Zara owner Inditex’s spring-summer 2023 collection has flown off the shelves over the past six weeks, the fast-fashion retailer said on Wednesday, in a sign that sales are keeping pace after a strong 2022. Inditex has extended its lead over Swedish rival H&M, in part thanks to a less price-sensitive customer base. As the cost […]
STOXX 600 Index
European shares rose on Friday, as hopes that the U.S. Federal Reserve could adopt a measured approach for rate hikes ahead lifted technology stocks, while miners jumped on growing bets of demand recovery in China. The continent-wide STOXX 600 rose 0.7% in early trading, with rate-sensitive tech stocks up 1.4%. Overnight, Atlanta Fed President Raphael […]
European shares fell on Tuesday, with UK’s Ocado sinking after a worse-than-expected full-year loss, while data from France and Spain pointed to inflation being stickier than feared. The continent-wide STOXX 600 index slipped 0.3% in the first hour of trading, after closing sharply higher in the previous session. “Whether it be Spain, France or Germany, […]