{"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 SlipsEuropean 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.ALT/FNDATA- Book a Data Sandbox demo: https://altfndata.com/go/cp-260609- Market reports: https://altfndata.com/go/cp-260609-r- Podcast episodes: https://altfndata.com/go/cp-260609-pLuxury Equities — The Close (close / prior day)- LVMH (MC.PA): EUR 492.30 / 482.45 (+2.0%)- Kering (KER.PA): EUR 255.20 / 249.00 (+2.5%, strongest)- Hermes (RMS.PA): EUR 1,665.50 / 1,643.50 (+1.3%)- Richemont (CFR.SW): CHF 167.75 / 164.95 (+1.7%)- The European luxury majors closed higherThe Tape Today- Bloomberg: Wall Street rotated out of large technology stocks into firms tied to improving growth- Oil fell; Treasuries held gains; gold slipped, near $4,280/oz (silver flat-to-up)- Reuters poll: economists see the Federal Reserve holding rates this year, rate-cut expectations fading as war-driven inflation persistsWatch Retail- Watches of Switzerland (WOSG.L): 694.0p / 710.0p (-2.3%, weakest on the board)- Swatch (UHR.SW): CHF 201.20 / 202.30 (-0.5%)- Product launches — listed groups: Blancpain Fifty Fathoms Tech (Swatch Group); Hublot x Antikythera (LVMH)- Product launches — independents: Chronoswiss Delphis Glacier, Yema Granvelle, Favre Leuba Deep Raider, DUG (Glashütte)Signet — The Buyback- Signet (SIG), parent of Kay, Zales, and Jared: USD 86.75 / 84.56 (+2.6%)- Follows Monday's $50M accelerated share repurchaseJewellery Leadership- Chanel names Marie-Laure Cerede to lead jewellery design (Business of Fashion)- Cerede previously led the studios of Cartier and Harry Winston, across jewellery and watchmaking- Chanel is privately held; Cartier is owned by Richemont (CFR)Ferrari- Ferrari (RACE): USD 357.52 / 351.57 (+1.7%)- Bonhams sells...","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}