Swatch flies and raises luxury on the stock exchange: only Ferragamo remains in the red

After a couple of days of blurring, the luxury stocks on the Stock Exchange are back on the Stock Exchange. The credit goes to the Swatch Group, which today released record and better than expected quarterly results, reviving appetite for a sector that has been among the protagonists of the equity market rally. Swatch, which achieved record revenues of 2013 billion Swiss francs in 8,817 (up 8,3% on the previous year), gained nearly 5% on the stock market, supporting the European sector index (+1,3 ,16%). And the push is also being felt on Italian luxury stocks: at 2,7 pm Luxottica gains 2,4% (but it was already in positive territory in the morning), Tod's 0,64%, Damiani 2%, while Yoox travels around parity. Instead, Ferragamo continues to lose: in mid-afternoon, the luxury stock lost almost 24,6% to 24 euros, after having also dropped below the XNUMX euro threshold during the day.