its Overweight rating on LVMH Moet Hennessy Louis Vuitton SE (MC:FP) (OTC: OTC:LVMUY), accompanied by a steady price target of EUR820.00. The reiteration came after LVMH reported its fourth-quarter sales,
Deutsche Bank analyst Adam Cochrane maintained a Buy rating on Compagnie Financiere Richemont SA (CFR – Research Report) today and set a price
In a report released today, Zuzanna Pusz from UBS maintained a Buy rating on Compagnie Financiere Richemont SA (CFR – Research Report), with a
Bank of America and Morgan Stanley are due to report earnings. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Bank of America and Morgan Stanley are due to report earnings. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
LVMH has made a good start to 2025, CEO Bernard Arnault said on Tuesday, after the luxury conglomerate posted a slight rise in fourth-quarter sales, though analysts cautioned it may still fall short of heightened market expectations after recent share gains.
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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.
The gains came after data showed US core inflation came in at 0.2%, marking the first step down in six months and reinvigorating some bets that the Federal Reserve will lower interest rates further this year. Ten-year Treasury yields, which slid 10 basis points after the data, held steady on Thursday.
Piazza Affari slows down in the final and closes with a +0,4%, despite Moncler's jump. European luxury exploits after Richemont's accounts (+15%). Paris takes the pink jersey with Lvmh and Hermès. Wal
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 , the world's largest contract chipmaker, logged a record quarterly profit and said it expects hefty first-quarter revenue growth.
- 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.