Reported about 10 hours ago
Luxury stocks in Europe have shown a recent resurgence, boosted by speculation of increased consumer spending due to China's economic stimulus and potential U.S. growth under Trump. However, the upcoming earnings reports from major players like Richemont and LVMH will be crucial for confirming this optimism. Analysts are hoping for signs that the luxury market is recovering, despite ongoing challenges in China's property market and increased costs. The outcomes of these reports will be vital in determining if the luxury sector can sustain its revival.
Source: YAHOO