US EditionLvmh Returns Its Breath to the Luxury Sector with an Unexpected Improvement in Its Sales and a 'Studón' on the Stock Market
6 Articles
6 Articles
The CAC 40 and the ETFs on shares of the Paris Stock Exchange have climbed for a week, against the backdrop of political accalmie in France, of hopes of recovery of luxury (following the good results of LVMH) and of hopes of lower rates. But the shutdown and customs duties will lead to growth.
In Brussels, the Bel20 index finished up by 0.60%. ...
The shares of LVMH peaked in almost a quarter of a century after the owner of Louis Vuitton and Christian Dior unexpectedly recorded a growth in sales, suggesting that the fall in demand for luxury goods is beginning to moderate. The shares rose to 14% in Paris, the largest intraday increase since September 2001. LVMH, considered a key barometer of the sector, also pushed other luxury actions across Europe and beyond.
The action of the French luxury group jumped by more than 12% this Wednesday morning, driven by better than expected financial results.
The EuroStoxx50 increases by 0.95% on Wednesday to 5.605.03 points.
The luxury giant offers a spectacular stock market rebound after the publication of its figures for the third quarter and brings in its wake the other values of the sector and even all the Parisian index.
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