We think that like the game of snakes and ladders, 2025 will see many ups and downs for the luxury sector,” Bank of America analysts said.

Bank of America and Morgan Stanley are due to report earnings. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

Bank of America and Morgan Stanley earnings are out. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

Dior, LVMH, Kering and Hermes among the luxury goods companies to advance after Cartier owner Richemont posted strong quarterly earnings

Cartier-owner Richemont's sales report on Thursday will be the main event during European hours, giving the first insight into the health of high-end demand as luxury firms pin their hopes on U.S. consumers, while weakness persists in China.

The CAC 40 in France was Europe's outstanding performer on Thursday, as its heavy weighting of luxury-goods groups pushed the index up 1.8%. The rally came after Swiss-listed Richemont, whose brands include Cartier and Montblanc,

Asian markets extended a global rally Thursday after below-forecast US inflation provided a much-needed shot of relief to investors and revived hopes for interest rate cuts this year.The inflation figures tempered worries that the Federal Reserve might not cut rates this year -- or possibly even hike them -- following a blockbuster jobs report on Friday.

Cartier owner Richemont reported record quarterly sales on Thursday, beating expectations as a slump in key market China was offset by robust demand in other regions. The group said sales reached €6.2 billion ($6.3 billion) in the third quarter ending on December 31, a 10% rise from the same period in 2023.

Higher rates are dimming hopes for a recovery in the sluggish housing market. The central bank expects to be the first among major monetary authorities to unwind pandemic-era asset purchases. Consumers powered through concerns about high inflation and the U.S. job market for a 4% lift in holiday retail sales.

US shares and bond prices held on to their inflation-inspired gains from the previous session on Thursday as traders digested data showing a small increase

Global equities mostly pushed higher on Thursday as strong earnings and inflation data reassured investors. US equities had rallied on Wednesday thanks to strong bank earnings and inflation data that provided a much-needed shot of relief to investors,

Speculation has been rife that Burberry's weak share price, down more than 60 per cent since April 2023, has left it vulnerable to predators.