{"id":82831,"date":"2023-04-13T13:36:51","date_gmt":"2023-04-13T09:36:51","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=82831"},"modified":"2023-04-13T13:36:53","modified_gmt":"2023-04-13T09:36:53","slug":"luxury-goods-stocks-lead-the-european-stoxx-600-index-to-gains","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/luxury-goods-stocks-lead-the-european-stoxx-600-index-to-gains\/04\/13\/market-updates\/","title":{"rendered":"Luxury goods stocks lead the European Stoxx 600 index to gains"},"content":{"rendered":"\n<p>European stocks rose on Thursday, boosted by gains in luxury stocks after a report showed fashion firm LVMH posted strong first-quarter sales and on hopes the Federal Reserve will halt its tightening cycle after lower-than-expected inflation data.<\/p>\n\n\n\n<p>The pan-European Stoxx 600 index was up 0.3% by 0710 GMT.<\/p>\n\n\n\n<p>The Stoxx 50 blue-chip index rose 0.4 percent, after hitting a 22-year high on Wednesday.<\/p>\n\n\n\n<p>LVMH, the world&#8217;s largest luxury company, jumped 4.5% after announcing a 17% increase in first-quarter sales that topped previous estimates as business in China rebounded sharply.<\/p>\n\n\n\n<p>Shares of other companies such as Swiss luxury goods Richemont rose 3.8 percent and France&#8217;s Hermes rose 2.9 percent.<\/p>\n\n\n\n<p>In Britain, there was little change in the Financial Times 100 index after data showed that the British economy failed to achieve growth as expected in February, as public sector workers&#8217; strikes affected production.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks rose on Thursday, boosted by gains in luxury stocks after a report showed fashion firm LVMH posted strong first-quarter sales and on hopes the Federal Reserve will halt its tightening cycle after lower-than-expected inflation data. The pan-European Stoxx 600 index was up 0.3% by 0710 GMT. The Stoxx 50 blue-chip index rose 0.4 &hellip;<\/p>\n","protected":false},"author":9,"featured_media":71676,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7211,6877,6928,6882],"class_list":["post-82831","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=82831"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82831\/revisions"}],"predecessor-version":[{"id":82832,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82831\/revisions\/82832"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71676"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=82831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=82831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=82831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}