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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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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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Swatch stocks gain again as CEO says delisting speculation nothing new

Swatch stocks gain again as CEO says delisting speculation nothing new ZURICH, Sept 27 (Reuters) - Shares in Swatch Group UHR.S made further gains on Friday on speculation the Swiss watchmaker could be taken private even though CEO Nick Hayek played down his earlier comments, saying there was nothing new on the issue. Shares in the maker of Omega, Tissot and Longines watches jumped as much as 16% on Thursday after Swiss magazine Bilanz published a preview of an interview with Hayek.
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Swatch jumps after report on potential delisting

UPDATE 1-Swatch jumps after report on potential delisting Adds Swatch response, detail from paragraph 1 Sept 26 (Reuters) - Shares in Swatch Group UHR.S jumped as much as 16% on Thursday, with a trader pointing to a report the Swiss watchmaker could be delisted. Swiss business magazine Bilanz published a preview of an interview with Swatch CEO Nick Hayek saying he was considering delisting the maker of Omega, Tissot and Longines watches from the stock exchange.
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Swatch jumps after report on potential delisting

Swatch jumps after report on potential delisting Sept 26 (Reuters) - Shares in Swatch Group UHR.S jumped around 12% on Thursday, with a trader pointing to a report the Swiss watchmaker could be delisted. Swatch could not immediately be reached for comment. Reporting by Danilo Masoni, Anna Pruchnicka; Editing by Amanda Cooper
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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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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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Top of the Street: Swatch, Moncler, OMV

BUZZ-Top of the Street: Swatch, Moncler, OMV A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** UBS cuts Swatch UHR.S to "sell" from "neutral," saying the market has not priced in that the watchmaker might be entering a prolonged downcycle in a more fragile position, due to its unfavorable business mix and exposure to sluggish China demand, resulting in a structurally lower profitability ** The Swiss bank also cuts Moncler MONC.MI to "neutral" from "buy," e
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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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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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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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Top of the Street: Barry Callebaut, Compass Group, Swatch Group AG

BUZZ-Top of the Street: Barry Callebaut, Compass Group, Swatch Group AG Sept 17 (Reuters) - A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Barclays double-upgrades Barry Callebaut BARN.S to "overweight" from "underweight" and saying Swiss chocolate maker should benefit from cocoa price normalisation on the back of a more favourable crop outlook ** RBC cuts Compass Group CPG.L to "sector perform" from "outperform", saying the British caterer is now tradi
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BNP Paribas cuts Swatch to 'underperform' on lack of positive catalysts ahead of H2 results

BUZZ-BNP Paribas cuts Swatch to 'underperform' on lack of positive catalysts ahead of H2 results ** Exane BNP Paribas lowers its rating on the world's biggest watchmaker Swatch Group UHR.S to "underperform" from "neutral", citing negative newsflow in sector, high FX exposure and less luxury brand portfolio ** The broker notes H1 result was among th
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Barclays says China looks 'weaker for longer', cuts Kering, Burberry

BUZZ-Barclays says China looks 'weaker for longer', cuts Kering, Burberry ** Barclays says China looks "weaker for longer" on structural issues and cuts estimates and PTs across its coverage, while downgrading Gucci owner Kering PRTP.PA and Burberry BRBY.L ** "The sentiment on the ground was much more cautious than 6 months ago, as there is now a c
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From tech to banks, five lessons from Europe's Q2 earnings season

GRAPHIC-From tech to banks, five lessons from Europe's Q2 earnings season By Samuel Indyk and Lucy Raitano LONDON, Aug 16 (Reuters) - European companies likely grew earnings for the first time in five quarters, but concerns about the strength of the consumer and the economic outlook have cast a pall over the second-quarter earnings season. According to LSEG I/B/E/S data, Q2 earnings are expected to have increased 4.3% from the same period last year, the first quarterly rise since the first three
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Investors feel the pinch of thriftier consumers on company profits

ANALYSIS-Investors feel the pinch of thriftier consumers on company profits By Danilo Masoni MILAN, Aug 8 (Reuters) - Investors in large consumer-goods companies are having to up their stock-picking game, as a post-pandemic spending splurge dries up and increasingly price-sensitive shoppers start to erode corporate pricing power. Profit warnings in sectors ranging from luxury to food and airlines have fed into worries about a slowdown in the United States and other major economies.
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Vornado Realty rallies 15% after Q2 beat, Uniqlo deal

BUZZ-Vornado Realty rallies 15% after Q2 beat, Uniqlo deal ** Vornado Realty Trust's VNO.N shares rally, snapping three-session losing streak on Tues, after commercial REIT posted qtrly beat and said its JV entered transaction with Uniqlo ** VNO shares rise as much as 15% to $31.36 to highest level of 2024. Stock on course for biggest daily gain since Nov 14 ** NYC-focused VNO late Mon reported Q2 adj FFO/sh of 57 cents, above LSEG estimate of 53 cents/sh ** Rev in qtr of $450.3 mln surpassed St
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