Shares in LVMH were on track for their largest drop in 14 months on Wednesday after the luxury goods group's latest sales figures disappointed investors hoping for stronger signs of a rebound at the sector bellwether.

France's largest conglomerate LVMH is turning its eyes the the United States in order to avoid higher taxation in Europe. Billionaire CEO Bernard Arnault is also hoping to leverage his friendship with President Donald Trump in order to garner favorable treatment.

Equity markets diverged Wednesday as attention turned away from recent turbulence in tech stocks to the outlook for interest rates, with the Fed and the ECB both holding their first major meetings of the year.

Uncertain start for Europe that looks to the Fed tonight and then to the ECB. In Milan Mps runs, Generali yields on the day of the board of directors. Luxury stocks collapse dragged down by the disapp

The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.

LVMH says 2025 is off to a good start as it reports an increase in sales in its most recent quarter. US President Donald Trump is offering buyout packages to almost all federal workers who do not

European shares closed at a record high on Wednesday, boosted by technology stocks following strong results from chip equipment maker ASML, while investors shifted their focus to a monetary policy verdict by the U.

Elsewhere, LVMH (EPA: LVMH) stock fell 5%, dragging the French market lower, as sales growth posted by the luxury goods group failed to impress, with investors hoping for stronger signs of rebound from the sector bellwether following a string of strong results from rivals.

European stocks closed mostly higher on Wednesday as investors focused on corporate earnings news and looked ahead to policy

European markets hit new highs, driven by tech stocks' robust performance, notably chipmaker ASML's positive results. Anticipation surrounds the U.S. Fed and ECB outcomes. Germany's DAX soared with Deutsche Telekom,