{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Closing Price — Luxury Equities & Alternative Asset Signals","title":"European Luxury Closes Higher, Watch Retail Lower; Signet Gains After Its Buyback, Gold Slips","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/315c2de0\"></iframe>","width":"100%","height":180,"duration":374,"description":"June 9: European Luxury Closes Higher, Watch Retail Lower; Signet Gains After Its Buyback, Gold Slips\nEuropean luxury closed higher and the watch retailers closed lower. Signet gained the day after its buyback, Ferrari held its premium, Chanel named a Cartier veteran to lead jewellery design, and gold slipped — ahead of five watch auctions this week.\nALT/FNDATA\n- Book a Data Sandbox demo: https://altfndata.com/go/cp-260609\n- Market reports: https://altfndata.com/go/cp-260609-r\n- Podcast episodes: https://altfndata.com/go/cp-260609-p\nLuxury Equities — The Close (close / prior day)\n- LVMH (MC.PA): EUR 492.30 / 482.45 (+2.0%)\n- Kering (KER.PA): EUR 255.20 / 249.00 (+2.5%, strongest)\n- Hermes (RMS.PA): EUR 1,665.50 / 1,643.50 (+1.3%)\n- Richemont (CFR.SW): CHF 167.75 / 164.95 (+1.7%)\n- The European luxury majors closed higher\nThe Tape Today\n- Bloomberg: Wall Street rotated out of large technology stocks into firms tied to improving growth\n- Oil fell; Treasuries held gains; gold slipped, near $4,280/oz (silver flat-to-up)\n- Reuters poll: economists see the Federal Reserve holding rates this year, rate-cut expectations fading as war-driven inflation persists\nWatch Retail\n- Watches of Switzerland (WOSG.L): 694.0p / 710.0p (-2.3%, weakest on the board)\n- Swatch (UHR.SW): CHF 201.20 / 202.30 (-0.5%)\n- Product launches — listed groups: Blancpain Fifty Fathoms Tech (Swatch Group); Hublot x Antikythera (LVMH)\n- Product launches — independents: Chronoswiss Delphis Glacier, Yema Granvelle, Favre Leuba Deep Raider, DUG (Glashütte)\nSignet — The Buyback\n- Signet (SIG), parent of Kay, Zales, and Jared: USD 86.75 / 84.56 (+2.6%)\n- Follows Monday's $50M accelerated share repurchase\nJewellery Leadership\n- Chanel names Marie-Laure Cerede to lead jewellery design (Business of Fashion)\n- Cerede previously led the studios of Cartier and Harry Winston, across jewellery and watchmaking\n- Chanel is privately held; Cartier is owned by Richemont (CFR)\nFerrari\n- Ferrari (RACE): USD 357.52 /...","thumbnail_url":"https://img.transistorcdn.com/-hOE2p7i6o042-uL_U7DDqKjx_Az8ErebwSEdvS9Gfo/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jMTc5/NmRjNzQ2MTE0NmFl/YWY4OTQyODMxMTlh/ZGNiYy5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}