Global Market: European Stocks Edge Lower as Kering Slumps, Oil Prices Rise
7 Articles
7 Articles
The Economic Times
Times of IndiaGlobal Market: European stocks edge lower as Kering slumps, oil prices rise
European shares slipped as Kering plunged 10.4% following weak Gucci sales, while rising oil prices and French political uncertainty dampened sentiment. The STOXX 600 fell 0.13%, extending losses amid AI stock volatility and debt concerns. Holcim gained 5.2% after raising its earnings forecast, offering limited support to markets.
European shares fell in early trade as shares in luxury goods company Kering fell after the release of its quarterly results. Higher oil prices and political uncertainty in France contributed to the cautious mood. The pan-European STOXX 600 index fell 0.13% to 636.50 points at 10:18 Greek time. Kering shares fell 10.4% as third-quarter sales at the group's flagship Gucci fell. Oil prices rose more than 1%, with Brent crude moving to its highest …
https://www.tradingsat.com/kering-EN0000121485/actualites/kering-les-sales-de-gucci-se-deteriorent-kering-sweet-une-lourde-sanction-boursiere-12-et-son-horizon-s-s-s-s-ambrit-1172358.html
Uncertainty in France is weighing on the investment climate.
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