LVMH
US equities retreat as S&P 500 slips 0.75%
Treasury yields rise, dollar strengthens amid global bond selloff and elevated inflation risks.
Nestlé faces forced asset seizures, potential Russia business loss
Swiss giant Nestlé reports share price decline amid Russia’s seizure of two subsidiaries, raising concerns over potential write-downs and operational disruption.
SMI falls 0.8% as Novartis and Swiss Re lead losses
Switzerland's benchmark index closed at 14,279 after Novartis and Swiss Re weighed, while ABB, Kühne+Nagel and semiconductor suppliers offset some declines.
EuroStoxx 50 Rises 0.32% to 6,382.59 as Media Leads, Luxury Lags
European equities posted modest gains on Thursday, buoyed by hawkish comfort from Fed's Waller. Media stocks surged on a PepsiCo deal; luxury names slipped on weak China signals.
Swiss SMI slides over 1%, LVMH hits six‑year low, ABB leads gains
The Swiss market index fell to 14,221 as LVMH reached its lowest level since 2018, while ABB posted the biggest rise; USD/CHF slipped to 80.89 Rappen and US exchanges stayed closed for a holiday.
European stocks rise as Adyen surges after earnings beat
Earnings-driven gains led by Dutch payments firm Adyen, offsetting broader European market caution. DAX, CAC 40 and FTSE 100 all advance.
Lululemon seen as potential acquisition target with 80% upside
Analysts flag Lululemon as a prime takeover candidate, projecting shares could rise nearly 80% to reach fair value estimates.