0858 GMT - Shares in European luxury companies jumped, boosted by Donald Trump's likely victory in the U.S. elections, Morningstar analyst Jelena Sokolova says. The positive reaction could be related to the perception that Trump is more pro-business, which supports the stock market and fuels luxury sentiment in the U.S., a key market for the sector, Sokolova says. "On the flip side, more tariffs on Chinese goods could be a further negative for Chinese economy, which grapples with real estate crisis and is one of the weak spots in luxury currently," she adds. LVMH, Kering, EssilorLuxottica and Richemont trade more than 3% higher, while shares in other luxury companies such as Hermes, Moncler and Burberry jump more than 2%. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
November 06, 2024 04:01 ET (09:01 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。