Amid the ongoing correction in tech stocks, the collapse in oil prices, and the anxious anticipation of Micron’s earnings, financial markets are trading cautiously this Wednesday.
At the opening this morning, the pan-European STOXX Europe 600 index was trading flat, the CAC 40 was up about 0.3% above 8,300 points, while the German DAX gained nearly 0.3%. London remained more hesitant, with the FTSE 100 also trading around the flat line.
And at midday, in the luxury sector, stocks are in the green: LVMH is up 1.43%, L’Oréal is up 2.06%, Hermès is up 0.29%, and Kering is up 0.80%.
Investors Await Micron’s Results
Global markets are now focused on Micron’s quarterly results, expected after the close of trading on Wall Street. The U.S. memory chip maker is seen as a leading indicator of momentum in the artificial intelligence sector, which has been driving equity markets for over a year.
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