china luxury sector

stoxx600 portada

The coronavirus threatens Stoxx600; index could drop by 15%

Alphavalue | The magnitude of the downward revisions to the sectors should not come as a big surprise. In a very negative case (“worst case scenario”), the luxury sector could lose 34% and may come as an unpleasant surprise. The Stoxx600 would drop by 15% if fundamentals are threatened again. Although they were not a problem 10 days ago, it seems that sensitivity has increased now.