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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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Swiss stocks - Factors to watch on October 1

Swiss stocks - Factors to watch on October 1 ZURICH/GDANSK, Oct 1 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Tuesday: COMPANY STATEMENTS SFS Group AG SFSN.S - SFS Acquires Leading Slovenian Distribution Partner In Construction Industry ANALYSTS' VIEWS COMPAGNIE FINANCIERE RICHEMONT CFR.S - HSBC RAISES TARGET PRICE TO CHF 150 FROM CHF 140 SWATCH UHR.S - HSBC RAISES TARGET PRICE TO CHF 200 FROM CHF 170 ECONOMY Swiss August retail sales due at 0630 GMT.
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Hold your horses on luxury sector after China stimulus

LIVE MARKETS-Hold your horses on luxury sector after China stimulus STOXX 600 down 1% Auto lag on VW, Stellantis profit warnings All sectors in red Wall St futures lower 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 HOLD YOUR HORSES ON LUXURY SECTOR AFTER CHINA STIMULUS Europe's luxury sector surged last week on news that China is stimulating its economy, including possible tar
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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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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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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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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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Swiss stocks - Factors to watch on September 24

Swiss stocks - Factors to watch on September 24 ZURICH/GDANSK, Sept 24 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Tuesday: ANALYSTS' VIEWS COMPAGNIE FINANCIERE RICHEMONT CFR.S - JP MORGAN CUTS TARGET PRICE TO CHF 155 FROM CHF 165 ECONOMY No major Swiss economic data scheduled. Reporting by Zurich newsroom and Gdan
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Burberry, Hermes, Spectris

EUROPE RESEARCH ROUNDUP-Burberry, Hermes, Spectris Sept 20 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Burberry, Hermes and Spectris on Friday. HIGHLIGHTS * ASML Holding NV ASML.AS : Morgan Stanley cuts to equal-weight from overweight * Burberry BRBY.L : Jefferies cuts to underperform from hold * Hermes HRMS.PA : Jefferies cuts target price to EUR 2,200 from EUR 2,470 * Intercontinental Hotels IHG.L : HSBC cuts target price to 7
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Jefferies sees no improvement for luxury in H2

BUZZ-Jefferies sees no improvement for luxury in H2 ** Jefferies sees no appreciable improvement for the luxury market in the second half of the year after a fragile demand in H1 ** The broker says the Q2 weakness and the flattish demand are likely to continue with a slowdown in China, a decrease in travel spend and the uncertainty in the US ** It
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Swiss trade surplus at CHF 4.578 bln in August

TABLE-Swiss trade surplus at CHF 4.578 bln in August Sept 19 (Reuters) - Switzerland ran a merchandise trade surplus of 4.578 billion Swiss francs in August, the Federal Customs Office said on Thursday. KEY FIGURES (millions of Swiss francs) August 2024 July 2024 Imports 15.912 19.215 Exports 20.491 24.092 Balance 4.578 4.877 The figures exclude precious metals and stones, works of art and antiques.
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Swiss stocks - Factors to watch on September 19

Swiss stocks - Factors to watch on September 19 ZURICH/GDANSK, September 19 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Thursday: ROCHE HOLDING AG ROG.S Roche says phase III results show Xofluza significantly reduces the transmission of influenza viruses. RICHEMONT CFR.S - 2.75 CHF/shr dividend ECONOMY Swiss August trade balance due at 0600 GMT.
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How migrant workers suffered to craft the 'Made in Italy' luxury label

INSIGHT-How migrant workers suffered to craft the 'Made in Italy' luxury label Some luxury goods contractors in Tuscany have employed undocumented migrant workers Migrant workers were offered irregular contracts and had to work long hours Some labourers had no previous experience of making luxury accessories Montblanc terminated a contractor in Tuscany because it failed to meet conduct standards By Emilio Parodi, Elisa Anzolin, Denis Balibouse and Mimosa Spencer PRATO, Italy/GENEVA, Sept 18 (Reu
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Auction Technology, Compass, D'Ieteren Group

EUROPE RESEARCH ROUNDUP-Auction Technology, Compass, D'Ieteren Group Sept 17 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Auction Technology, Compass Group and D'Ieteren Group on Tuesday. HIGHLIGHTS * Auction Technology Group Plc ATG.L : JP Morgan raises to overweight from neutral * Compass Group CPG.L : RBC cuts to sector perform from outperform * D'Ieteren Group SA IETB.BR : Jefferies cuts to hold from buy * Hermes HRMS.PA : Ex
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Swiss stocks - Factors to watch on September 11

Swiss stocks - Factors to watch on September 11 ZURICH/GDANSK, Sept 11(Reuters) - Here are some of the main factors that may affect Swiss stocks on Wednesday: HOLCIM HOLN.S Mexican cement maker Cemex said on Tuesday that it had sold its operations in Guatemala to Holcim Group for around $200 million. NESTLE NESN.S According to media reports by Bloomberg News, Nestle is set to pay a 2 million euros fine to end its French mineral water case.
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