US election reaction, data and benefits | Wilnesh News

European markets opened slightly higher on Friday morning.

The pan-European Stoxx 600 index rose about 0.2%, with sectors and major exchanges moving in opposite directions.

— Sam Meredith

Swiss luxury goods group Richemont reported a 1% drop in sales in the six months to September amid a challenging macroeconomic backdrop and more severe conditions in China.

Cartier owner explain Its sales in the first half of the fiscal year were 10.1 billion euros ($10.89 billion), down 1% from the same period last year in real exchange terms.

Meanwhile, operating profit from continuing operations for the six-month period was €2.2 billion, down 17% in real exchange terms.

“In the first half of the financial year, we continued to provide continued resilience in a world where uncertainty has become the norm,” Richemont Chairman John Rupert said in a statement.

He added: “We are seeing solid sales growth in most regions, offsetting the impact of continued weakness in demand in China, which, as I predicted, will take longer to recover and will have a negative impact on our professional watchmaking business. The teacher’s influence is particularly great.

— Sam Meredith

Bitcoin According to analysts, the price of the product is expected to reach the $100,000 milestone by the end of this year after President-elect Donald Trump wins the election.

Trump on Wednesday defeated Vice President Kamala Harris to win the 2024 US election, promising several pro-cryptocurrency initiatives in the months leading up to the vote.

CNBC Pro asked analysts about their Bitcoin price targets and when they expect the cryptocurrency to reach them.

Former U.S. President Donald Trump’s victory over Vice President Kamala Harris in this week’s election has raised questions about how Asia will be affected.

“On the surface, Trump 2.0 is bad news for Asia, especially China,” analysts at Macquarie Research wrote in a Nov. 7 report, given the president-elect’s plans to raise tariffs and cut taxes.

Even so, analysts say the region is “better prepared than in 2016” and investment opportunities remain, especially given the weak yen and China’s stimulus measures.

CNBC Pro subscribers can read more here.

— Amala Balakrishna

European markets are expected to open mixed on Friday.

According to IG data, the British FTSE 100 index is expected to open 23 points higher to 8,166 points, the German DAX index rose 45 points to 19,412 points, the French CAC index rose 21 points to 7,445 points, and the Italian FTSE MIB index fell 13 points to 33,689 points. point.

In corporate news, Swiss luxury goods group Richemont and owner of British Airways international aeronautics and space administration was among the companies reporting earnings on Friday.

— Sam Meredith