European markets lower after snapping nine-day winning streak; Richemont up 5.5%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 17 2024
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Source: CNBC
- European Markets: European markets opened lower after a nine-day winning streak, with most sectors trading negatively.
- Richemont Earnings: Richemont reported a 1% drop in fourth-quarter sales due to weaker demand in Asia-Pacific, but full-year sales rose to an all-time high.
- Lagercrantz Performance: Swedish company Lagercrantz traded at record highs after posting positive results for the fiscal year.
- Azelis Group Shares: Shares of Azelis Group fell as major shareholders sold over 10% of outstanding shares at a discount.
- BofA Securities Analysis: BofA Securities identified 20 important Asian stocks that have historically outperformed in rising markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
