Wall Street equities finished lower Thursday following a mixed US retail sales report, while European luxury stocks pushed higher following strong results from Cartier owner Richemont.
Richemont delivered stunning holiday quarter performance with luxury jewelry sales up 14%, while Signet reported holiday accessible/mass-market jewelry sales down 2%.
Global equities mostly pushed higher on Thursday as strong earnings and inflation data reassured investors. US equities had rallied on Wednesday thanks to strong bank earnings and inflation data that provided a much-needed shot of relief to investors,
In equities, the Dow Jones Industrial Average fell 68.42 points, or 0.16%, to 43,153.13, the S&P 500 fell 12.57 points, or 0.21%, to 5,937.34 and the Nasdaq Composite fell 172.94 points, or 0.89%, to 19,338.29. In contrast, MSCI's gauge of stocks across the globe rose 1.31 points, or 0.15%, to 848.61.
Early Thursday, both Bank of America and Morgan Stanley said profit more than doubled last quarter, boosted by Wall Street businesses ... robust sales update from Cartier owner Richemont.
Han Youngsoo chronicled the postwar transformation of mid-century Seoul, complicating popular depictions of that era as one solely of deprivation and hardship.
Asian markets extended a global rally Thursday after below-forecast US inflation provided a much-needed shot of relief to investors and revived hopes for interest rate cuts this year.The inflation figures tempered worries that the Federal Reserve might not cut rates this year -- or possibly even hike them -- following a blockbuster jobs report on Friday.
Richemont, owner of the Cartier brand, surged 17 per cent after ... European stocks followed Wall Street’s gains in the previous session, as investors also welcomed strong bank earnings and ...
Richemont, whose brands include Cartier and Montblanc ... is published independently from Dow Jones Newswires and The Wall Street Journal. Morningstar Research Services’ chief market strategist ...
Richemont, whose brands include Cartier and Montblanc said fiscal third ... independently from Dow Jones Newswires and The Wall Street Journal. We sell different types of products and services ...
NEW YORK/LONDON >> MSCI’s global equities gauge rose today, while Wall Street stocks dipped and U.S. Treasury yields fell after a mixed bag of economic data and Federal Reserve officials’ comments suggested more interest rate cuts on the horizon.
As the industry gathers at Paris Fashion Week, bosses are eyeing a revival in demand across the Atlantic to kick-start a recovery.