Europe’s STOXX 600 at five-week high as luxury firms, chipmakers jump
By Shashwat Chauhan (Reuters) – European shares advanced on Thursday, as heavyweight luxury stocks got a boost following Richemont (SIX:CFR)’s upbeat earnings update and semiconductor firms gained after Taiwan Semiconductor Manufacturing Co (TSMC) reported a record quarterly profit. The pan-European
Bull market remains intact, UBS says
Investing.com — The rapid rise in interest rates over recent weeks has fueled volatility in US equities, but UBS strategists believe that the bull market “remains intact” thanks to solid earnings growth and a supportive Federal Reserve. The investment bank projects
Whitbread UK sales steady, Germany shines
Investing.com — Whitbread (LON:WTB) on Thursday reported a modest sales in the UK for the third quarter of fiscal year 2025. The owner of Premier Inn, reaffirmed its five-year growth plan, with no changes to its previously stated outlook
Earnings results, inflation data should rejuvenate bank stocks: BofA
Investing.com — All five major banks—JPMorgan Chase & Co (NYSE:JPM), Wells Fargo (NYSE:WFC), Goldman Sachs Group (NYSE:GS), Citigroup (NYSE:C), and Bank of New York Mellon (NYSE:BK)—delivered stronger-than-expected fourth-quarter 2024 earnings and provided 2025 guidance
China says US firm PVH engaged in ‘improper’ conduct related to Xinjiang
BEIJING (Reuters) – Preliminary findings showed that PVH Corp (NYSE:PVH), the parent company of Calvin Klein and Tommy Hilfiger, engaged in “improper” conduct related to the Xinjiang region, China’s commerce ministry said on Thursday, without elaborating. The ministry plans to summon