The focus is on stock: Swatch pulls luxury up

The shares of Swatch In the afternoon trade on Wednesday.

After a jump to CHF 151, there was a plus of 4.4 percent to CHF 147.55. Several dealers: Inside, referred to soothing statements in a telephone conference on the US business. The watch concentration assured that the market develops strongly and that the tariffs were to be managed. There was no official media release from Swatch or presentation material.

The shares of the luxury goods manufacturer Richemont won the shares of the luxury goods manufacturer in Swatch At the SMI
-Spitze 3 percent. The titles of French competitors LVMH and Hermes with course premiums of 3.2 and 2.2 percent, took the front places in the EuroStoxx 50 while Kering
increased by 2.4 percent. Burberry laid on the London stock exchange
2.9 percent.

In Frankfurt it was possible for the titles of the sports goods manufacturer Puma
2.9 percent high, while that of the domestic rival Adidas only won 0.6 percent. Puma had already been inspired by reports on a possible exit from the Pinault family, which holds 29 percent in the company at the beginning of the week. After the reset on Tuesday, the shares are still under their high on Monday despite the current increase.