Luxury stocks in Europe get $89 bln boost on LVMH read-across

Swatch groupAG

15/10/2025 10:05

Updates

** European luxury stocks .STXLUXP rise across the board, after LVMH's LVMH.PA better-than-expected Q3 sales buoy sentiment

** LVMH itself jumps around 14% to its highest since March, adding around $43.5 billion to its market value at 0901 GMT

** Gucci owner Kering PRTP.PA, Hermes HRMS.PA, Moncler MONC.MI, Richemont CFR.S, Burberry BRBY.L gain around 6%-9%

** Moves help to add around $88.7 billion so far on Wednesday to the STOXX Europe Luxury 10 index .STXLUXP, which tracks top luxury goods makers

** "I would expect the rally in luxury to continue amid stabilisation in China as well as surprise strength in the U.S.," Kepler Cheuvreux's analyst Jon Cox says

Luxury shares rally after better LVMH sales https://tmsnrt.rs/4ooE5Bl

 (Reporting by Paolo Laudani, Anna Pruchnicka)

 ((Paolo.laudani@thomsonreuters.com))