European Stocks Drop as Luxury Sees $30 Billion Value Wipeout

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 50%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

European stocks fell, weighed down by a slump for luxury shares that wiped more than $30 billion off their market value, after Kering SA warned that sales at Gucci have plunged.

Hong Kong Faces Battle to Shore Up Its Role as Financial Hub After Security LawPakistan Clinches Initial Approval for $1.1 Billion IMF PayoutDubai’s ‘Sustainable City’ Was Supposed to Start a Trend.

Fed likely to cut rates twice this year, economist says‘The elephant in the inflationary room’: Economists react to CPI dataOttawa should keep its 'hands off' pension funds, says former OTPP headGrocery inflation dipped to 2.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European Stocks Steady as Investors Await Central Bank MeetingsEuropean stocks are hovering near record levels as investors get ready for the US Federal Reserve and Bank of England interest rates decisions later this week.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Bullish investors pile into EM, European stocks in March, BofA survey showsUpbeat investors rushed into emerging market equities in March at the fastest pace since April 2017, and into euro zone stocks at the quickest clip since...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

BofA Survey Shows Risk-On Rotation Out of US Tech Into European StocksInvestors are in a risk-on mood, and are snapping up stocks in Europe and emerging markets at the expense of the US and the technology sector, according to Bank of America Corp.’s latest fund manager survey.
Source: BNNBloomberg - 🏆 83. / 50 Read more »