Wednesday , 31 December 2025

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Luxury stocks look good, but may not last

Bloomberg The good news: European shares are heading for their first day of gains in six sessions, partly due to a jump in luxury stocks after another stellar sales report from the owner of Gucci. The bad news: It might not last. US stocks rallied after Europe’s equities markets closed, though now futures are pointing to another day of declines …

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Deutsche Bank turnaround plans cannot win investors

Bloomberg After multiple turnaround plans and promises to restore growth, Deutsche Bank AG investors are no longer buying the talk. The German lender — already the worst-performing major bank stock in Europe this year — hovered near a record low on Wednesday after Chief Executive Officer Christian Sewing conceded that cuts to the investment bank are having a deeper impact …

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Barclays trading surge bolsters CEO in activist clash

Bloomberg Barclays Plc’s Jes Staley has a stronger case to fend off the British lender’s activist shareholder as he delivers on a promise to grow its securities trading business. The unit saw fixed income, currency and commodities income substantially outperform US peers in the third quarter, rising almost 10 percent. Equity trading revenue surged by more than a third, the …

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