1222 GMT - Donald Trump's win in the U.S. elections could prompt several tailwinds for the luxury sector, UBS analysts write in a research note. Possible positive impacts include lower taxes and associated wealth effect, they say. This, together with a potential rally in the U.S. stock market, which has historically been the most influential factor for luxury-goods demand in the country, could improve consumer sentiment in the U.S. and support organic sales growth in 2025, the analysts add. Shares in LVMH, Hermes, Moncler and Richemont jump more than 2%. Hugo Boss, Burberry and Kering trade more than 4% higher. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
November 07, 2024 07:22 ET (12:22 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。