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15h agoEuropean markets trade cautiously as Kering surges 10% on strong Gucci rebound
European stocks opened steady on Oct 23 as earnings dominated sentiment. The STOXX 600 inched 0.2% higher, led by Kering SA (+10%) after Gucci’s quarterly sales beat forecasts, lifting luxury peers LVMH (+3%) and Hermès (+2%). Financials edged lower while energy majors gained with Brent hovering near $64.40. Traders assessed eurozone PMI data showing manufacturing contraction easing to 48.9 from 47.2. The FTSE 100 rose 0.1%, DAX was flat. Analysts expect selective rotation into consumer and industrial names as Q3 earnings continue through month-end amid policy uncertainty around ECB rates and U.S. inflation readings.
neutral
15h agoEuropean markets trade cautiously as Kering surges 10% on strong Gucci rebound
European stocks opened steady on Oct 23 as earnings dominated sentiment. The STOXX 600 inched 0.2% higher, led by Kering SA (+10%) after Gucci’s quarterly sales beat forecasts, lifting luxury peers LVMH (+3%) and Hermès (+2%). Financials edged lower while energy majors gained with Brent hovering near $64.40. Traders assessed eurozone PMI data showing manufacturing contraction easing to 48.9 from 47.2. The FTSE 100 rose 0.1%, DAX was flat. Analysts expect selective rotation into consumer and industrial names as Q3 earnings continue through month-end amid policy uncertainty around ECB rates and U.S. inflation readings.
neutral
European markets trade cautiously as Kering surges 10% on strong Gucci rebound
about 16 hours ago
1 min read
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European shares opened mixed on Oct 23; Kering jumped 10% on Gucci’s sales beat, lifting luxury stocks as traders parsed PMI data and upcoming ECB policy signals.
European stocks opened steady on Oct 23 as earnings dominated sentiment. The STOXX 600 inched 0.2% higher, led by Kering SA (+10%) after Gucci’s quarterly sales beat forecasts, lifting luxury peers LVMH (+3%) and Hermès (+2%). Financials edged lower while energy majors gained with Brent hovering near $64.40. Traders assessed eurozone PMI data showing manufacturing contraction easing to 48.9 from 47.2. The FTSE 100 rose 0.1%, DAX was flat. Analysts expect selective rotation into consumer and industrial names as Q3 earnings continue through month-end amid policy uncertainty around ECB rates and U.S. inflation readings.
European stocks opened steady on Oct 23 as earnings dominated sentiment. The STOXX 600 inched 0.2% higher, led by Kering SA (+10%) after Gucci’s quarterly sales beat forecasts, lifting luxury peers LVMH (+3%) and Hermès (+2%). Financials edged lower while energy majors gained with Brent hovering near $64.40. Traders assessed eurozone PMI data showing manufacturing contraction easing to 48.9 from 47.2. The FTSE 100 rose 0.1%, DAX was flat. Analysts expect selective rotation into consumer and industrial names as Q3 earnings continue through month-end amid policy uncertainty around ECB rates and U.S. inflation readings.
Companies:
Kering
LVMH
Hermès
Tags:
markets
europe
markets
europe
luxury
stocks
kering
gucci
pmi
Source:
Oct 23, 2025 • 13:11 IST