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Luxury Stock Bulls Have to Wait Longer for a Revival

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Luxury Stock Bulls Have to Wait Longer for a Revival It seems there’ll be few fireworks to spark a strong year-end for luxury’s biggest names, leaving investors to wait until 2027 for any potential upswing. The MSCI Europe Textiles Apparel and Luxury Goods index is down 25% this year, seemingly unable to sustain a series of technical bounces in recent months. The slump is deeper than the 21% drop by the auto sector, the Stoxx 600’s worst-performing subindex.

Luxury Stock Bulls Have to Wait Longer for a Revival It seems there’ll be few fireworks to spark a strong year-end for luxury’s biggest names, leaving investors to wait until 2027 for any potential upswing. The MSCI Europe Textiles Apparel and Luxury Goods index is down 25% this year, seemingly unable to sustain a series of technical bounces in recent months. The slump is deeper than the 21% drop by the auto sector, the Stoxx 600’s worst-performing subindex.
Luxury Stock Bulls (ORG) Revival Luxury Stock Bulls (ORG) The MSCI Europe Textiles Apparel (ORG) Luxury Goods (ORG)
Originally published by Bloomberg Markets Read original →