Burberry Group plc (BBRYF)
- Yahoo Finance Video
China's stimulus package lifts luxury stocks
The People's Bank of China has announced a new stimulus package designed to reinvigorate the nation's economy. This news has sparked a widespread rally in Chinese stocks, lifting European luxury brands as well. Companies like LVMH Moët (MC.PA) and Hermès (RMS.PA) are seeing gains, as investors anticipate increased demand for luxury goods in China due to the stimulus measures. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- Bloomberg
European Luxury Selloff Deepens on Goldman, Jefferies Warnings
(Bloomberg) -- Shares of European luxury-goods makers are dropping again as analysts at Goldman Sachs Group Inc. and Jefferies International Ltd. warned of further earnings pain to come amid unabating demand woes in China. Most Read from BloombergAOC Proposes $30 Billion Social Housing AuthorityThe Moonshot Plan to Eliminate Deaths on America’s RoadsCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public Tr
- Simply Wall St.
3 UK Dividend Stocks Yielding Up To 9.8%
The United Kingdom market has climbed 1.1% in the last 7 days and is up 6.9% over the past 12 months, with earnings expected to grow by 14% per annum over the next few years. In this favorable environment, identifying dividend stocks that offer strong yields can be a prudent strategy for income-focused investors.
