European markets closed higher Thursday, with luxury stocks soaring on strong results from Cartier owner Richemont
The regional Stoxx 600 index provisionally ended the day 0.93% higher, with most sectors in positive territory. Retail stocks pared earlier gains to fall 0.2%.
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.
Technology stocks closed 1.9% higher, with chip firms including ASM International and Be Semiconductor boosted by forecast-beating earnings from Taiwan Semiconductor Manufacturing Company.
Source : Bloomberg
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