🚀 European luxury stocks are on fire! đŸ”„

- 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! 💬

#Economy #Forex #Crypto #LuxuryBrands #China #Investing