China Stimulus Measures Could Boost Luxury Goods in Near Term -- Market Talk

Dow Jones09-24

1008 GMT - Luxury goods stocks could react positively to China's easing monetary policy conditions, RBC Capital Markets analysts say in a note. European luxury stocks dropped in recent months as investors reacted to waning Chinese demand. "We believe we are getting closer to the bottom of the luxury cycle, which could happen in the next 3-6 months (likely end of 2024 or into early 2025), assuming no material worsening of China luxury demand trends," they say. Swatch Group, Burberry and Richemont are the most exposed, whereas Pandora and EssilorLuxottica are the least exposed to China's central bank stimulus measures, the analysts say. Burberry traded 4.8% higher, Hermes was up 4.3%, Richemont rose 4.4%, Gucci owner Kering was 5.1% higher and Swatch Group was up 2.3%. Pandora and EssilorLuxottica both traded higher over 1%. (helena.smolak@wsj.com)

(END) Dow Jones Newswires

September 24, 2024 06:09 ET (10:09 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2469639734?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-24 18:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2469639734","market":"nz","top_or_hot":-1,"title":"China Stimulus Measures Could Boost Luxury Goods in Near Term -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1008 GMT - Luxury goods stocks could react positively to China's easing monetary policy conditions, RBC Capital Markets analysts say in a note. European luxury stocks dropped in recent months as investors reacted to waning Chinese demand. \"We believe we are getting closer to the bottom of the luxury cycle, which could happen in the next 3-6 months (likely end of 2024 or into early 2025), assuming no material worsening of China luxury demand trends,\" they say. Swatch Group, Burberry and Richemont are the most exposed, whereas Pandora and <a href=\"https://laohu8.com/S/ESLOF\">EssilorLuxottica</a> are the least exposed to China's central bank stimulus measures, the analysts say. Burberry traded 4.8% higher, Hermes was up 4.3%, Richemont rose 4.4%, Gucci owner Kering was 5.1% higher and Swatch Group was up 2.3%. Pandora and <a href=\"https://laohu8.com/S/ESLOY\">EssilorLuxottica</a> both traded higher over 1%. (helena.smolak@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 24, 2024 06:09 ET (10:09 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Stimulus Measures Could Boost Luxury Goods in Near Term -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Stimulus Measures Could Boost Luxury Goods in Near Term -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-24 18:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1008 GMT - Luxury goods stocks could react positively to China's easing monetary policy conditions, RBC Capital Markets analysts say in a note. European luxury stocks dropped in recent months as ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFRUY","symbol_name":"历峯集团","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2469639734","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2469639734","pubTimestamp":1727172540,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1008 GMT - Luxury goods stocks could react positively to China's easing monetary policy conditions, RBC Capital Markets analysts say in a note. European luxury stocks dropped in recent months as investors reacted to waning Chinese demand. \"We believe we are getting closer to the bottom of the luxury cycle, which could happen in the next 3-6 months , assuming no material worsening of China luxury demand trends,\" they say. Swatch Group, Burberry and Richemont are the most exposed, whereas Pandora and EssilorLuxottica are the least exposed to China's central bank stimulus measures, the analysts say. Burberry traded 4.8% higher, Hermes was up 4.3%, Richemont rose 4.4%, Gucci owner Kering was 5.1% higher and Swatch Group was up 2.3%. Pandora and EssilorLuxottica both traded higher over 1%. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CFRUY":"历峯集团","ESLOY":"EssilorLuxottica","BK4198":"医疗保健用品","SWGAY":"Swatch Group AG","PANDY":"Pandora A/S","BK4202":"服装、服饰与奢侈品"},"translate_title":"中国刺激措施可能在短期内提振奢侈品——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFRUY":0.9,"ESLOY":0.9,"PANDY":0.9,"SWGAY":0.9},"content_text":"1008 GMT - Luxury goods stocks could react positively to China's easing monetary policy conditions, RBC Capital Markets analysts say in a note. European luxury stocks dropped in recent months as investors reacted to waning Chinese demand. \"We believe we are getting closer to the bottom of the luxury cycle, which could happen in the next 3-6 months (likely end of 2024 or into early 2025), assuming no material worsening of China luxury demand trends,\" they say. Swatch Group, Burberry and Richemont are the most exposed, whereas Pandora and EssilorLuxottica are the least exposed to China's central bank stimulus measures, the analysts say. Burberry traded 4.8% higher, Hermes was up 4.3%, Richemont rose 4.4%, Gucci owner Kering was 5.1% higher and Swatch Group was up 2.3%. Pandora and EssilorLuxottica both traded higher over 1%. (helena.smolak@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 24, 2024 06:09 ET (10:09 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2469639734"}