ASML posted stronger-than-expected orders in the third quarter and said sales next year would be at least on par with 2025, as AI fueled demand for its chip-making machines.
LVMH shares surged after the owner of Louis Vuitton and Christian Dior unexpectedly returned to sales growth in the third quarter, suggesting a slump in luxury demand is easing. Revenue rose 1% on an organic basis, snapping two quarters of declines.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Lizzy Burden.
Chapters:
00:00:00 – The Opening Trade
00:02:07 – Stocks Rally on Fed’s Powell
00:05:33 – France: Lecornu Wins Socialist Party Backing
00:05:55 – ASML, LVMH Earnings
00:10:24 – Trump Plans to Pay Troops
00:10:33 – Stellantis to Invest $13B in US
00:11:10 – Bouygues-led group 17B SFR Bid
00:13:33 – Powell Signals Rate Cut
00:14:45 – French Bonds Rally
00:26:03 – Bank Earnings
00:38:21 – Lecornu’s Draft Budget
00:47:21 – Stocks to Watch: LVMH, ASML, Stellantis
01:04:50 – ASML Stock
01:13:07 – Kering 52-Week High
01:14:26 – Trump Reignites China Trade Tensions
01:23:31 – Gold Rallies Again
01:28:32 – China, Rare Earth Metals Threat
01:32:27 – ASML Says it Has All Materials for ComingMonths
——–
More on Bloomberg Television and Markets
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