Lates News

European luxury stocks rose, with Bank of America analysts predicting a 3% increase in third quarter revenue for 2025 compared to the previous quarter, mainly due to base effects. The Goldman Sachs Luxury Stock Basket Index rose by 2.4% to its highest level since May. The increase was driven by industry heavyweight stocks such as Richemont (+2.7%), LVMH (+3.8%), and Hermes (+2.51%) leading the way. Kering Group (+3.4%) and Swatch Group (+3.1%) also rose simultaneously.