LVMH, L'Oreal Face China Pain: EMEA Earnings Week Ahead [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Yahoo! Finance
(Bloomberg) -- Luxury giant LVMH SE and Nordic telecommunication archrivals Ericsson AB and Nokia Oyj are set to usher in the first-quarter reporting season this week. Most Read from Bloomberg Israel Versus Iran — What All-Out War Could Look Like Texas Warns of Possible Power Emergency Next Week Apple Faces Worst iPhone Slump Since Covid as China Rivals Rise Iran's Missile Barrage Was an Error Israel Can Gain From Israel Grapples With New Phase in Its Multi-Front War With Iran Last month's shock warning by Kering SA set a worrying tone for LVMH and beauty specialist L'Oreal SA as fears of a pullback in Chinese consumer spending pressure luxury stocks. L'Oreal warned in February that the Chinese market probably won't be “over-dynamic” in the first half of 2024. “A sales growth recovery in the first half of 2023 and extended uncertainty over China spending make for a challenged start to 2024 for the luxury goods industry,” said Bloomberg Intelligence senior industry ana
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