Investors in French luxury group LVMH are eager for signs that China's new fiscal stimulus measures can finally pull wealthy and middle-class Chinese shoppers out of their funk, inspiring them to splash out on $4,300 designer leather handbags ahead of Singles Day, China's largest annual shopping spree. The global slowdown is most marked in China as economic uncertainty weighs on middle-class shoppers and makes those who can still afford luxury cautious about ostentation. LVMH shares, alongside peers Gucci-owner Kering, Hermes and Richemont, owner of Cartier, have been on a roller coaster this year.
Breaking
Veteran politician Roelf Meyer has been picked as South Africa’s ambassador to the US, following the expulsion of Ebrahim Rasool...
https://www.axios.com/2026/04/15/skycutter-ukraine-drone-dominance-pentagon...
https://www.axios.com/2026/04/15/china-favorability-poll-pew...
loading...