đ European luxury stocks are on fire! đ„
- Hermes, Richemont, and LVMH shares soared over 15% this week.
- The boost follows China's pledge for massive economic stimulus, including interest-rate cuts and liquidity support.
- This is a welcome change for luxury brands, which have struggled with weak Chinese demand this year.
- China's retail sales grew just 2.1% last month, below the expected 2.5%.
Will this stimulus reignite luxury spending in China? Share your thoughts below! đŹ
#Economy #Forex #Crypto #LuxuryBrands #China #Investing