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Bernstein sees more moderate luxury growth in 2025

BUZZ-Bernstein sees more moderate luxury growth in 2025 ** The luxury goods industry faces moderate spending growth in China next year , Bernstein says, projecting 5% to 7% top-line growth for the sector, skewed towards the second half of 2025 ** Among positive factors, Bernstein notes favourable economic conditions such as global rate cuts and supportive Chinese economic policies ** It however sees that potential new import duties to the U.S.
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Shell, Besi, AstraZeneca in Barclays' 14 high conviction European stock ideas

LIVE MARKETS- Shell, Besi, AstraZeneca in Barclays' 14 high conviction European stock ideas STOXX 600 down 0.45% Miners up; real estate, tech fall BOJ keeps Dec rate hike on table US futures edge up after Friday drop Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com SHELL, BESI, ASTRAZENECA IN BARCLAYS' 14 HIGH CONVICTION EUROPEAN STOCK IDEAS A regime change for the global economy
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Will America make luxury great again?

LIVE MARKETS-Will America make luxury great again? STOXX 600 down 0.2% Miners up; real estate, tech fall BOJ keeps Dec rate hike on table US futures edge up after Friday drop Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com WILL AMERICA MAKE LUXURY GREAT AGAIN?
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European luxury stocks fall on fears of US tariffs

UPDATE 1-BUZZ-European luxury stocks fall on fears of US tariffs Updates share moves ** Shares in European luxury stocks slide as the risk of protective U.S. tariffs add pressure on the struggling market ** European benchmark luxury price index .STXLUXP e xtends losses, now down 3.7 %, paring losses after falling as much as 4.1% * * Index on track for its worst day since July 2023, when it closed 4.3% lower * * Kering PRTP.PA among the top fallers, now down 5.7 % after falling as much as 7% , to
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European luxury stocks fall on fears of US tariffs

BUZZ -European luxury stocks fall on fears of US tariffs ** Shares in European luxury stocks slide as the risk of protective U.S. tariffs add pressure on the struggling market ** European benchmark luxury price index .STXLUXP is down 1.8%, with France's Kering PRTP.PA among the top fallers, dropping 5% to its lowest price since February 2017 ** LVMH LVMH.PA and Hermes HRMS.PA also fall 2.7% and 1.6% respectively ** "Now the market is looking at the potential risks for individual sectors (from Do
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JPM sees luxury trends staying muted in Q4

BUZZ-JPM sees luxury trends staying muted in Q4 ** J.P.Morgan expects trends to remain muted for European luxury names in Q4 due to continued China softness and despite possibly better consumer confidence in the U.S. after elections ** Q3 performance was worse than feared and JPM says it expects broadly similar trends in Q4 vs Q3 ** "No one was imm
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Richemont posts H1 miss as weaker China demand weighs

BUZZ-Richemont posts H1 miss as weaker China demand weighs Updates share move and adds analyst comments, peers ** Shares in Richemont CFR.S slip around 3% after the Swiss Cartier jewellery owner posted H1 results below expectations, with a decline of 19% in Asia Pacific sales, led by China ** "Richemont reported sales growth slightly below expectat
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Temu considers joining European anti-counterfeit group

UPDATE 1-Temu considers joining European anti-counterfeit group Adds Temu comment in paragraph 4, updates user numbers in 11, adds European Commission investigation in 6 By Helen Reid LONDON, Oct 31 (Reuters) - Chinese online retailer Temu is considering joining a group of ecommerce platforms and brands that collaborate to prevent the sale of fake products online in Europe, according to a meeting agenda seen by Reuters.
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Estee Lauder pulls annual forecasts on uneven China recovery, new CEO

UPDATE 6-Estee Lauder pulls annual forecasts on uneven China recovery, new CEO Company does not expect China stimulus boost in Q2 Cuts quarterly dividend by nearly half Sees Q2 EPS of 20-35 cents vs. est of $1.06 Shares set for worst day on record, last down 19% Adds CEO comment in paragraph 5 By Ananya Mariam Rajesh Oct 31 (Reuters) - Estee Lauder EL.N shares slumped as much as 27% on Thursday, after it pulled its annual sales and profit forecasts and cut its dividend as it faces an uncertain o
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Temu considers joining European anti-counterfeit group

Temu considers joining European anti-counterfeit group By Helen Reid LONDON, Oct 31 (Reuters) - Chinese online retailer Temu is considering joining a group of ecommerce platforms and brands that collaborate to prevent the sale of fake products online in Europe, according to a meeting agenda seen by Reuters. The "Memorandum of Understanding (MoU) on the sale of counterfeit goods on the internet" is a voluntary agreement facilitated by the European Commission, and signatories include online retail
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Berenberg picks Brunello Cucinelli, Hermès and LVHM in luxury sector initiation

BUZZ-Berenberg picks Brunello Cucinelli, Hermès and LVHM in luxury sector initiation ** Berenberg starts coverage of seven European luxury goods companies, saying it favours "buy"-rated absolute and soft luxury firms Brunello Cucinelli, Hermès and LVMH, while advocating a "defensive stance" ** With the market growth set to moderate, market share
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Clariant, M6, Ucb

EUROPE RESEARCH ROUNDUP-Clariant, M6, Ucb Oct 30 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Clariant, M6, and Ucb, on Wednesday. HIGHLIGHTS * Adidas AG ADSGn.DE : Deutsche Bank raises target price to EUR 275 from EUR 270 * Clariant AG CLN.S : JP Morgan cuts target price to CHF 14 from CHF 15 * M6 MMTP.PA : JP Morgan cuts target price to EUR 13.1 from EUR 13.7 * Nel ASA NEL.OL : Morgan Stanley cuts to underweight from equal wei
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Glencore, Knaus Tabbert, LSE

EUROPE RESEARCH ROUNDUP- Glencore, Knaus Tabbert, LSE Oct 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Glencore, Knaus Tabbert and LSE, on Monday. HIGHLIGHTS * Glencore Plc GLEN.L : HSBC raises to buy from hold * Knaus Tabbert AG KTAG.DE : Jefferies cuts to hold from buy * LSE LSEG.L : RBC raises target price to 11,600p from 11,000p * Suzano SUZB3.SA : HSBC raises to buy from hold * Veolia VIE.PA : RBC initiates coverage with
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Some companies change tack in China with no recovery in sight

ANALYSIS-Some companies change tack in China with no recovery in sight Executives downbeat about China early in Q3 earnings season Property crisis, youth unemployment remain a problem Beijing has pledged stimulus, investors say may not be enough China Q3 GDP slowest since early 2023 By Bernadette Hogg, Ananya Mariam Rajesh and Helen Reid GDANSK/BENGALURU/LONDON, Oct 28 (Reuters) - Companies around the world are starting to cut prices and costs and scale back activity in China, as the world's sec
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Global shares edge higher, US yields fall as strong earnings allay election worries

GLOBAL MARKETS-Global shares edge higher, US yields fall as strong earnings allay election worries S&P 500 and Nasdaq finish higher Crude prices settle lower Sentiment helped by earnings reports Benchmark 10-year US yields retreat Dollar slips, gold rises Updates prices with U.S. market close, adds new analyst quote and oil and gold settlement By Chibuike Oguh NEW YORK, Oct 24 (Reuters) - Global shares edged higher in choppy trading on Thursday, snapping three straight sessions of losses, while
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Global shares flat, US yields fall as strong earnings allay election worries

GLOBAL MARKETS-Global shares flat, US yields fall as strong earnings allay election worries S&P 500 and Nasdaq trade higher European shares gain Sentiment helped by earnings reports Benchmark 10-year US yields retreat Dollar slips, gold rises Updates prices throughout, recasts first paragraph, adds background in paragraphs 9-16 By Chibuike Oguh NEW YORK, Oct 24 (Reuters) - Global shares were flat in choppy trading on Thursday, while U.S.
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Global shares rise, US yields fall as strong earnings allay election worries

GLOBAL MARKETS-Global shares rise, US yields fall as strong earnings allay election worries S&P 500 and Nasdaq trade higher European shares gain Sentiment helped by earnings reports Benchmark 10-year U.S. yields retreats Updates prices By Chibuike Oguh NEW YORK, Oct 24 (Reuters) - Global shares rose on Thursday, on track to snap three straight sessions of losses, while U.S.
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Stocks and US futures rebound as dollar slips

GLOBAL MARKETS-Stocks and US futures rebound as dollar slips European shares and U.S. futures rise Sentiment helped by earnings reports Dollar slips after hitting three-month high Updates prices at 1110 GMT By Harry Robertson and Stella Qiu LONDON/SYDNEY, Oct 24 (Reuters) - European shares and U.S. stock futures rallied on Thursday after equity markets suffered a sell-off the previous day, while the dollar slipped as the euro, yen and pound perked up.
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European stocks and U.S. futures rebound as dollar slips

GLOBAL MARKETS-European stocks and U.S. futures rebound as dollar slips European shares and U.S. futures rise Sentiment helped by earnings reports Dollar slips after hitting three-month high Updates at 0915 GMT By Harry Robertson and Stella Qiu LONDON/SYDNEY, Oct 24 (Reuters) - European shares and U.S. stock futures rallied on Thursday after equity markets suffered a sell-off the previous day, while the dollar slipped as the euro, yen and pound perked up.
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European shares end flat as economic woes overshadow upbeat earnings

UPDATE 2-European shares end flat as economic woes overshadow upbeat earnings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Travel and leisure tops sectoral gainers Hermes underpins mood in luxury stocks Renault rises after Q3 sales beat Edenred plummets on slight Q3 miss Updated at 1605 GMT By Paolo Laudani, Ankika Biswas and Johann M Cherian Oct 24 (Reuters) - European shares gave up early gains to close little changed on Thursday a
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