European markets were lower on Friday, as investors monitored corporate results and reacted to quarter-point interest rate cuts from the U.S. Federal Reserve and Bank of England.
Shares of the group rose more than 6% on the news, hitting their highest level since March 2020 when travel demand collapsed during the coronavirus pandemic.There are plenty of opportunities for investors in markets, particularly in the U.K. and U.S., according to the chief investment officer at Wren Sterling.
When asked whether there are opportunities in European stocks, McPherson replied,"Our view is the opportunities are in the U.K. and the U.S., we're less positive on Europe." "In the first half of this fiscal year, we continued to deliver sustained resilience in a world where uncertainty has become the norm," Johann Rupert, chairman of Richemont, said in a statement.