{
}
LVMH shares experienced a 1.2% increase to EUR 609.40 after hitting a yearly low of EUR 578.80, following disappointing quarterly results. The stock must break above EUR 611.50 to improve its outlook, while a drop below EUR 600 could lead to further declines towards EUR 582.10 or lower.
Investors are increasingly divesting from the UBS ETF - MSCI World Socially Responsible ETF A, which recently slipped 0.01% to EUR 0.02. The fund reached a low of EUR 154.50 during the STU session and has seen a 52-week low of EUR 115.00 on October 28, 2023, with 46,992 shares traded.
EssilorLuxottica reported third-quarter 2024 sales of €6,437 million, falling 2% short of forecasts, with a constant exchange rate growth of 4.0%. UBS maintains a Buy rating with a price target of €232, citing a strong start to the quarter and reassuring fourth-quarter forecasts despite a challenging environment. Concerns about margin expansion in the latter half of 2024 have been raised.
Art Basel Paris, debuting at the Grand Palais from October 18 to 20, is quickly becoming a key player in the European art fair scene, attracting 195 exhibitors despite a challenging market. The event features new sections and collaborations with luxury brands, appealing to a diverse audience, particularly Asian visitors. Amid rising costs and a cautious collector base, the fair embodies a unique allure, driven by passion rather than investment potential.
LVMH shares experienced a slight recovery, rising 1.2% to EUR 609.40 after hitting a new low of EUR 578.80 earlier in the week. The stock remains in a downward trend, with key resistance at EUR 611.50 and potential support at EUR 600, while further declines could test levels around EUR 567.00 and EUR 535.00.
The DAX reached a record high of 19,675 points following the ECB's interest rate decision, closing at 19,583, up 0.8%. If gains continue, the next resistance level is 19,634, with a potential rise towards 20,000. Conversely, a decline could see support at 19,492 and lower levels around 19,250.
AUD/USD and GBP/USD have found interim support after a week of dollar strength, with AUD/USD recovering from a low of $0.6659. Minor resistance is noted at $0.6730 and $0.6759, while GBP/USD hovers above a two-month low, with support at $1.2903.EUR/JPY continues to trade below the ¥162.89-to-¥164.24 resistance zone, with potential support between ¥161.01 and ¥160.60. A break above resistance could signal a medium-term bullish reversal.
US indices are set for historic gains, with the S&P 500 and Dow Jones on track for their best run since late 2023. The ASX 200 reached a record high, driven by strong bank performance, while key economic indicators showed positive trends in retail sales and job growth.Looking ahead, significant events include the Reserve Bank of Australia's speech and the release of various PMIs in the US, Europe, and Japan, alongside the third-quarter earnings season featuring major companies like Tesla and Boeing.
UBS has downgraded its recommendation for A.P. Möller-Maersk from "buy" to "neutral," resulting in a 1% drop in share price to DKK 10,235. The price target has been reduced from 13,953 to 11,000 Danish kroner, reflecting current market conditions and future outlook concerns. Despite a recent decline, the share price has increased by 156.72% year-on-year.
EUR/USD and GBP/USD are expected to decline further following a weaker-than-expected UK inflation report, with EUR/USD targeting the August low of $1.0778 after falling below the 200-day SMA. Meanwhile, EUR/GBP shows signs of stabilization, bouncing back from recent lows. GBP/USD has dropped to a two-month low, with resistance now at the $1.3000 to $1.3022 range.
Euro
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
LVMH shares show signs of recovery after recent price drop
09:13 18.10.2024
investors pull back from UBS socially responsible ETF amid declining values
09:09 18.10.2024
EssilorLuxottica reports mixed Q3 results as UBS maintains buy rating
09:00 18.10.2024
art basel paris emerges as a new hub for art collectors
United States Dollar
Euro
Louis Vuitton
Miu Miu
Guerlain SAS
FRA
Francois Ghebaly
Winston Churchill
Show more
08:49 18.10.2024
LVMH shares rebound slightly after hitting yearly low amid market concerns
08:46 18.10.2024
DAX reaches record high following ECB interest rate decision
08:42 18.10.2024
currencies find support as euro yen trades below key resistance
08:20 18.10.2024
us indices poised for gains as australian banks drive asx 200 higher
Euro
Chinese Yuan
United States Dollar
Japanese Yen
Tesla, Inc.
Coca-Cola Consolidated, Inc.
The Boeing Company
Lockheed Martin Corporation
American Airlines Group Inc.
CHN
JPN
AUS
USA
NZL
DEU
Lockheed Martin
Donald Trump
Coca-Cola
Joe Biden
Elon Musk
Show more
05:47 18.10.2024
ubs downgrades ap moller maersk shares amid market concerns
04:36 18.10.2024
euro and pound face further declines as inflation data impacts markets
23:54 17.10.2024
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Finance Mergers & Acquisitions
Retail and Consumer Goods
Global Financial Events
Market Analysis and Predictions
Banking Regulations
Industry Mergers & Acquisitions
CEO Changes
Global Trade Developments
Supply Chain Management
Workplace Trends
Startups & Entrepreneurship
Hedge Funds & Private Equity
Government Economic Policies
Central Bank Actions
Financial Scams and Security
Government Policies
Banking & Investment Regulations
Countries:
Companies:
Barclays PLC
BNP Paribas SA
Tesla, Inc.
Deutsche Bank RV Global PP
Raiffeisen Bank International AG
JPMorgan Chase & Co.
UniCredit S.p.A.
Apple Inc.
Strabag SE
Citigroup Inc.
Kering S.A. (ADRs)
The Goldman Sachs Group, Inc.
Banco BPM S.p.A.
UBS Group AG
Bank of America Corporation
Morgan Stanley
Berner Kantonalbank AG
Berkshire Hathaway Inc.
Microsoft Corporation
Google Inc.
Currencies:
United States Dollar
Euro
British Pound Sterling
Chinese Yuan
Swiss Franc
Indian Rupee
Japanese Yen
Vietnamese Đồng
Hong Kong Dollar
Australian Dollar
Russian Ruble
Brazilian Real
Filipino Peso
Malaysian Ringgit
United Arab Emirates Dirham
South African Rand
Indonesian Rupiah
South Korean Won
People: