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LVMH, China and Luxury

The Wall Street Journal on MSN · 19h

LVMH Results Cast Cloud on Luxury Stocks

European luxury stocks fell after third-quarter results from industry bellwether LVMH dashed hopes that a sector recovery is under way and renewed concerns over the Chinese market.

Barron's · 17h

LVMH Drags Down Luxury Stocks. It's All About China.

Shares in LVMH Moët Hennessy Louis Vuitton were sliding on Wednesday after the French luxury goods maker warned that China's faltering economy is weighing on its sales numbers. In an earnings report posted after Tuesday's closing bell,

LVMH sales fall 3% as China demand for luxury goods worsens

French luxury giant LVMH reported a 3% fall in third-quarter sales on Tuesday, undershooting estimates in its first decline in quarterly sales since the pandemic as demand in China and Japan weakened,

Morgan Stanley Stock Jumps

MarketWatch · 15h

Morgan Stanley's stock surges toward a record after a big earnings beat

Morgan Stanley’s stock rallied 2.9% into record territory in recent premarket trading, after the bank and broker reported third-quarter earnings that were well above expectations. Net income rose to $3.

Wall Street Journal · 12h

Stock Market Today: Dow Edges Up; Morgan Stanley Gains on Strong Earnings

Luxury stocks fall after Louis Vuitton owner LVMH's disappointing results

Barron's on MSN · 5h

Morgan Stanley’s Bumper Earnings Powers Stock to Record High

The results cap off a series of earnings from big U.S. banks that showed investment banking businesses are humming again after high interest rates prompted an industry-wide slowdo

8hon MSN

Luxury stocks slide as LVMH disappoints and Wall Street eyes few signs of stronger China demand despite stimulus

LVMH's commentary on demand in China was a warning for luxury brands, which have relied on Chinese consumers to drive growth ...

3 Luxury Retail Stocks to Buy as High-End Spending Rebounds

The luxury retail industry’s robust growth is being fueled by the increasing dominance of high-net-worth individuals and ...

10hon MSN

European tech, luxury stocks tumble as ASML, LVMH results disappoint

Europe's STOXX 600 settled lower on Wednesday, with tech and luxury stocks hurt by disappointing results from industry ...

10hon MSN

Louis Vuitton owner LVMH sales slump on weak China demand, shaking luxury sector

The world’s largest luxury group saw its shares tumble as much as 7.5% Wednesday morning to a two-year low before ticking ...

5h

Coty’s Strategic Initiatives and Luxury Expansion Justify Buy Rating Despite Market Challenges

D.A. Davidson analyst Linda Bolton Weiser has maintained their bullish stance on COTY stock, giving a Buy rating yesterday. Linda Bolton ...

18h

AMERICAS Stocks stunned by ASML curveball, pound plunges

While banks and pharma firms dominate Wednesday's diary, reverberations from ASML's big miss knocked Wall Street (.SPX) back ...

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