With the exception of Germany's Dax, Europe's main stock markets were up slightly on Friday, as investors digested another salvo of corporate results.
In Paris, the CAC 40 gained 0.32% to 7,450.44 points around 07:25 GMT, driven by the rise of EssilorLuxottica and luxury goods in the wake of Hermes' good results.
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In London, the FTSE 100 gained 0.43%, while the Dax
in Frankfurt was down 0.38%, weighed down by announcements from BASF and Mercedes-Benz.
The EuroStoxx 50 index rose by 0.22%, the FTSEurofirst 300 by 0.02% and the Stoxx 600 by 0.08%.
In addition to corporate results, investors will be keeping an eye on the publication of the US PCE inflation index, the Federal Reserve's (Fed) preferred measure of price trends, at 12:30 pm GMT, which will be the macroeconomic highlight of the week. (Written by Blandine Hénault)
Hermès International specializes in the design, manufacturing, and marketing of luxury products. Net sales break down by family of products as follows:
- leather and saddlery goods (41.3%): purses, luggage, small leather goods, planners, writing items, saddles, bridles, riding objects and clothing, etc.;
- clothes, shoes, and accessories (28.9%);
- silk and textile products (6.9%);
- clock and watchmaking articles (4.6%);
- perfumes and beauty products (3.7%);
- other (14.6%): mainly jewelry and home decoration products.
At the end of 2023, the group had a network of 294 stores worldwide.
Net sales are distributed geographically as follows: France (9.5%), Europe (13.6%), Japan (9.4%), Asia/Pacific (46.7%), Americas (18.6%) and other (2.2%).