Luxury goods groups Hermes, Richemont push UMG and Vodafone out of blue-chip Euro STOXX 50 index

Luxury goods companies Hermes (HRMS.PA) and Richemont (CFR.S) won promotion on Wednesday to the blue-chip Euro STOXX 50 equity index (.STOXX50E), which could increase investment funds’ demand for the stocks that have hit all-time highs. The index provider said Hermes and Richemont would formally enter the Euro STOXX 50 on Dec. 20. Their promotion is […]

Continue Reading