In a sluggish stock market session, Moncler earns over 11%
The European stock markets improved in the final and closed higher, following the change of pace on Wall Street which, after an opening in red, is now moving into positive territory, with a series of important quarterly reports.
In Europe, we remain wary of Brexit developments and Standard & Poor’s verdict on the sovereign rating of Italy, France and Greece, but we also rely on a series of brilliant results from big fashion companies.
Paris rises by 0.64%, driven by Kering + 9%, which saw the turnover take off by 17% in the first nine months of the year with brands such as Gucci, Saint Laurent, Balenciaga, Alexander McQueen, Bottega Veneta, Boucheron, Brioni , Pomellato.
Even Piazza Affari scores a 0.36% rise, further improving yesterday’s 17-month record to reach 22,608 points.
The credit goes to Moncler, + 11.33%, thanks to accounts for the first 9 months.
The queen of quilts has managed to amaze, compensating for the decline in turnover in Hong Kong (-40% in the third quarter) with the acceleration in Mainland China, Korea and Europe. The outlook is reassuring with October starting in line with the third quarter, except for Japan. Ferragamo puts himself in the wake, rising by 1.9%
In the rest of Europe, Frankfurt + 0.16%; Madrid + 0.43%; Zurich + 0.91%. London is flat, -0.07%, while Jeremy Corbyn says he is ready to support Boris Johnson’s request for early elections on December 12, only if the premier commits to the Municipalities to exclude any hypothesis of divorce no deal from the European Union .
