Midday movers: AutoZone, Broadcom, Lowe's and more
Investing.com -- Stocks are falling as uncertainty over a resolution to the debt ceiling weighed on sentiment. Here are the market movers for May 23. AutoZone Inc (NYSE:AZO) shares fell 6.3%...
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Hermes International News & Analysis
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Luxury stocks take $30bn hit as LVMH, Hermes lead slump
The high-flying sector tumbled after Deutsche Bank AG analysts said a slowdown in the US is a growing concern.
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Birkin bag maker Hermes sees no U.S. slowdown as sales jump 23%
By Mimosa Spencer PARIS (Reuters) -Sales at Birkin bag maker Hermes rose 23% in the first quarter, above market expectations, as wealthy shoppers in China and Europe splurged on luxury...
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Dow Jones Newswires: Hermes sees sales up 23% over a year ago, driven by tourism, new stores
The French luxury fashion house, maker of Birkin handbags, booked sales of 3.38 billion euros ($3.73 billion) in the first quarter, up 23% from a year earlier.
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Jordan Stuart of Federated Hermes: Tips to navigate volatility
Jordan Stuart, a client portfolio manager at global asset manager Federated Hermes, has some tips to help investors navigate the current volatility.
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: Federated Hermes double upgraded to overweight from underweight at J.P. Morgan
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about...
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Moncler notes signs of recovery in China as annual result tops expectations
By Scott Kanowsky Investing.com -- Shares in Moncler SpA (BIT:MONC) surged by as much as 8.5% on Wednesday after the Italian fashion house reported better-than-expected annual income and...
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Hermès fourth-quarter sales top estimates amid resilient Chinese demand
By Scott Kanowsky Investing.com -- Hermès International SCA (EPA:HRMS) posted better-than-anticipated sales in the fourth quarter as demand in China remained resilient despite the...
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European stocks slump; hawkish central bank talk weighs
By Peter Nurse Investing.com - European stock markets weakened Friday, tracking the declines on Wall Street overnight on fears that central banks will continue their aggressive monetary...
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Luxury stocks rise as China marginally eases some COVID-19 restrictions
By Scott Kanowsky Investing.com -- Shares in European luxury firms moved higher after China said that it will slightly relax some of its COVID-19 rules for overseas travelers and close...
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Kering Posts Q3 Sales Rise as Strong Dollar Helps Americans Spend Big in Europe
By Scott Kanowsky Investing.com -- French luxury company Kering SA (EPA:PRTP) reported a jump in total sales during the third quarter thanks to American shoppers in Europe taking...
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Hermès Shares Rise on Q3 Sales Growth, Plans for 2023 Price Hikes
By Scott Kanowsky Investing.com -- Shares in Hermès International SCA (EPA:HRMS) climbed on Thursday after the luxury products retailer posted a sharp rise in third-quarter sales and laid...
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European Stocks Mixed; German PPI Disappoints, Ericsson Slumps
By Peter Nurse Investing.com - European stock markets traded in a mixed fashion Thursday, as investors digested quarterly corporate earnings amid continued political and economic...
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Luxury Misses Out on Market Bounce After Richemont Warns of China Woes
By Geoffrey Smith Investing.com -- Luxury stocks across Europe underperformed on Friday after Swiss-based Richemont (SIX:CFR) warned of a big hit to sales from the closure of Chinese...
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Federated Hermes Misses Q1 EPS by 6c
Federated Hermes (NYSE:FHI) reported Q1 EPS of $0.61, $0.06 worse than the analyst estimate of $0.67. Revenue for the quarter came in at $324.8 million versus the consensus estimate of...
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European Stocks Mixed; ECB Meeting, Ericsson Woes in Focus
By Peter Nurse Investing.com - European stock markets traded in a mixed fashion Thursday, with investors cautiously awaiting a key policy-setting meeting from the European Central Bank. By...
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Shares of Luxury Goods Makers Slip on Russia Export Ban
By Dhirendra Tripathi Investing.com – Stocks of European retailers such as LVMH (PA:LVMH), Kering (PA:PRTP), H&M (ST:HMb), Moncler (MI:MONC) and Hermès (PA:HRMS) were all down around 4%...
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Hermes Falls as Hand-Crafted Bags Take Time, Demand Unmet
By Dhirendra Tripathi Investing.com – Hermes stock (PA:HRMS) fell 4% in Paris trading Friday after the company’s self-imposed production caps limited its capacity to capture the waiting...
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European Stocks Edge Higher; Ukraine Diplomacy, Corporate Earnings in Focus
By Peter Nurse Investing.com - European stock markets edged higher Friday with investors digesting the news that Russia and the U.S. are set to meet next week, raising hopes that there can...
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What if Powell doesn't talk about tapering? Other possible messages
By Laura Sánchez Investing.com - This week's biggest macro event is the Jackson Hole symposium. All eyes are on Jerome Powell, president of the US Federal Reserve (Fed) and what he may say...
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Hermes International Earnings, Revenue beat In Q2
Investing.com - Hermes International (PA:HRMS) reported on Friday second quarter {{erl-6987||earnings that beat analysts' forecasts and revenue that topped expectations. Hermes...
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UPDATE 2-Solid earnings boost European stocks as ECB stands pat
* Nestle boosts STOXX 600 after strong Q1* Pernod Ricard lifts luxury sector* ECB stands pat on interest rate* Credit Suisse slips as Archegos unwind hits Q1 (Updates to close)By Sruthi...
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UPDATE 2-SAP, LVMH earnings nudge European stocks higher; German shares lag
* SAP gains as cloud sales boost Q1* Luxury stocks rise after LVMH results* Economic institutes will cut 2021 German GDP forecast -sources (Updates to close)By Sruthi Shankar and Susan...
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SAP, LVMH earnings nudge European stocks higher
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)April 14 (Reuters) - European stocks inched up on Wednesday, as upbeat earnings...
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GLOBAL MARKETS-Shares edge up as cyclical stocks provide support; yields rise
* Wall Street supported by rise in cyclical stocks* Longer-term yields climb, 30-year TIPS yield goes positive* Gold hits a seven-month low, oil prices slip* Bitcoin hits $1 trillion market...
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UPDATE 3-European shares end higher on strong earnings, positive data
* Mining stocks mark third straight week of gains, outpace peers* Manufacturing activity strengthens in Feb* Feb service sector activity hit by lockdowns* STOXX 600 up 0.2% this week...
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GLOBAL MARKETS-Shares rise as cyclical stocks provide support; yields climb
* Wall Street supported by rise in cyclical stocks* Longer-term yields climb, 30-year TIPS yield goes positive* Gold hits a seven-month low, oil prices slip* Bitcoin its $1 trillion market...
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GLOBAL MARKETS-Shares grind higher despite rising bond yields, weak data
(Updates throughout.)* Pan-European stock index up 0.2%* Sterling at $1.40 for first time in nearly three years* German, British 10-yr bond yields up to multi-month highs* Gold hits a...
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GLOBAL MARKETS-Shares struggle against rising bond yields, weak data
(Updates throughout.)* Pan-European stock index up 0.1%* Sterling at $1.40 for first time in nearly three years* German, British 10-yr bond yields up to multi-month highs* Gold hits a...
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European shares rise on upbeat Hermes earnings; Renault slides
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)Feb 19 (Reuters) - European shares edged higher on Friday as an upbeat earnings...
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European shares propped up by upbeat earnings
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Oct 19 (Reuters) - European stocks rose in early trading on Monday as strong...
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Hermes International Earnings miss, Revenue beats In Q2
Investing.com - Hermes International (PA:HRMS) reported on Thursday second quarter {{erl-6987||earnings that missed analysts' forecasts and revenue that topped expectations. Hermes...
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UPDATE 2-Defensive stocks help Europe close higher as focus turns to U.S. stimulus
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* LVMH falls as Q2 results underwhelm, hits other luxury stocks* All eyes on talks over U.S. stimulus, Fed meeting*...
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European shares edge higher, luxury stocks hit by weak results
(For a live blog on European stocks, type LIVE/ in an Eikon news window) July 28 (Reuters) - European stocks inched higher on Tuesday as investors held out for more U.S. stimulus to limit...
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Daimler Scraps Forecast, Hermes Reopens Stores: Earnings Wrap
(Bloomberg) -- Unilever (LON:ULVR) joined carmakers in saying it couldn’t predict the future as the pandemic skews everything from production to sales. Daimler AG (DE:DAIGn) threw out...
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