As European scholarships operate mostly higher this Wednesday morning (15), as positive balance and LVMH triggered a rally in shares of luxury sectorleading investors to put concerns about trade tensions between the US and China temporarily aside.
At around 6:35 am (Brasília time), the pan-European Stoxx 600 index advanced 0.71%, to 568.55 points.
In Paris, LVMH rose 14.3%, after revealing that its sales returned to growth in the third quarter.
Following LVMH, which is considered a reference for the luxury goods industry, Christian Dior and Kering advanced 14.1% and 7% in the French market, while Moncler rose 9.2% in Milan and Burberry gained 7.4% in London.
In other sectors, the Dutch ASML (+3.8%, in Amsterdam), which announced stronger-than-expected orders for its chip manufacturing equipment, and the automaker Stellantis (+2.4%, in Milan), which yesterday announced plans to invest US$13 billion in the USA over the next four years, also stood out positively.
On a day of risk appetite, the most recent tariff dispute between Washington and Beijing took a backseat.
Yesterday, US President Donald Trump accused China of “economic hostility” for not buying American soybeans and
In the macroeconomic sphere, industrial production in the euro zone suffered a monthly drop of 1.2% in August, but analysts’ forecast was for a greater contraction.
Leading the gains in Europe, at 6:50 am (Brasília time), the Paris Stock Exchange jumped 2.55% and the Frankfurt Stock Exchange advanced 0.20%, while those in Milan, Madrid and Lisbon showed respective gains of 0.43%, 0.78% and 0.77%. In the opposite direction, London fell 0.24%.
