French luxury giant LVMH reported a 3% fall in third-quarter sales, undershooting estimates in its first decline in quarterly sales since the pandemic and offering little reassurance to investors worried about the sector’s outlook.
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LVMH sales fall 3% as China demand for luxury goods worsens
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Alibaba’s stock rally, fueled by China’s stimulus, AI advancements, and cloud growth, will continue pointing to significant upside …
LVMH third-quarter sales fall 3% as China weighs
French luxury giant LVMH reported a 3% fall in third-quarter sales on Tuesday, as rising prices and economic uncertainty held back shoppers.
Stock market today: Wall Street flat in early trading, oil prices tumble again on China weakness
Wall Street was flat in premarket trading and oil prices slid again on signs of economic weakness in China, where a lack of specifics on a stimulus package continued to drag down markets there.
Russia’s imports from China surged in September as Moscow and Beijing deepen economic ties
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China imports record amount of lead after Shanghai squeeze
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Morning Bid: Tech, Banks Spark New US Records as China Relapses
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Drew Bernstein, co-chair of MarcumAsia, explains why Hong Kong is showing signs of strength – which is essential to China’s rebound.
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Chinese stocks have gone from ice-cold to red-hot in a matter of weeks, but it might be driven by momentum rather than enough stimulus to solve China’s economic woes.
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The market next week is expected to remain consolidative and try to rebound with a fall in volatility. The market participants will focus on the September quarter earnings, Hyundai Motor India IPO, US retail sales,
Apple, Western Digital, and 3 Other U.S. Stocks to Play China Stimulus
However, lower interest rates and increased government spending won’t only help Chinese companies, Evercore ISI says.
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