1057 GMT - Luxury sector faces an uncertain backdrop, which will be a drag on spending on high-end goods and sentiment for the remainder of 2025, Deutsche Bank analysts write in a note. A weak performance of stock markets globally coupled with the broader economic uncertainty will weigh on consumer confidence, analysts say. This is likely to postpone a recovery in luxury demand, they say. Furthermore, the potential trade war between the U.S. and China might create further headwinds for the two largest global economies and regions of luxury growth, Deutsche says. The German bank upgrades Hermes to buy from hold due to its brand strength in a challenging environment for the overall sector, but downgrades Kering and Richemont to hold from buy. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
April 09, 2025 06:57 ET (10:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。