EUR/USD
1.16431
-0.138%
Gold
4471.02
-0.154%
Oil
58.135
-0.197%
USD/JPY
157.640
0.498%
GBP/USD
1.34116
-0.213%
GBP/JPY
211.425
0.298%
Real-time News
On January 9th, Bernstein analyst Luca Solca stated that the conflict between hedge fund portfolio rebalancing and new capital inflows into the sector could trigger volatility in European luxury goods stocks. Solca pointed out that institutional investors are seeking assurances of a recovery in Chinese consumer confidence and may withdraw from luxury stocks after their recent strong performance. Currently, European luxury goods stocks are generally rising, with Kering and Hermès leading the sector, up 2.7% and 2.6% respectively. LVMH and Brunello Gucci both rose by approximately 2%. Solca stated that Kering, which owns brands such as Gucci and Alexander McQueen, has seen its recent growth primarily driven by balance sheet restructuring, and future growth will face greater challenges, as brand revival is not something that can be achieved overnight.January 9th - Following President Trumps announcement this week of measures to ban institutional investors from purchasing homes, homebuilders continue to face significant uncertainty. Analysts at Zelman Associates stated that much of the uncertainty hinges on whether the ban covers homes "built specifically for rental," a business area that builders have increasingly relied on in recent years. If the ban includes such homes, builders could lose a counter-cyclical source of demand, potentially causing single-family home starts to decline by 5% to 10%. Analysts point out that if the ban excludes such homes, it could actually benefit homebuilders, as new homes would become "the only way for single-family rental operators to seek growth."Mizuho Bank raised its price target for Nvidia (NVDA.O) from $245 to $275.Mizuho Bank raised its price target for Micron Technology (MU.O) from $290 to $390.Mizuho Bank raised its price target for NXP Semiconductors (NXPI.O) from $265 to $285.
