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European Stocks Buoyed by LVMH and Adidas With Earnings in Focus

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  • Bloomberg

    Bloomberg

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Chief Investment Officer Daniel Varela's account of European equities appeared in Bloomberg on 17 April 2024.

 

Bloomberg - European stocks rose as investors focused on the latest earnings news, with reassuring results from LVMH spurring gains in luxury names that helped to outweigh weakness in the tech sector after orders at ASML Holding NV missed estimates.

 

“An increase in risk aversion continues to build on risky assets which penalizes the stock markets, while supporting the dollar and gold prices,” analyses Daniel Varela. Still, with investor sentiment very low, stock markets could “progressively recover lost ground over the days ahead, if political tensions subside somewhat,” he added.

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