Deutsche Bank analyst Adam Cochrane maintained a Buy rating on Compagnie Financiere Richemont SA (CFR – Research Report) today and set a price

Analysts fell to the sidelines weighing in on Compagnie Financiere Richemont SA (CH:CFR – Research Report), Taylor Wimpey (GB:TW – Research

The CAC 40 in France was Europe's outstanding performer on Thursday, as its heavy weighting of luxury-goods groups pushed the index up 1.8%. The rally came after Swiss-listed Richemont, whose brands include Cartier and Montblanc,

Secondary market watch price trackers including the Subdial Bloomberg index and Chronopulse by Chrono24 are showing prices bottoming-out in October last year and bumping along the bottom or rising slightly in the three months since.

Indexes were slightly lower Thursday. Stocks dipped after posting the best day since November on Wednesday, fueled by bank earnings and tame CPI data.

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In a report released today, Zuzanna Pusz from UBS maintained a Buy rating on Compagnie Financiere Richemont SA (CFR – Research Report), with a

European shares rose nearly 1% on Thursday, with luxury stocks boosted by Richemont's upbeat earnings update and semiconductor firms making gains after TSMC reported record quarterly profit.

Piazza Affari slows down in the final and closes with a +0,4%, despite Moncler's jump. European luxury exploits after Richemont's accounts (+15%). Paris takes the pink jersey with Lvmh and Hermès. Wal

The gains came after data showed US core inflation came in at 0.2%, marking the first step down in six months and reinvigorating some bets that the Federal Reserve will lower interest rates further this year. Ten-year Treasury yields, which slid 10 basis points after the data, held steady on Thursday.

Dior, LVMH, Kering and Hermes among the luxury goods companies to advance after Cartier owner Richemont posted strong quarterly earnings

Rival LVMH jumped 7.8%, while a gauge of European luxury firms advanced 6.8%, set for its best day since 2022. The tech index, which houses the bulk of European chipmakers, advanced 1.4% after TSMC , the world's largest contract chipmaker, logged a record quarterly profit and said it expects hefty first-quarter revenue growth.