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French Stocks Decline As Luxury Stocks Drag
(RTTNews) - French stocks fell sharply on Wednesday after luxury goods bellwether LVMH reported lower sales growth in the third quarter in a sign that the post-pandemic luxury boom is waning.
LVMH shares slumped 7 percent while peers Hermes and Kering fell 2-3 percent.
The benchmark CAC 40 was down 52 points, or 0.7 percent, at 7,109 after climbing around 2 percent the previous day on dovish Fed talk and reports of new Chinese stimulus.
Veolia edged up slightly on news the resource management company has bagged a contract worth over 2 billion euros in Hong Kong.
Accor S.A., a hospitality company, gained about 1 percent after launching a 400 million euros share buyback program.
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Japanese Market Notably Higher
Reversing the losses in the previous session, the Japanese market is notably higher on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,800 level, with gains in index heavyweights and financial stocks as well as a mixed performance in all other sectors.
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Indonesia Bourse Due For Consolidation On Friday
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RTTNews
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4小时30分钟前
Australian Market Modestly Higher
The Australian stock market is trading modestly higher on Friday, extending the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,900 level, with gains across most sectors led by energy and technology stocks.
RTTNews
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