Wednesday, February 4, 2026 at 8:35 AM
Watches of Switzerland Group has raised its full-year sales guidance due to strong demand, particularly in the US, where luxury brand sales continue to exceed supply.
The Swiss watchmaker said sales fell on year despite growth in the back half of the year, adding that momentum has continued this month.
Even with a stock market that is outperforming the S&P 500, Chinese shoppers aren’t flocking to luxury brands as they once did.
BlueBay Asset Management considers higher U.S. Treasury yields needed to attract buyers.
Gold and silver staged a rebound after two sessions of heavy selling, as underlying drivers of demand remain strong and current price levels drew renewed buyer interest.
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