Luxury sector bellwether Richemont jumped 16% after reporting a better-than-expected 10% increase in fiscal third-quarter sales, while France's LVMH, Kering and Christian Dior all rising. Retailers Moncler, Burberry, Swatch and Hermes also crowded around the top of the Stoxx index.

The drop in Apple shares Thursday broke a three-day winning streak for the S&P, despite big banks posting upbeat earnings.

Bank of America and Morgan Stanley earnings are out. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

Despite Chinese sales dropping 18%, Richemont reports 10% increase The ... A London-listed ETF, the Amundi S&P Global Luxury UCITS ETF UK:LUXG, jumped 4%, after a 2024 when it was basically ...

TD Cowen analyst Oliver Chen upgraded the rating on Compagnie Financiere Richemont SA (CFR – Research Report) to a Buy today, setting a price target of CHF163.00. Discover outperforming stocks ...

Bank of America and Morgan Stanley earnings are out. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

Of the 28 companies in the S&P 500 that have reported fourth-quarter earnings, 82.1% have exceeded estimates, according to LSEG data.

Indexes were slightly lower Thursday. Stocks dipped after posting the best day since November on Wednesday, fueled by bank earnings and tame CPI data.

Fears of a technical recession were stoked today by figures showing the UK barely grew in November. The 0.1% rise in GDP came in short of expectations, raising the prospect of an interest rate cut next month. On the corporate front, Whitbread, Taylor Wimpey and Deliveroo have posted updates.

Markets extended a global rally Thursday after below-forecast US inflation provided a much-needed shot of relief to investors and revived hopes for interest rate cuts this year.

European stock markets continued their climb, with the DAX repeatedly reaching new highs this week. Performance was driven by expectations of loosening monetary policy and strong corporate quarterly earnings.

The gains came after data showed US core inflation came in at 0.2%, marking the first step down in six months and reinvigorating some bets that the Federal Reserve will lower interest rates further this year. Ten-year Treasury yields, which slid 10 basis points after the data, held steady on Thursday.