$MC.PA

Reuters reports that China’s luxury spending is shifting from designer handbags toward prestige beauty as property weakness and softer confidence make prices more decisive. Analysts cite higher “intention to spend” in prestige beauty versus leather goods (37% vs 4%). L’Oreal and Estee Lauder report stronger top-end skincare growth, while Hermes and LVMH say demand is flat to slightly firmer.

Simply Wall St reports LVMH Moët Hennessy Louis Vuitton (EPA:MC) interim results. Revenue was €39b, in line with forecasts, while statutory profit was €11.51 per share, slightly above expectations. For 2026, analysts kept revenue at €81.0b and EPS at €22.47, up from prior €21.95. Consensus price target stayed €570.

Australian futures point to a 0.9% gain at the open as markets react to a softer rate outlook ahead of Australia’s June-quarter inflation data and the US Fed decision. Tuesday’s ASX 200 rose 0.6% to 8,947.8. Commonwealth Bank gained 1.5%, while Viva Energy rose over 8% on a positive update. Wall Street was mixed; Microsoft rose 1.1% ahead of earnings.

European stocks edged higher despite a global sell-off in semiconductors. Ireland’s Iseq rose 0.3% on light volume. Kerry Group gained over 3% ahead of half-year results; Unilever jumped nearly 9% after raising annual guidance. In the US, the Nasdaq recovered after tech entered correction; Micron, Nvidia, Intel, TSMC and SK Hynix fell.

European stocks rose modestly as strong earnings from Unilever, LVMH, Orange, Mercedes-Benz, BMW, Volkswagen and Safran offset inflation and Fed/ECB rate concerns. STOXX 600 gained 0.2%, DAX 0.2%, CAC 40 0.5%, FTSE 100 flat. Unilever jumped 6% on Q2 underlying sales above forecasts; Philips fell 8.5% despite better core earnings.

European stocks were slightly higher early Tuesday, with the STOXX 600 up 0.2%. Unilever gained about 6% after beating Q2 underlying sales growth forecasts. LVMH rose 2.6%, Orange nearly 4%, and Mercedes-Benz 3.5% after earnings updates. Oil price declines were offset by higher fixed-income yields ahead of the Fed and ECB.

LVMH Moët Hennessy Louis Vuitton reported first-half earnings nearly flat, while revenues declined, according to the company. The firm said sales rose slightly as US luxury demand offset impacts from the war. The update matters for investors tracking luxury demand and LVMH’s near-term earnings outlook.

Luxury firms face weak fashion demand and reduced Middle East spending, shifting investor focus to jewelry. Analysts cited by Vontobel and Barclays say jewelry offers steadier growth and margins. Richemont’s Cartier and Van Cleef & Arpels jewelry sales rose 24% in Q to June 30. LVMH expects Watches and Jewelry growth to rise to 8% in 2026. LVMH, Kering, and Hermes report next.

CAC 40 rose 0.73% to 8,424.14 as investors weighed Middle East tensions and higher oil prices. Brent crude was up 4.41% to $95.02. Airbus gained nearly 6% after announcing a €5 billion buyback and 2026 outlook. TotalEnergies, Engie and other large caps also advanced ahead of an ECB decision.

European stocks fell on Friday on Middle East tensions. Stoxx Europe 600 slipped 0.34% to 641.53. Germany’s DAX -0.34%, France’s CAC 40 -0.47%, Italy’s FTSE MIB -0.94%, Spain’s IBEX 35 -0.45%. FTSE 100 rose 0.27% on Labour leadership news. ASML -3.8%, Burberry -6.4%, Volvo Cars -11%; oil firms gained. Eurozone inflation 2.8% y/y; Bank of Italy growth forecast raised to 0.6%.