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Porsche hit as Trump's VP choice heightens China worries

BUZZ-Porsche hit as Trump's VP choice heightens China worries ** Porsche AG P911_p.DE down as much as 5.7% on growing concerns over its exposure to China, after former U.S. President Donald Trump picks Ohio Senator J.D. Vance as his running mate ** "JD is known as China hardliner" notes one trader. Another dealer says a harder U.S. stance over China won't help the world's No.
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Powell stirs rate hopes, Trump trade cools

MORNING BID AMERICAS-Powell stirs rate hopes, Trump trade cools A look at the day ahead in U.S. and global markets from Mike Dolan After a jarring Monday that spurred a wave of U.S. election trades, world markets zeroed in Federal Reserve easing hopes, China's economic stumble and the unfolding earnings season. The appearance former President Donald Trump at the Republican party convention after Saturday's failed attempt on his life underscored speculation the attempted assassination now boosts
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Nasdaq: Expect more bouts of profit taking

LIVE MARKETS-Nasdaq: Expect more bouts of profit taking STOXX 600 down 0.4% Scor, Hugo Boss warn on results Wall St futures steady 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 NASDAQ: EXPECT MORE BOUTS OF PROFIT TAKING Citi's latest look at positioning across the futures and ETF markets shows Wall Street bulls remain in control.
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European shares slip as lacklustre miners, luxury retailers weigh

UPDATE 1-European shares slip as lacklustre miners, luxury retailers weigh For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 down 0.5% Scor at bottom of STOXX 600 on forecast cut SEB gains after upbeat quarterly profit Updated at 0840 GMT By Shristi Achar A and Pranav Kashyap July 16 (Reuters) - European shares fell on Tuesday following weakness in metal miners and dour earnings from luxury retailer Hugo Boss, while markets also
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Lots of red

LIVE MARKETS-Lots of red STOXX 600 down 0.5% Scor, Hugo Boss warn on results Wall St futures inch lower 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 LOTS OF RED Most major industry sectors and national benchmarks are in the red after the first hour of trading on Tuesday without much positive news to point to.
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Britvic, Burberry, Prudential

EUROPE RESEARCH ROUNDUP-Britvic, Burberry, Prudential July 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Britvic, Burberry, and Prudential, on Tuesday. HIGHLIGHTS * Auction Technology Group ATG.L : RBC initiates coverage with sector perform rating; PT 540p * Britvic BVIC.L : HSBC raises target price to 1290p from 1100p * Burberry BRBY.L : JP Morgan cuts target price to 800p from 1050p * Prudential PRU.L : JP Morgan cuts target
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Prada sinks to 5-month low amid weakness in key luxury groups

BUZZ-Prada sinks to 5-month low amid weakness in key luxury groups ** Shares of Italian luxury group Prada 1913.HK drop 5.6% to HK$51, lowest since Feb. 16, tracking weakness in the performance of global luxury firms ** Prada stock on track for biggest one-day pct drop since Nov. 17 if trend holds ** German fashion house Hugo Boss BOSSn.DE on Monda
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European shares slip as lacklustre miners, luxury retailers in focus

European shares slip as lacklustre miners, luxury retailers in focus For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window July 16 (Reuters) - European shares opened lower on Tuesday, pressured by weakness in metals miners, while dour earnings from luxury retailers Hugo Boss and Richemont weighed on investors' risk appetite.
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Luxury under pressure

LIVE MARKETS-Luxury under pressure 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 LUXURY UNDER PRESSURE European stocks are set for a weak open, as investors' attempts to settle on 'Trump trades', seems to mean buy the U.S. and sell the rest, while the latest signs of economic difficulties in China aren't helping the luxury names either.
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Hugo Boss drops after sales guidance cut

BUZZ-Hugo Boss drops after sales guidance cut ** Shares in Hugo Boss BOSSn.DE fall over 7% in early Frankfurt trade after the German fashion house cut its 2024 sales guidance, citing weaker demand especially in China and the UK ** Hugo Boss now expects its sales in a range of between 4.20-4.35 billion euros compared to 4.30 billion to 4.45 billion
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Weak China demand hurts sales at luxury goods firm Richemont

UPDATE 3-Weak China demand hurts sales at luxury goods firm Richemont adds further details ZURICH, July 16 (Reuters) - Sales at Cartier-owner Richemont CFR.S were a lmost f lat in the three months through June, the luxury group said on Tuesday, with a slump in Chinese demand pushing the overall result slightly below expectations. Richemont shares were dragged down on Monday by broader woes in the sector, and the earnings figures were more robust than some market players had expected.
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Hugo Boss cuts full-year forecast on sagging China, UK demand

UPDATE 2-Hugo Boss cuts full-year forecast on sagging China, UK demand Expects FY sales at 4.20-4.35 bln euros, EBIT at 350-430 mln euros Q2 EBIT of 70 mln euros misses expectations Shares fall 10%, hitting lowest level since April 2021 Adds analyst comment in paragraph 4 and 7, shares in paragraph 6, context in paragraphs 8-9 By Gursimran Mehar and Linda Pasquini July 15 (Reuters) - German fashion house Hugo Boss BOSSn.DE cuts its sales and earnings forecasts for the year, citing weakening glob
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Hugo Boss cuts full year sales guidance

Hugo Boss cuts full year sales guidance July 15 (Reuters) - German fashion house Hugo Boss BOSSn.DE on Monday said it cut its sales guidance for the year to a range of between 4.20 billion euros ($4.58 billion) to 4.35 billion euros from a range of 4.30 billion euros to 4.45 billion euros. ($1 = 0.9179 euros) Reporting by Gursimran Kaur in Bengalur
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Hugo Boss AG Now Expects FY Group Sales To Increase By 1% To +4% To 4.2 Bln To 4.35 Bln Euros

BRIEF-Hugo Boss AG Now Expects FY Group Sales To Increase By 1% To +4% To 4.2 Bln To 4.35 Bln Euros July 15 (Reuters) - Hugo Boss AG BOSSn.DE : HUGO BOSS AG: NOW EXPECTS FY GROUP SALES TO INCREASE BY +1% TO +4% IN GROUP CURRENCY TO AN AMOUNT OF AROUND EUR 4.20 BILLION TO EUR 4.35 BILLION HUGO BOSS AG: HUGO BOSS ANNOUNCES PRELIMINARY SECOND QUARTER
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European stocks fall, luxury names slide

LIVE MARKETS-European stocks fall, luxury names slide STOXX 600 down 0.4% Burberry, Swatch results weigh on luxury names China growth slows Wall St futures edge up 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 EUROPEAN STOCKS FALL, LUXURY NAMES SLIDE European equity markets are mostly lower on Monday, led by a slide in luxury names after disappointing trading updates from Burbe
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Don't bank on earnings to boost luxury names

LIVE MARKETS-Don't bank on earnings to boost luxury names STOXX 600 +0.3%, 1-mth high SMI at more than 2-year peak Energy stocks lead Wall St futures steady 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 DON'T BANK ON EARNINGS TO BOOST LUXURY NAMES Europe's luxury sector .STXLUXP has struggled to find a constructive catalyst in recent months and analysts at JPMorgan think the up
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JPM sees European luxury sector staying soft in Q2

BUZZ-JPM sees European luxury sector staying soft in Q2 ** J.P.Morgan expects Q2/H1 results to confirm relatively soft trends for the European luxury sector, broadly in line with Q1 ** Broker sees muted growth, margins under pressure for most players except for Italian luxury puffer jacket maker Moncler MONC.MI thanks to its different timings of ma
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Frasers Group PLC Increases Investment In Hugo Boss

BRIEF-Frasers Group PLC Increases Investment In Hugo Boss July 10 (Reuters) - Frasers Group PLC FRAS.L : FRASERS GROUP PLC - HUGO BOSS INVESTMENT FRASERS GROUP PLC - INCREASES INVESTMENT IN HUGO BOSS FRASERS GROUP PLC - HOLDS 13.81% OF HUGO BOSS VIA SALE OF PUT OPTIONS FRASERS: HOLDS 7.99% OF HUGO BOSS IN SHARES OF COMMON STOCK FRASERS: CO'S MAXIMU
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Morgan Stanley cuts Hugo Boss to 'equal-weight' on subdued demand backdrop

BUZZ-Morgan Stanley cuts Hugo Boss to 'equal-weight' on subdued demand backdrop ** Morgan Stanley cuts German fashion house Hugo Boss BOSSn.DE to "equal-weight" from "overweight", citing demand backdrop to remain subdued ** MS does not expect Hugo Boss to be immune as it expects the difficult demand backdrop to weigh on the company's B&M retail sal
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Alfa Laval, Ferrari NV, Swedbank

EUROPE RESEARCH ROUNDUP-Alfa Laval, Ferrari NV, Swedbank July 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alfa Laval, Ferrari NV and Swedbank, on Tuesday. HIGHLIGHTS * Alfa Laval ALFA.ST : JP Morgan raises target price to SEK 390 from SEK 385 * Ferrari NV RACE.MI : HSBC raises target price to EUR 385 from EUR 368 * Harworth Group Plc HWG.L : Peel Hunt raises target price to 195p from 165p * Moonpig Group MOONM.L : HSBC raises
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