Group 1: Market Overview - US stock futures rose on Wednesday, with Dow Jones Industrial Average futures up approximately 0.4%, S&P 500 contracts increasing by 0.6%, and Nasdaq 100 contracts rising by 0.8% [1] - A solid start to the earnings season is boosting market sentiment despite ongoing US-China trade tensions and a prolonged US government shutdown [1] Group 2: Company Earnings - Bank of America reported a 23% increase in profit, benefiting from a surge in major deals on Wall Street [2] - Other companies reporting include PNC Financial and Abbott Laboratories, with ASML and LVMH also showing surprise earnings beats that positively impacted their stock prices [2] Group 3: Federal Reserve Insights - Federal Reserve Chair Jerome Powell indicated that "downside risks to employment appear to have risen," suggesting potential for more interest rate cuts [3] - Investors are closely monitoring Powell's comments due to the current lack of economic data resulting from the government shutdown [3] Group 4: US-China Trade Tensions - US-China trade tensions remain a concern, with President Trump considering an embargo on cooking oil from China in response to China's reduction in US soybean purchases [4] - China's recent sanctions on five US subsidiaries of South Korean shipbuilder Hanwha have further escalated these tensions [4]

Core Insights - The Christian Dior Group reported revenue of €58.1 billion for the first nine months of 2025, showing resilience and innovative momentum despite geopolitical and economic disruptions [1][11] - The Group experienced 1% organic growth in the third quarter, with improvements across all business groups and regions, except for Europe where tourist spending declined due to currency fluctuations [2][4] Revenue Performance - Revenue by business group for the first nine months of 2025 compared to 2024: - Wines & Spirits: €3,917 million, down 7% reported, down 4% organic - Fashion & Leather Goods: €27,611 million, down 8% reported, down 6% organic - Perfumes & Cosmetics: €6,040 million, down 2% reported, stable organic - Watches & Jewelry: €7,409 million, down 2% reported, up 1% organic - Selective Retailing: €12,613 million, stable reported, up 3% organic [3][14] Business Group Highlights - **Wines & Spirits**: Slight organic growth in Q3, with improved performance in champagne and wines, but overall revenue declined in the first nine months due to trade tensions affecting key markets [5] - **Fashion & Leather Goods**: Revenue declined in the first nine months, but showed improvement in Q3, driven by local customer resilience and successful product launches [6] - **Perfumes & Cosmetics**: Stable revenue with successful product launches, including Miss Dior Essence and Dior Homme Parfum, maintaining a robust innovation policy [8] - **Watches & Jewelry**: Organic growth in the first nine months, with strong performances from Tiffany & Co. and Bvlgari, showcasing expert craftsmanship [9] - **Selective Retailing**: Revenue growth driven by Sephora's sustained performance and market share gains, alongside improved trends in DFS [10] Outlook - The Christian Dior Group remains confident in its strategy to enhance brand desirability and reinforce its global leadership position in luxury goods amid an uncertain economic environment [11]

MILAN — The European Union’s antitrust authority has fined luxury brands Gucci, Loewe and Chloé a total of more than 157 million euros alleging the companies have engaged in anticompetitive pricing practices. Following initial investigations commenced in 2023 and carried out via unannounced inspections at the brands’ premises, the European Commission opened formal proceedings a year later into alleged infringement of so-called resale price maintenance, or RPM. More from WWD According to the antitrust watc ...

By Tassilo Hummel and Mimosa Spencer PARIS -France's LVMH reported a 1% rise in third quarter sales on Tuesday, helped by improved demand in China, as the luxury goods industry grapples with a prolonged slump. It was the first quarter of slight growth this year for the world's largest luxury goods group, which is seen as a sector bellwether with operations spanning fashion, alcohol and retail. Trends in Asia excluding Japan, a market dominated by China, showed "noticeable" improvement nine months into t ...

LVMH sales unexpectedly returned to growth in the third quarter as shoppers splurged on Moët & Chandon Champagne and Dior perfumes https://t.co/Y9ilZ6HJFY ...

Group 1 - LVMH, the world's largest luxury goods group, reported a 1% rise in third-quarter sales [1] - Improved demand in China contributed to the sales increase [1] - The luxury goods industry is currently facing a prolonged slump [1]

Market Overview - The Dow Jones Industrial Average dropped 504 points (1.1%), the S&P 500 lost 1.3%, and the Nasdaq Composite slid nearly 2% on October 14, 2025, due to renewed trade tensions between the U.S. and China [2][11] - The Cboe Volatility Index (VIX) spiked above 22, indicating heightened anxiety among investors [2][13] Trade Tensions - China's new trade sanctions target U.S. subsidiaries of South Korea's Hanwha Ocean, effectively blocking them from operating in China, which investors perceive as retaliation against U.S. tariff threats [6][8] - The sanctions are part of escalating tensions over rare earth exports, crucial for technology and electric vehicle manufacturing [11][13] Impact on Technology Sector - AI and tech stocks, which had previously driven market gains, were hit hardest during the sell-off, with Nvidia down 3.9%, Tesla down 3.8%, and Oracle down 4.3% despite strong earnings reports [3][12][18] - The ongoing geopolitical risks overshadowed positive corporate earnings, leading to declines in major financial institutions like Goldman Sachs, JPMorgan, and Wells Fargo, even after they beat earnings estimates [15][16][18] Economic Outlook - The U.S. government shutdown is projected to continue into November, potentially trimming 0.8 percentage points from GDP and affecting 750,000 federal workers, which could dampen investor sentiment [6][23] - The International Monetary Fund warned of significant risks to banks if issues arise in non-bank financial institutions, with European lenders being particularly exposed [21] Global Market Reactions - European stocks also fell, with the Stoxx Europe 600 dropping 0.7% and the France CAC 40 slipping 0.5% amid increasing trade worries [19] - Commodities saw mixed reactions, with gold hitting an all-time high while crude oil prices slid 2% due to fears of slowing global demand [25]

LVMH named former Dior creative director Maria Grazia Chiuri as chief creative officer of Fendi https://t.co/4IEFg5lkOz ...

Core Viewpoint - The former Dior creative director is set to unveil her first collection in Milan next February [1] Group 1 - The designer's transition from Dior to her own brand marks a significant milestone in her career [1] - Milan is chosen as the venue for the debut collection, highlighting the city's importance in the fashion industry [1]

French luxury group LVMH on Tuesday said it named Maria Grazia Chiuri, the former Dior designer, the new creative director of Italian fashion label Fendi. ...