Market Updates
Europe Movers: ASML, Brunello Cucinelli, EssilorLuxottica, Luxury Stocks, Oil Stocks
Inga Muller
18 Oct, 2024
Frankfurt
European markets advanced about 1% in the week after the ECB lowered its key lending rates for the third time in 2024 and signaled possible rate cuts in the future.
The DAX index increased by 0.1% to 19,609.65; the CAC-40 index rose by 0.5% to 7,621.52; and the FTSE 100 index decreased by 0.3% to 8,363.31.
The yield on 10-year German bonds edged lower to 2.19%, French bonds inched lower to 2.91%, the UK gilts edged up to 4.09%, and Italian bonds decreased to 3.37%.
EssilorLuxottica SA declined 0.1% to €215.70 after the eyewear company reported slightly weaker-than-expected quarterly results.
Revenue in the third quarter increased 2.3% to €6.4 billion from €6.3 billion, driven by 1.6% increase in North America and 5.6% rise in Europe and Middle East region.
Weakening macroeconomic conditions in Greater China weighed on sales growth in Asia Pacific region, and sales growth slowed down to 5% from 11.7% in the period a year ago.
Brunello Cucinelli jumped 4.8% to €97.75 after the fashion company reported a 12% increase in sales in its latest nine-month period.
Luxury goods makers advanced after the Cucinelli's results, and Kering SA gained 5% to €242.80, Hermes International jumped 2% to €2,110.0, and LVMH gained 3% to €627.40.
Oil exploration companies traded lower after crude oil prices hovered near a two-week low.
BP plc jumped 0.9% to 403.65 pence, Shell PLC edged up 0.1% to 2,554.50 pence, and TotalEnergies SE gained 0.9% to €60.27.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|