A sales miss by luxury giant LVMH due to Chinese shoppers keeping a lid on spending and disappointing results from major U.S. tech firms Tesla and Alphabet will likely keep investors skittish ahead of a slew of European earnings.
A gauge of the top 10 European luxury stocks is already down 2.6% in July, set for a fifth straight month in the red after a profit warning from smaller label Burberry last week. Currency traders are eyeing rapid gains by the yen, which is up 3.7% against the U.S. dollar this month and at more than six week high in the wake of suspected intervention by Tokyo and speculators unwinding short positions on the frail currency.
‘Look at Kamala Harris, Pete Buttigieg, AOC, the entire future of the Democrats is controlled by people without children,’ Vance said in 2021Taiwan has closed offices, schools and tourist sites across the island ahead of a powerful typhoon due to make landfall later Wednesday. Typhoon Gaemi already worsened seasonal rains in the Philippines, where at least 12 people have died. The typhoon had winds of 100 mph Wednesday morning and heavy rain was falling in much of Taiwan.