LVMH, Hermes Climb to Record Highs as Luxury Lifts Europe Again
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March 31 2023

Commentary by Eoin Treacy

LVMH, Hermes Climb to Record Highs as Luxury Lifts Europe Again

This article from Bloomberg may be of interest to subscribers. Here isa section:

LVMH shares rise to a record high, contributing most to gains in the French and European indexes on Friday as analysts upgrade their estimates for the French luxury behemoth. Peer Hermes International also hits an all-time peak.

Eoin Treacy's view

News that foot traffic is ramping up in Macau is clearly positive news for the luxury goods sector as Chinese consumers hit the shops after a lengthy hiatus.

Hermes, LVMG and Richemont are trending consistently higher.

Ferrari has a similar pattern.

Swatch is firming from the upside of a four-year range.
The UK listed Amundi S&P Global Luxury UCITS ETF is firming from the region of the 200-day MA.

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LVMH, Hermes Climb to Record Highs as Luxury Lifts Europe Again Comment of the Day

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