LVMH stock falls on slumping luxury sales in China
LVMH Moët Hennessy Louis Vuitton said a slowdown in Chinese spending had hit its third quarter sales View Source MarketWatch.com – Top Stories October 16,…
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Base Metal Prices Rise, Recouping Some Losses From China Stimulus Disappointment
Base metals rebounded after several consecutive sessions of losses, but investors are losing confidence in China’s earning measures, recognizin…
Investors develop an allergy to GRANOLAS after ASML, LVMH downturns
Europe’s answer to the Magnificent Seven is leaving much to be desired after two of the Continent’s biggest companies, ASML Holding and LVMH Moet Hennessy,…
British pound and bond yields dive as U.K. inflation hits lowest in more than three years
Traders boost rate cut bets after U.K. inflation dives below 2% View Source MarketWatch.com – Top Stories October 16, 2024 1:18 am
Chinese Shares End Mostly Lower; Hardware Names Lead Declines
Chinese benchmarks ended mostly lower, dragged down by tech hardware stocks, as investors awaited another key briefing to be held by authorities,…
Gold Futures Rise to Near-Record Highs, Attracting More Buyers
Gold was higher in London trade, attracting increasing buying flows, and momentum could easily build, though the reasoning behind the rally isn�…
Oil Regains Some Ground After Sharp Fall
Oil prices edged higher in Europe with traders awaiting more clarity over China’s fiscal policy and further developments on the geopolitical fr…
Dollar Could Rise Further Ahead of U.S. Election
The dollar rose to a two-month high and could rise further as the U.S. presidential election approaches due to risk of a Donald Trump victory lea…
German Bund Yields to Fall on Weakening Eurozone Growth, Inflation Outlook
The market pricing of the ECB’s terminal deposit rate just below 2% is too high, and with an increasing number of investors sharing this view, …
Sterling Falls After U.K. Inflation Data
Sterling hit a one-month low against the dollar after U.K. inflation data came in lower than expected, supporting the case for further BOE intere…