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4 days agoInternational Stocks Keep Crushing the S&P. This Cheap ETF Is How You Get In
International developed equities have outperformed U.S. large caps recently, making VEA a low-cost, broad diversification tool.
The French luxury goods house, which owns brands like Balenciaga, Gucci, and Yves Saint Laurent, reported 3.42 billion euros ($3.97 billion) in group revenue, down 5% year-over-year (YOY) compared to a 15% drop in quarter-two. It also beat Wall Street's estimate of a 9.6% decline, according to consensus estimates cited by Reuters. Kering attributed the reduced revenue YOY, in part, to a negative currency effect of 5%.