• About
  • Privacy & Policy
  • Contact Us
Procurement Nation
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
No Result
View All Result
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
No Result
View All Result
Procurement Nation
No Result
View All Result

Elevated yields keep European shares under pressure, luxury stocks shine

Mark White by Mark White
January 24, 2022
in Suppliers
0


(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

Jan 19 (Reuters) – European shares slipped again on Wednesday as U.S. Treasury yields hit new highs, while luxury stocks stood out on upbeat trading updates from Richemont and Burberry.

The pan-European STOXX 600 index skidded 0.1% by 0812 GMT after hitting a one-week low in the previous session.

The U.S. 10-year and five-year Treasury yields held near two-year highs, while global tech stocks sold off as investors fretted over inflation and braced for tighter U.S. monetary policy.

The benchmark German 10-year bond yield rose above 0% for the first time since May 2019.

Retail stocks outperformed the benchmark, jumping 1.7%, after a slew of shining earnings results.

British luxury brand Burberry advanced 3.8% after saying a strong performance in outerwear and leather goods and a material improvement in Asia and Europe accelerated growth in its quarterly full-price sales.

Cartier owner Richemont climbed 6.9% after the world’s second largest luxury group said strong demand for its jewellery and watches in the Americas and Europe helped quarterly sales rise by nearly a third.

ASML Holding NV, a key supplier to computer chipmakers, gained 1.4% after posting better-than-expected quarterly profit and saying it expected sales growth of 20% in 2022. (Reporting by Anisha Sircar in Bengaluru; Editing by Subhranshu Sahu)



Source link

Previous Post

More Chinese provinces report cases linked to Beijing clusters

Next Post

LIVE MARKETS Bears at the gate

Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

Next Post
Nikkei nears 4-week low on tepid Wall Street, Omicron impact

LIVE MARKETS Bears at the gate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Privacy & Policy
  • Contact Us
Call us: +1 234 JEG THEME

© 2021 Procurement Nation - Supply Chain & Logistics News

No Result
View All Result
  • Procurement
  • Supply Chain
  • Logistics
  • Science
  • Technology

© 2021 Procurement Nation - Supply Chain & Logistics News