[STOCK MARKET UPDATE] Luxury goods stocks benefit the CAC 40

The Paris Bourse closed on a positive note on Monday evening, reaching its highest level in almost a month, thanks to the big names in luxury goods. However, the trend reversed today.

On Monday December 9, LVMH shares led the CAC 40 with a 3.52% rise, buoyed by the Chinese economy. Beijing’s plans to ease monetary policy and increase fiscal spending over the coming year have reassured investors.

Bernard Arnault ‘s group was not the only one to benefit from the Chinese announcements: Kering ended the session up 3.48%, Christian Dior advanced 3.51%, L’Oréal gained 1.78% and Hermès appreciated 0.84%. These figures demonstrate, not surprisingly, the dependence of these companies on the Chinese economy.

Slight decline at opening and midday

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