LIVE MARKETS-STOXX 600 in the lap of luxury
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
STOXX 600 IN THE LAP OF LUXURY
Luxury stocks .STXLUXP are leading European shares higher on Friday after upbeat sales figures from Moncler MONC.MI have given the sector a pick-me-up.
The Italian high-end fashion brand reported expectation-beating sales figures in the fourth-quarter, with notable strong performance in the U.S. and Asia. Shares are up over 10%.
That has given a boost to other luxury names, with LVMH LVMH.PA, Dior DIOR.PA, Burberry BRBY.L and Hermes HRMS.PA all up over 2%.
More broadly, the STOXX 600 .STOXX is up 0.3%. Breadth is marginally positive, as advancing stocks outnumber falling stocks by about 1.4 to 1.
The luxury-heavy CAC 40 .FCHI is up 0.7%, the FTSE .FTSE is up 0.3% and the DAX .GDAXI is flat.
Here's your opening snapshot:
(Samuel Indyk)
EARLIER ON LIVE MARKETS:
EUROPE BEFORE THE BELL: FUTURES HIGHER, MARKETS SET FOR POSITIVE WEEK CLICK HERE
TRUMP THREATENS IRAN WITH FORCE CLICK HERE
US air bases with increasing military buildup https://www.reuters.com/graphics/IRAN-CRISIS/MILITARY-BUILDUP/zgpolwmjnvd/chart.png
European stocks rise, set for positive week 
Related Articles
Why the Yen Falls Further the More It Is Rescued: The Answer Lies in Japan’s Own Structural Contradictions
TradingKey - Entering early 2026, the attention of global investors is once again locked on the Japanese Yen (JPY). Despite the Bank of Japan (BoJ) gradually raising policy rates to a range of 0.5% - 0.75%, marking a definitive end to the era of negative interest rates, the yen continues to trend lower against the U.S. dollar.
What Is the Best Nuclear Energy Investment in 2026? Which Should You Buy in, OKLO or Nuclear Energy ETFs?
TradingKey - Demand for electricity is surging, and data centers designed for artificial intelligence are a big reason. Governments are also demanding cleaner, dependable power. This coupling has brought about a revival in nuclear power, with capacity expected to increase in the coming decades. To i
Stock Market Crash 2026: What Fed Signals and Economic Data Mean for Investors
TradingKey - The possibility of a stock market crash occurring in 2026 is becoming increasingly likely as investor sentiment continues to decline.
New Fed Chair Warsh Takes Office: Major Shift in Monetary Policy? US Dollar Short-Term Rebound, 2026 Investment Strategy Analysis
TradingKey - At the start of 2026, global financial markets witnessed a major leadership change as U.S. President Trump officially nominated Kevin Warsh as the next Federal Reserve Chair. Pending Senate confirmation, he will succeed Jerome Powell this May to lead the world’s most influential central bank.
