Stocks of luxury goods in Europe have room to run up, but they get expensive

LONDON (Reuters) – Europe’s luxury companies, the region’s top stock market performers in 2023, may see more gains driven by a rebound in Chinese spending, but for some the sector is starting to look too expensive. The likes of French luxury giant, Louis Vuitton owner LVMH, and Swiss jewelry company Richemont (CFR.S)They benefited from the … Read more

Brazilian markets stumble on Lula’s first full day in office

BRASILIA (Reuters) – Brazilian markets delivered a harsh judgment on leftist President Luiz Inacio Lula da Silva’s first full day on Monday after he pledged to prioritize social issues and ordered an extension of a fuel tax exemption over budget breaches. Lula’s decision to extend the fuel tax exemption, which would deprive the treasury of … Read more