Thursday, February 13, 2025
3.1 C
Brussels

Luxury goods stocks propel France’s Cac 40 to record high


Unlock the Editor’s Digest for free

Luxury goods companies lifted European stocks to multiyear highs on Friday after LVMH reported resilient fourth-quarter sales, boosting investors’ hopes that the sector can weather an economic downturn.

France’s luxury-heavy Cac 40 rose 2.3 per cent to a fresh all-time high, while London’s FTSE 100 added 1.4 per cent. The region-wide Stoxx Europe 600 rose 1.1 per cent to its highest level since January 2022.

LVMH shares rose 12.8 per cent after it said turnover…



Source link

Hot this week

Most Popular

Quality of life indicators – overall experience of life

EU citizens were rather satisfied with their lives...

Orbán’s new right-wing group hits EU parliament threshold – Euractiv

Hungarian premier Viktor Orbán’s fledgling political movement attracted...

Elon Musk’s X accused of breaching content rules by EU

Image source, Getty ImagesArticle informationAuthor, Faarea MasudRole, ...

Related Articles

Popular Categories