Luxury goods companies lead the rally in European equities

European equities reached a record, Friday, with the luxury goods sector in upside, supported by strong earnings from Richemont, the owner of the Cartier brand.

At 08:28 GMT, the European Stoxx 600 index rose 0.1%, setting a new one record in prime stages of negotiation.

Shares of Richemont were up 7.8% after the company’s profits passed the pace Forecasts for the first half of the fiscal yearAnd he said he was looking for investors for his Yoox unit in lost, in a move that should appeal to shareholders.

Home and personal goods stocks led the way, with LVMH luxury goods jumping after news that Louis Vuitton plans to open its first store duty-free in China.

Shares of German telecommunications firm Deutsche Telekom rose 2.1% after its profits exceeded expectations and raised full-year forecasts for the third time, increasing the number of subscribers to its US unit T -Mobile.

Shares in Italian infrastructure firm Atlantia were up 1.2% after the company raised its forecast for 2021.

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