• Sun, Mar 1, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--
 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

28 January 2026 15:22  |

LVMH Falls, ASML Rises—European Stocks Heave a Breath

European stocks moved sluggishly in morning trading, as pressure from the luxury goods sector curbed gains in the technology sector. The Stoxx Europe 600 Index was flat, with mining stocks showing strength, while media and consumer staples were among the laggards.

The luxury sector fell after LVMH plunged 6.4%. The market was disappointed as the company reported a worse-than-expected decline in organic sales for its fashion and leather goods division in the fourth quarter. Meanwhile, the technology sector strengthened as ASML surged 6.1% after posting strong fourth-quarter orders and announcing a share buyback program of up to €12 billion.

Overall, European markets are recovering from last week's pressure triggered by concerns about trade tensions with the US. However, investors remain cautious as the focus is on the Federal Reserve's decision, which will be announced today, with expectations of a steady interest rate—which could potentially determine the direction of risk appetite going forward. (az)

Source: Newsmaker.id

 

 

Related News

MARKET UPDATE

Asia Slightly Red, Yen Remains Strong: Korean Tariffs Make ...

Asian markets moved slightly lower after tariff concerns resurfaced. South Korea was the focus: the Kospi fell around 0.9%, w...

27 January 2026 07:23
MARKET UPDATE

Asian Markets Tend to Be Cautious Following US Data Release...

Asian stock markets opened without a clear direction on Wednesday (August 6th), after weak US services sector data fueled unc...

6 August 2025 07:48
MARKET UPDATE

Asian Stock Markets Continue to Rise, S&P 500 Also Breaks R...

Asian stocks continued their two-day rally, following positive momentum from Wall Street that fueled a global rally. The MSCI...

23 December 2025 07:21
MARKET UPDATE

Asian Stocks Down, Focus on Korea, Middle East

Asian stocks started the week on a weak note, as investors grappled with South Korea’s political turmoil and awaited fresh ...

9 December 2024 07:43
BIAS23.com NM23 Ai