JPMorgan: The luxury goods industry improved quarter-over-quarter in the third quarter.

Analysts at JPMorgan wrote in a report that European luxury goods groups showed some positive signs in the third quarter, with improvements compared to the previous quarter. They stated that investors welcomed these better performances, leading to strong stock price trends throughout the earnings season. However, they added that the market lacks a clear turning point, as Asian demand remains volatile and uncertainties exist regarding U.S. spending during the sales peak. The analysts believe, "We believe luxury stocks need to see genuine upgrades, which indeed require better potential improvements to support such positive performances." Additionally, they pointed out that the market's high degree of polarization still puts brands with strong momentum in a more favorable position overall.