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One strategist, however is looking keenly at European equities, and notes that "Europe isn't a boring market." "You would hope that will translate through to the stock market in terms of company earnings growth in Europe. "While you might see some kind of short-term downturn, in the longer-term the picture is very positive for the sector," Field added. He sees value in payments, which he described as "one of the most undervalued parts of European financial services." The sector has trailed market performance, with valuations looking "interesting" over the last 12 months, Morningstar noted in its recent report.

Persons: Michael Field, Field, Morningstar Organizations: CNBC Pro, European Central Bank, Consumer, Swatch Group, Financial, Morningstar, ING Bank, Group, Health, Novo Nordisk Locations: U.S, Europe, Netherlands, British, Swiss

☆ How 'quiet luxury' is subtly taking over investor portfolios
▼ + stars: | 2024-01-30 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +4 min

So what is "quiet luxury"? Quiet Luxury's outperformance over Loud Luxury in 2023. "Hence, in 2023, quiet luxury companies notably outperformed their loud peers by 23% points. According to DBS, a company fall under its categorization of "quiet luxury" if it's understated and focused on high quality, while maintaining exclusivity and scarcity. Loud luxury not in vogue

Persons: Karin Teigl, Kelly, Baum, Jeremy Moeller, Miu Miu, Brunello, Hou Wey Fook, Hermes, LVMH Moët Hennessy Louis Vuitton, Markus Hansen, Hansen, Goldman Sachs, — Organizations: Getty, DBS Bank, Financière Richemont, Swatch Group, DBS, Richemont, Swatch, CNBC, U.S Locations: VIENNA, AUSTRIA, Asia, South Korea, Japan, India

☆ Luxury stocks drag European shares lower on LVMH disappointment
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

The logo of LVMH is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. REUTERS/Gonzalo Fuentes/File photo Acquire Licensing RightsOct 11 (Reuters) - European stocks slipped on Wednesday after sharp gains in the previous session, as luxury giant LVMH dragged the sector lower on disappointing sales, though Novo Nordisk jumped after positive update on its diabetes drug Ozempic. The pan-European STOXX 600 index (.STOXX) dipped 0.2% by 0707 GMT. Shares of other French luxury majors such as Hermes (HRMS.PA) and Kering (PRTP.PA) fell 2.5% and 2.7%, respectively. Swiss luxury firms Richemont (CFR.S) fell 5.3% and Swatch Group (UHR.S) dropped 2.9%.

Persons: Gonzalo Fuentes, Danish drugmaker, Sruthi Shankar, Rashmi Organizations: Viva Technology, Porte de, REUTERS, Novo Nordisk, U.S . Federal Reserve, Swatch Group, Fresenius, Thomson Locations: Porte, Paris, France, U.S, Danish, Bengaluru

☆ Swiss watchmaker Swatch sues Malaysia for seizure of Pride watches
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +3 min

In May, Malaysian authorities confiscated watches from Swatch's 'Pride collection' because of the presence of the letters 'LGBTQ' on the watches, the home minister said. Home ministry officials "illegally" seized 172 watches from 16 outlets, Swatch said in court documents seen by Reuters. The seizure notices served to Swatch described the watches as having elements of or promoting LGBTQ rights and potentially breaching Malaysian law, the company said. Most of the seized watches, which have a combined retail value of 64,795 ringgit ($14,250.05), did not contain the 'LGBTQ' lettering, Swatch said. He has also said LGBT rights will not be recognised by his administration.

Persons: Swatch's, Anwar Ibrahim's, Anwar, Rozanna, John Revill, Kanupriya Kapoor, Bernadette Baum Organizations: Swatch, Malaysian, Reuters, Malay Mail, Swatch Group, Malaysia, Thomson Locations: KUALA LUMPUR, Swiss, Malaysia, Kuala Lumpur, Malaysian, Zurich

☆ Shares fall as US debt deal goes to a vote; China data rattles nerves
▼ + stars: | 2023-05-31 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

Data showed China's manufacturing activity fell more than expected in May, while services growth -- which has been one of the few bright spots in its patchy recovery -- slackened to its slowest pace in four months. For any investors hoping for a sustained bounce in Chinese growth after the elimination of stringent COVID restrictions late last year, the figures offered more evidence that the economy is losing steam, further dimming the global outlook. The euro tumbled by as much as 0.7% on the day after data showed a rapid cooling in consumer price pressures in both France and Germany - the region's two largest economies. Meanwhile, Treasury yields fell after a deal to suspend the U.S. debt limit and avoid a default cleared a House of Representatives committee overnight. Two-year yields fell 5 bps to 4.428%.

Persons: they're, Michael Hewson, COVID, Matt Simpson, Treasuries, Brent, Tom Westbrook, Sam Holmes, Kim Coghill, Kirsten Donovan Organizations: Global, CMC, Burberry, Swatch Group, European Central Bank, Thomson Locations: China, Washington, Europe, France, Germany, Singapore

☆ Slowdown, recession or boom? Bank of America reveals the global stocks to play each eventuality
▼ + stars: | 2023-05-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

The investment bank screened for stocks based on their ability to withstand fluctuations in a slowdown, recession, and boom. "Historically, the 'Recession' phase is the typical successor of the 'Slowdown' phase, but a 'Boom' phase has also followed 'Slowdown' in the past." Under this scenario, Bank of America screened for stocks that are "high quality, [large] size, growth-over-value, rising momentum and low risk". For this scenario, Bank of America looked for stocks it defined as high quality, large, value-over-growth, and low risk. For this eventuality, the Wall Street bank identified stocks it considers value-over-growth, rising momentum, high risk, small market cap, and low quality.

The world’s biggest luxury group logged revenue of €79.2 billion ($86.2 billion) and profit of €21.1 billion ($22.9 billion) for 2022, both up 23%. And in the coming months, “we have every reason to [be] confident, indeed optimistic, on the Chinese market,” LVMH (LVMHF) CEO Bernard Arnault said on a conference call. “In Macao, where Chinese can now travel to, the change is quite spectacular. He predicted, though, that Chinese tourists would not return in large numbers until at least the second half of the year. The removal of Chinese travel restrictions will likely also boost sales in overseas tourist destinations, the company added.

☆ European shares slip as business activity data underwhelms
▼ + stars: | 2023-01-24 | by ( Sruthi Shankar | ) www.reuters.com time to read: +2 min

The pan-European STOXX 600 index (.STOXX) dropped 0.1% despite a strong finish on Wall Street where battered technology stocks continued their rebound. European stocks hit a nine-month peak last week on hopes of a milder recession in Europe and smaller interest rate increases from the Federal Reserve. However, hawkish comments from ECB policymakers have helped cement bets of two 50 basis point interest rate rises at each of its next two meetings, with one scheduled next week. Shares of Norwegian salmon farmers SalMar (SALM.OL) and Mowi (MOWI.OL) jumped 6.2% and 2.8%, respectively, to top the STOXX 600. Traders pointed to a media report suggesting adjustments to the centre-left government's salmon tax hike proposal, which has weighed on the sector.

☆ Swatch positive on recovery in luxury demand from China
▼ + stars: | 2023-01-24 | by ( John Revill | ) www.reuters.com time to read: +3 min

SummarySummary Companies Says January sales have exceeded January 2022Company now expects record sales for 2023Stock hits highest level since July 2021ZURICH, Jan 24 (Reuters) - Swatch Group (UHR.S) shares hit their highest level in nearly two-and-a-half years on Tuesday after the world's biggest watchmaker said it expected a recovery in luxury demand from China. The sales growth in January in China reinforces the Group's expectation to aim for a record year in 2023." The outlook sent Swatch's shares to their highest level since July 2021, and was the latest positive signal for the luxury sector at the start of the Chinese Year of the Rabbit. "To reach the record sales number of 2014 Swatch Group would need to have growth of 16% in 2023," said Patrik Schwendimann of Zuercher Kantonalbank. Europe's luxury sector($1 = 0.9192 Swiss francs)Reporting by John Revill; editing by Kirsten Donovan and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ European shares steady ahead of PMI data
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +1 min

Jan 24 (Reuters) - European stocks edged higher on Tuesday, boosted by a fresh run of gains for technology stocks, while investors awaited economic data that is expected to show a slight improvement in euro zone business activity. S&P Global's flash reading, due at 0900 GMT, is expected to show the euro zone flash composite PMI edged up to 49.8 in January, a small improvement from 49.3 in December, as energy prices dropped and inflation moderated. Among stocks, Rheinmetall (RHMG.DE) added 1.2% after the German defence group's chief executive forecast sales would grow to 11-12 billion euros ($12-$13 billion) in 2025, according to German magazine Stern. Shares of Norwegian salmon farmers SalMar (SALM.OL) and Mowi (MOWI.OL) jumped 4.7% and 9.1%, respectively, to top the STOXX 600. Reporting by Sruthi Shankar in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ Swatch Group positive about Chinese market recovery in 2023
▼ + stars: | 2023-01-24 | by ( John Revill | ) www.reuters.com time to read: +2 min

The sales growth in January in China reinforces the Group's expectation to aim for a record year in 2023." Rival Swiss luxury group Richemont last week said it was seeing a "strong retail rebound" in China in the run-up to the Chinese New Year. Swatch, which in July said targeted a double digit sales increase for 2022, said its sales in China fell by 700 million Swiss francs ($761 million) during the year. Overall sales increased by 2.5% to 7.499 billion Swiss francs or by 4.6% in constant currency terms, while net profit rose to 823 million francs from 774 million francs a year earlier. Aiming for a record year implies over 23% sales growth, which is a pretty big call by [CEO Nick]Hayek."

☆ Earnings results are dismal, but the market is still rallying. Here’s why
▼ + stars: | 2023-01-24 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

S & P 500 earnings estimates 2022 Q4: down 3.0% 2023 Q1: flat 2023 Q2: down 1.3% 2023 Q3: up 4.3% 2023 Q4: up 10.5% Source: Refinitiv Not great news on the earnings front! Because market sentiment was so negative ending 2022, a lot of investors are still not back in and are positioned "light." That's why all the earnings growth is in the second half of the year. The bet is that the first half of the year is flat on earnings, and the second half improves. The sales growth in January in China reinforces the Group's expectation to aim for a record year in 2023."

☆ Exporturile de ceasuri elveţiene, cea mai mică creştere din ultimii trei ani
▼ + stars: | 2021-01-15 | by ( ) www.jurnal.md time to read: +2 min

Datele statistice publicate marţi de Federaţia Industriei Elveţiene de Orologerie arată că exporturile de ceasuri au crescut cu 2,4%, până la 21,7 miliarde franci (22,4 miliarde dolari) în 2019. Cu toate acestea, exporturile spre Hong Kong, o piaţă de export importantă, au scăzut cu 11% pe fondul protestelor violente din această metropolă care au dus la închiderea magazinelor. Potrivit acestuia, firmele care produc produse de lux generează aproximativ 35% din venituri de pe urma consumatorilor chinezi. De asemenea, în 2003, epidemia de SRAS a dus la o scădere de 20% a călătoriilor internaţionale. Industria de orologerie reprezintă aproximativ 10% din exporturile totale ale Elveţiei şi asigură aproximativ 57.000 de locuri de muncă.

Persons: Tissot . Organizations: Agerpres, Swatch Group AG Locations: Hong Kong, Asia, Europa, America, China, Beijing

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