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European luxury closed higher and the watch retailers closed lower. Signet gained the day after its buyback, Ferrari held its premium, Chanel named a Cartier veteran to lead jewellery design, and gold slipped — ahead of five watch auctions this week. Tickers covered: MC.PA | KER.PA | RMS.PA | CFR.SW | UHR.SW | WOSG.L | RACE | SIG | BRBY.L | ZGN
Good evening. It's Tuesday, June the ninth. I'm Sharon, and
this is Closing Price from ALT/FNDATA.
Tonight: European luxury closed higher, the watch retailers
closed lower, and Signet and Ferrari both gained — ahead of five
watch auctions this week.
The major European luxury names closed higher today.
LVMH, ticker MC on Euronext Paris, closed at 492 euros, up about
two percent from Monday's 482. Kering, ticker KER, closed at 255
euros, up about two and a half percent. Hermes, ticker RMS,
closed at 1,665 euros, up about one and a third percent. In
Zurich, Richemont, ticker CFR, closed at 167 Swiss francs and
75, up about one and three-quarters percent.
Bloomberg reports Wall Street rotated out of large technology
stocks and into firms tied to improving growth. Oil fell,
Treasuries held their gains, and gold slipped, trading near
4,280 dollars an ounce. A Reuters poll of economists sees the
Federal Reserve holding rates this year, with rate-cut
expectations fading as war-driven inflation persists.
The watch retailers closed lower. Watches of Switzerland, ticker
WOSG in London, closed at 694 pence, down about two and a quarter
percent — the day's weakest name on our board. Swatch, ticker UHR
in Zurich, closed at 201 francs, down about half a percent.
Several brands launched new watches this morning. From the listed
groups, Swatch's Blancpain introduced the Fifty Fathoms Tech, and
LVMH's Hublot unveiled a collaboration built around the Antikythera
mechanism. Independent brands were active too, with new pieces from
Chronoswiss, Yema, Favre Leuba, and the Glashütte-based DUG.
Signet, ticker SIG — parent of Kay, Zales, and Jared — closed at
86 dollars and 75, up about two and a half percent. The move
follows Monday's announcement of a 50-million-dollar accelerated
share repurchase.
Chanel has named Marie-Laure Cerede to lead its jewellery design.
Cerede previously led the studios of Cartier and Harry Winston,
across jewellery and watchmaking. Chanel is privately held;
Cartier is owned by Richemont, ticker CFR.
Ferrari, ticker RACE, closed at 357 dollars, up about one and
three-quarters percent. Bonhams sells about 100 cars from the
National Automobile Museum in Reno this Saturday.
Sell-through over the last seven days at the vendor Gimau: zero
percent — zero of thirty-five lots. That is one vendor over one
week. No individual lots crossed our notable-lot threshold today.
Sotheby's Magnificent Jewels in New York today. Christie's
Important Watches tomorrow. Bonhams Watches in London on the
eleventh. Sotheby's Gem Drop and Christie's Paris Hermes handbag
sale on the twelfth. Bonhams National Automobile Museum in Reno
and the Phillips New York Watch Auction, both on the thirteenth.
Sotheby's Important Watches on the fifteenth — five watch sales
across four houses this week.
- LVMH (MC.PA): EUR 492.30 close / 482.45 prior (+2.0%)
- Kering (KER.PA): EUR 255.20 / 249.00 (+2.5%)
- Hermes (RMS.PA): EUR 1665.50 / 1643.50 (+1.3%)
- Richemont (CFR.SW): CHF 167.75 / 164.95 (+1.7%)
- Swatch (UHR.SW): CHF 201.20 / 202.30 (-0.5%)
- Watches of Switzerland (WOSG.L): 694.0p / 710.0p (-2.3%)
- Ferrari (RACE): USD 357.52 / 351.57 (+1.7%)
- Signet (SIG): USD 86.75 / 84.56 (+2.6%)
- Burberry (BRBY.L): 1112.5p / 1109.0p (+0.3%)
- Zegna (ZGN): USD 14.78 / 14.82 (-0.3%)
- Gold (GC=F): USD 4279.70 / 4286.40 (-0.2%)
- Silver (SI=F): USD 65.33 / 65.24 (+0.1%)
(Equities fetched ~20:29 UTC; metals ~22:37 UTC, 2026-06-09; Yahoo Finance v8.)
That is Closing Price for Tuesday, June the ninth. Tickers
covered: MC.PA, KER.PA, RMS.PA, CFR.SW, UHR.SW, WOSG.L, RACE,
SIG, BRBY.L, ZGN.
I'm Sharon, from ALT/FNDATA. Open Bid returns tomorrow morning at
six AM Eastern.
