European Luxury Stocks Extend Gains on China Hopes -- Market Talk

Dow Jones

2024-09-27

0934 GMT - European Luxury companies rise in morning trading Friday, extending a stretch of gains this weeks on news of economic stimulus measures in China, a key market for the industry. In France, Kering shares trade more than 5% higher, leading the country's CAC 40 index, followed by LVMH trading up more than 2%. Meanwile, Italy's Moncler trades 10% higher, while Hong Kong-listed Prada closed up 6.8%. Ferragamo trades more than 5% higher. In the U.K., Burberry is trading up more than 6%. Swiss companies Richemont and Swatch both trade more than 2% higher. The gains come after China unveiled this week a stimulus package to boost its economy. (pierre.bertrand@wsj.com)

(END) Dow Jones Newswires

September 27, 2024 05:34 ET (09:34 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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