European Luxury Stocks Jump on Richemont's Record Quarterly Sales
KEY TAKEAWAYS European luxury shares jumped Thursday after Cartier parent Richemont reported record quarterly sales.Richemont's results raised investor hopes that the high-end sector is recovering from the slump induced by weak Chinese demand.
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 , the world's largest contract chipmaker, logged a record quarterly profit and said it expects hefty first-quarter revenue growth.
European Stocks Surge: Luxury and Tech Lead the Way
European stocks surged on Thursday as luxury and tech sectors flourished. Richemont's strong earnings pushed luxury shares higher, with Cartier's owner seeing a 15% rise. Taiwan Semiconductor's record profit boosted the tech index.
European Stocks Gain as Richemont’s Sales Jump Lifts Luxury
European stocks rose to the highest level in over a month on Thursday, lifted by the luxury and technology sectors as a double-digit jump in Richemont’s sales and an upbeat outlook by Taiwan Semiconductor Manufacturing Co.
European Stocks Gain, Buoyed by Technology, Autos and Luxury
European stocks rose the most in over a month boosted by technology, autos and luxury shares as investors weighed Donald Trump’s tariff plans.
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.
Tech, Luxury Earnings Lift European Bourses Midday
European bourses tracked moderately higher midday Thursday after a strong sales report from a major luxury-goods house, and strong earnings release overnight from industry bellwether Taiwan Semiconductor Manufacturing.
LVMH Regains Title of Europe’s Most Valuable Stock From Novo
It’s taken LVMH nearly a year-and-a-half to wrestle back its spot as Europe’s biggest stock from Novo Nordisk A/S.
Richemont stock is surging by the most ever. Other luxury plays are jumping too.
The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales ...
Europe markets close higher; Richemont up 16% on quarterly results, boosting luxury sector
Luxury sector bellwether Richemont jumped 16% after reporting a better-than-expected 10% increase in fiscal third-quarter ...
Heard on the Street: Luxury Investors Press ‘Buy Now’ Too Early After Richemont Earnings
American shoppers seem to be snapping up luxury again, but investors should still shop carefully. [European luxury stocks rose]( ...
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Luxury Stocks Propel European Shares to New Heights
European shares saw a significant rise, bolstered by Richemont's favorable earnings and strong performance from semiconductor ...
European luxury and auto stocks climb on tariff review news
This potential change, which is less drastic than Trump's original proposal of universal tariffs of up to 20%, is seen as a ...