Shares in LVMH were up by around 7% in early Paris trade on Friday following the French luxury giant's latest quarterly results, lifting peers including Pernod Ricard, Hermes and Kering which were all up by more than 3%.
Britain's fashion retailer Superdry said on Friday it does not expect market conditions to improve in the near term after a tough Christmas season, and added that Chief Financial Officer Shaun Wills will leave the company by the end of March.
Britain's Superdry said Chief Financial Officer Shaun Wills will step down at the end of March, while the struggling fashion retailer reported a wider half-yearly loss on Friday as unusual weather snubbed sales amid a cost-of-living crisis.
Two importer groups in the Philippines have issued two separate tenders each seeking to purchase between 45,000 to 48,000 metric tons of animal feed wheat, European traders said on Friday.
Malaysian palm oil futures eased on Friday tracking losses in rival edible oils, although the contract was set for a third weekly rise on forecasts of lower output amid good January exports.
Nonferrous metals traded largely mixed on Friday, but most were set for weekly gains on hopes of an improvement in demand from top consumer China following a raft of policy support.
Rosemary and Larry Brester have been running Hobart Machined Products since 1978, milling and grinding metal to make aircraft components out of a tiny building behind their home.
Chicago soybeans edged higher on Friday and were poised for their first weekly gain in a month, while corn was on track for its first weekly rise since mid-December, as short-covering supported prices.
Malaysian palm oil futures eased on Friday as it reopened after a public holiday, weighed down by a decline in Dalian edible oils prices, although the contract was set for a third weekly rise on forecast of lower output.
Base metals prices moved largely mixed on Friday but most were on track for a weekly gain, as a wave of policy support from top consumer China boosted risk sentiment.
Chicago soybeans edged lower on Friday, although the market was poised for its first weekly gain in a month, while corn was on track for its first weekly rise since mid-December as short-covering supported prices.
The United States has been losing corn export business to Brazil as the South American country continues expanding its output, though top customer Mexico has secured a record volume of U.S. corn for shipment this year.
U.S. soybean futures fell 1.4% on Thursday, pressured by weak export demand for U.S. supplies of the oilseed given strong competition from Brazilian supplies, along with sliding values for soybean oil, traders said.
The S&P 500 closed at an all-time high for a fifth straight session on Thursday after data showing strong U.S. economic growth in the fourth quarter boosted sentiment, while Tesla tumbled following a disappointing sales forecast.
Britain has suspended talks on a free trade deal with Canada amid unhappiness on both sides about the lack of access to agricultural markets, Canadian officials said on Thursday.
Levi Strauss & Co forecast annual sales and profit below Wall Street expectations on Thursday, and said it would cut 10% to 15% of global corporate jobs as the denim maker seeks to rein in costs amid weakness in its wholesale business.
The S&P 500 notched its fifth straight record high close on Thursday after news of strong U.S. economic growth in the fourth quarter boosted sentiment, while Tesla tumbled following a disappointing sales forecast.
Reuters
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