{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Closing Price — Luxury Equities & Alternative Asset Signals","title":"US Luxury Stocks Fall While Europe Climbs; Gold Sets Another Record; Watch Auctions Boom and Watch Stocks Stall","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/38ea5943\"></iframe>","width":"100%","height":180,"duration":322,"description":"June 16: US Luxury Stocks Fall While Europe Climbs; Gold Sets Another Record; Watch Auctions Boom and Watch Stocks Stall\nEuropean luxury rose while every US-listed luxury name fell, and the Dow set a record even as the S&P 500 slipped. Underneath it, the same hard-asset story: gold at another high, and a watch-auction market that keeps setting records even as the listed watchmakers stall.\nALT/FNDATA\n- Book a Data Sandbox demo: https://altfndata.com/go/cp-260616\n- Market reports: https://altfndata.com/go/cp-260616-r\n- Podcast episodes: https://altfndata.com/go/cp-260616-p\nLuxury Equities — The Close\n- Europe higher: Hermès (RMS) 1,749.5 EUR +2.2% (leader); LVMH (MC) 520.3 EUR +1.5%; Richemont (CFR) 182.75 CHF +1.1%; Kering (KER) 265.35 EUR +1.0%; Burberry (BRBY) 1,157.5p +0.3%; Watches of Switzerland (WOSG) 717.5p +0.2%. Lone decliner: Swatch (UHR) 210.3 CHF −1.2%.\n- US all lower: Zegna (ZGN) −1.9%; Capri/Versace (CPRI) −1.4%; Ralph Lauren (RL) −1.4%; Tapestry/Coach (TPR) −1.1%; Ferrari (RACE) −0.8% (despite Morgan Stanley reaffirming); Signet (SIG) −0.8%; Movado (MOV) −0.1% (roughly flat).\n- The read: Europe extended Monday's US–Iran-deal recovery; US names slipped with a tech-led down session and pre-Fed caution.\nThe Watch Divergence\n- Movado (MOV) finished flat and watch stocks have stalled — but the watch auction market is red-hot.\n- ALT/FNDATA data: the top watch sold in our database over the past 90 days is an F.P. Journe platinum tourbillon at $3.1M (Christie's). The boom is in the resale market, not the makers of new watches.\nGold and Hard Assets\n- Gold closed ~$4,353/oz, +0.6% — a record on back-to-back days. Silver ~$70, flat.\n- Oil fell ~6% to ~$76/bbl, a fresh 3-month low, as the US–Iran deal points to more supply through the Strait of Hormuz.\n- Lower oil + a softer dollar + safe-haven demand all support gold — the same instinct showing up in the saleroom.\nDealmaking\n- Frasers Group (FRAS.L) −4.4% to 720p after a second takeover bid this week — an...","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}