Tariffs threaten to blow a hole in European luxury sales. Citi picks the winners and losers

Tariffs threaten to blow a hole in European luxury sales. Citi picks the winners and losers




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European markets rebound as Israel-Iran attacks continue; Renault down 6%
World

European markets rebound as Israel-Iran attacks continue; Renault down 6%

European banks, oil stocks lead markets higher European Stoxx 600 banks were 1.3% higher at 9:55 a.m. U.K. time, while oil and gas stocks gained 1.18% as investors took in the latest from the Israel-Iran conflict — which is driving crude oil prices sharply higher and reigniting inflation concerns. Sectors in decline include health-care, down […]

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Shares of Gucci-owner Kering pop 7% on reports Renault’s de Meo to be next CEO
World

Shares of Gucci-owner Kering pop 7% on reports Renault’s de Meo to be next CEO

A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024.  Bloomberg | Bloomberg | Getty Images Shares of French fashion house Kering popped 7% on Monday on reports that it has appointed industry outsider Luca de Meo as group CEO. It comes as the owner of […]

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CNBC Daily Open: Financial markets seem to find their footing after digesting Israeli strikes
World

CNBC Daily Open: Financial markets seem to find their footing after digesting Israeli strikes

Smoke rises in the distance following an Israeli airstrike in Tehran, Iran, on June 14, 2025. \ Khoshiran | Afp | Getty Images Israel’s airstrikes on Iran Friday sent reverberations through financial markets. Oil prices jumped on fears that supply from Iran, the world’s ninth-largest oil producer in 2023, would be disrupted. Prices of gold, […]

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