European luxury goods stocks rise to highest level since May, Bank of America predicts revenue will improve in third quarter.

Luxury goods stocks in Europe rose, earlier, Bank of America analysts had predicted a 3 percentage point increase in revenue in the third quarter of 2025 compared to the previous quarter, primarily due to base effects. The Goldman Sachs luxury goods stock basket index rose by 2.4%, the highest since May. The increase was mainly driven by industry-weighted stocks, with Richemont Group, LVMH, and Herms leading the way, while Kering Group and Swatch Group also rose simultaneously.