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Time to go idiosyncratic on luxury - BofA

LIVE MARKETS-Time to go idiosyncratic on luxury - BofA STOXX 600 down 0.2% Oil stocks rally, Brent up $2 Airlines fall, defence rises Wall Street futures down Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com TIME TO GO IDIOSYNCRATIC ON LUXURY - BofA Luxury names have rallied across the board on hopes for China stimulus, but it's time to start getting more specific, at least accord
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Bureau Veritas, Covestro AG, Redcare Pharmacy NV

EUROPE RESEARCH ROUNDUP-Bureau Veritas, Covestro AG, Redcare Pharmacy NV Oct 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bureau Veritas, Covestro AG and Redcare Pharmacy NV, on Wednesday. HIGHLIGHTS * British Land BLND.L : Deutsche Bank raises to buy from hold * Bureau Veritas BVI.PA : JP Morgan cuts to neutral from overweight * Covestro AG 1COV.DE : Jefferies cuts to hold from buy * Redcare Pharmacy NV RDC.DE : HSBC raises t
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Oil stocks support FTSE 100, midcaps tumble as Iran attack report spooks markets

UPDATE 1-Oil stocks support FTSE 100, midcaps tumble as Iran attack report spooks markets For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.5%, FTSE 250 down 0.7% UK manufacturing PMI slips in September Mulberry falls after rejecting Frasers takeover Updated at 1605 GMT By Khushi Singh and Lisa Pauline Mattackal Oct 1 (Reuters) - The UK's benchmark FTSE 100 rose on Tuesday, with gains primarily driven by the energy sector, as
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GS doubtful China stimulus will boost spending near term, cuts Kering

BUZZ-GS doubtful China stimulus will boost spending near term, cuts Kering ** Goldman Sachs says it is unlikely that China stimulus measures will positively impact high-end spending near-term and cuts its rating on Gucci owner Kering PRTP.PA ** Kering's shares, which rose 17% until Friday's close since the stimulus was announced, are down around 2.
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ASM International, Burberry, LVMH

EUROPE RESEARCH ROUNDUP-ASM International, Burberry, LVMH Oct 1 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ASM International, Burberry and LVMH on Tuesday. HIGHLIGHTS * ASM International ASMI.AS : Stifel cuts target price to EUR 740 from EUR 800 * Burberry Group BRBY.L : HSBC raises target price to 770p from 690p * Carlsberg CARLb.CO : Jefferies cuts target price to DKK 1,000 from DKK 1,100 * LVMH LVMH.PA : HSBC raises target p
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London stocks log weekly jump on China stimulus, signs of US inflation easing

UPDATE 1-London stocks log weekly jump on China stimulus, signs of US inflation easing For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.4%, FTSE 250 adds 1.1% Burberry records best week since March 2009 Cranswick gains after upbeat annual profit forecast Updated at 1550 GMT By Lisa Pauline Mattackal and Shubham Batra Sept 27 (Reuters) - British equities ended the week on a high note on signs U.S.
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Europe's STOXX 600 at all-time high as China-exposed firms revel in stimulus boost

UPDATE 2-Europe's STOXX 600 at all-time high as China-exposed firms revel in stimulus boost For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 up 0.5% to round out best week since August Italy's Moncler surges after LVMH buys stake Denmark's Novo Nordisk falls as JPM predicts soft Q3 results Updated at 1600 GMT By Pranav Kashyap and Shashwat Chauhan Sept 27 (Reuters) - Europe's STOXX 600 share index closed at a record high on Frid
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UK's FTSE 100 closes slightly up as falling energy shares offset China-driven rally

UPDATE 1-UK's FTSE 100 closes slightly up as falling energy shares offset China-driven rally For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.2%, FTSE 250 adds 1.2% Miners, luxury stocks jump on China demand hopes Watches of Switzerland gains on DB upgrade Updated at 1600 GMT By Lisa Pauline Mattackal and Shashwat Chauhan Sept 26 (Reuters) - UK's FTSE 100 closed up on Thursday, though lagging its European peers as energy gia
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Europe's STOXX 600 clocks all-time closing high on China stimulus boost

UPDATE 2-Europe's STOXX 600 clocks all-time closing high on China stimulus boost For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 up 1.3% Sweden's H&M falls after abandoning 2024 margin target Switzerland's Swatch jumps on report of potential delisting Swiss National Bank cuts rate by 25 bps Updated at 1600 GMT By Pranav Kashyap and Shashwat Chauhan Sept 26 (Reuters) - European shares jumped on Thursday, with China-exposed stock
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European luxury stocks keep rising on China stimulus

BUZZ-European luxury stocks keep rising on China stimulus ** Shares in China-exposed European luxury firms continue to rise after China's latest pledge for more stimulus ** China will deploy "necessary fiscal spending" to meet an economic growth target of roughly 5%, leaders pledged, following a raft of aggressive central bank policy easing measure
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Burberry, Experian, GEA Group

EUROPE RESEARCH ROUNDUP- Burberry, Experian, GEA Group Sept 26 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Burberry, Experian and GEA Group, on Thursday. HIGHLIGHTS * Burberry BRBY.L : RBC cuts target price to 650p from 800p * Experian EXPN.L : RBC raises to sector perform from underperform * FACC AG FACC.VI : Kepler Cheuvreux raises to buy from hold * GEA Group AG G1AG.DE : Morgan Stanley raises to overweight from equal-weight
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Air France-KLM, Burberry, Wise

EUROPE RESEARCH ROUNDUP- Air France-KLM, Burberry, Wise Sept 25 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Air France-KLM, Burberry and Wise, on Wednesday. HIGHLIGHTS * Air France-KLM AIRF.PA : JP Morgan raises to overweight from underweight * Burberry BRBY.L : JP Morgan cuts target price to 650p from 800p * Helvetia Holding HELN.S : JP Morgan places stock on its positive catalyst watch list * Orion Oyj ORNBV.HE : Jefferies ra
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China's new stimulus plans make a splash in global markets

GRAPHIC -China's new stimulus plans make a splash in global markets LONDON, Sept 25 (Reuters) - China-exposed assets jumped on Tuesday after Beijing announced its biggest stimulus since the pandemic in a bid to pull the world's second-largest economy out of the deflationary funk that has shaken global currency and equity markets this year. The broader-than-expected package offers more funding and interest rate cuts.
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London's FTSE 100 climbs on China stimulus boost

UPDATE 1-London's FTSE 100 climbs on China stimulus boost For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 adds 0.3%, FTSE 250 off 0.4% Miners jump after China stimulus measures BoE's Bailey: rates heading downwards gradually Updated at 1550 GMT By Lisa Pauline Mattackal and Shubham Batra Sept 24 (Reuters) - The UK's FTSE 100 rose on Tuesday as markets cheered fresh stimulus measures in China that lifted shares of miners and luxu
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Luxury stocks sparkle in Europe after China unveils stimulus measures

BUZZ-Luxury stocks sparkle in Europe after China unveils stimulus measures Updates ** Shares in European luxury stocks move higher after China, a key market for the sector, unveiled its biggest stimulus since the pandemic ** STOXX Europe Luxury 10 index .STXLUXP , which tracks top luxury goods makers, is up around 3% ** RBC analysts say the measure
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European shares end higher as markets cheer China's stimulus plans

UPDATE 2-European shares end higher as markets cheer China's stimulus plans For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 up 0.7% Luxury stocks shine on China's stimulus UK's Smiths Group down after annual profit miss Sweden's Saab falls after BofA downgrade Updated at 1600 GMT By Pranav Kashyap and Shashwat Chauhan Sept 24 (Reuters) - European shares ended higher on Tuesday, with China-exposed firms such as luxury giants and
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Luxury stocks up in Europe after China unveils stimulus measures

BUZZ-Luxury stocks up in Europe after China unveils stimulus measures ** Shares in European luxury stocks move higher after China, a key market for the sector, unveiled its biggest stimulus since the pandemic ** STOXX Europe Luxury 10 index .STXLUXP , which tracks top luxury goods makers, is up around 2% ** RBC analysts say the measures should supp
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BP, Essentra, OMV

EUROPE RESEARCH ROUNDUP- BP, Essentra, OMV Sept 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including BP Plc, Essentra Plc and OMV on Tuesday. HIGHLIGHTS * BP Plc BP.L : Jefferies cuts target price to 540p from 590p * Essentra Plc ESNT.L : Berenberg cuts target price to 200p from 255p * Energean Plc ENOG.L : Morgan Stanley cuts to equal weight from overweight * OMV AG OMVV.VI : JP Morgan raises to overweight from neutral * Saab AB SAAB
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European luxury stocks slip after BofA sees lower growth for 'shopped out' sector

BUZZ-European luxury stocks slip after BofA sees lower growth for 'shopped out' sector ** Shares in luxury stocks slip on Monday after BofA Global Research lowered its estimates and cut its ratings and PTs on four companies ** "The luxury consumer is all shopped out," BofA says ** It sees muted revenue growth for the sector through 2025, saying that demand from China, which was the only driver of revenue growth in the first quarter, has recently deteriorated ** BofA expects sector revenue to be
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Anglo American, Mercedes-Benz, Next

EUROPE RESEARCH ROUNDUP- Anglo American, Mercedes-Benz, Next Sept 23 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Anglo American, Mercedes-Benz and Next, on Monday. HIGHLIGHTS * Anglo American AAL.L : JP Morgan cuts target price to 2,305p from 2,440p * Mercedes-Benz Group AG MBGn.DE : Jefferies cuts target price to EUR 75 from EUR 90 * Next Plc NXT.L : JP Morgan raises target price to 10,500p from 9,900p * Porsche AG P911_p.DE :
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