The European luxury sector, renowned for its elegance and timeless appeal, finds itself at a critical juncture in 2024. As the global market grapples with the aftermath of the pandemic, luxury brands face a range of challenges and opportunities. This article explores insights from various sources to shed light on the outlook, focusing on the significance of Chinese consumer behavior, the performance of key luxury players, and the potential for growth and transformation.
Dear clients,
We would like to inform you that due to the Presidents’ Day in the U.S., on Monday, 19 February, 2024, the trading hours of some CFD markets will be changed as follows:
Meta, the parent company of Facebook, has once again made headlines with its impressive fourth-quarter earnings report, surpassing analyst expectations on earnings, revenue, and user growth. The announcement also included a first for the company: a dividend payment to its investors. This news sent Meta’s stock soaring 15% in extended trading.
Despite a rocky year in 2023, entertainment stocks are expected to rebound in 2024, as the tides are turning. Streaming and gaming services should recover, boosted by increased advertisement support and streaming bundles, analysts believe. Emerging markets, such as Indonesia, will also bring growth.
Despite early-year doubts, Europe’s stock market has defied expectations with a remarkable rebound in 2023. The Euro Stoxx 50, a key benchmark for European corporate giants, has surged by an impressive 19%, rebounding from a 12% drop in 2022.
This resurgence has been driven by a combination of factors, including easing economic concerns, improving corporate earnings, and a shift in investor sentiment.
And, against the background of the overall good performance, there are companies that stood out, posting impressive growth.
Dear clients,
We would like to inform you that due to the Martin Luther King Day in the U.S., on Monday, 15 January, 2024, the trading hours of some CFD markets will be changed as follows: