|Day Low/High||17.13 / 17.23|
|52 Wk Low/High||12.55 / 18.54|
Richemont posted a 5% gain in revenue for the third quarter.
Industry data shows export value of Swiss watches falling 10.4% so far in 2016 as the Apple Watch challenges 'spring and cog' time pieces.
Apple Watch is likely to pose a threat, especially to some Swatch lines, UBS analysts say.
But the Baume & Mercier maker insists it's well positioned, with a strong balance sheet and portfolio of long-established brands.
Analysts point to industry overcapacity and high inventories but note that consumption is robust, particularly in China.
Tourists are on a shopping spree in the U.K. after the referendum. Investors can profit.
Sales and profit decline less than feared after last week's shock profit warning.
Central bankers meet in Frankfurt for the first time since the Brexit referendum, while EU foreign ministers hold their first meeting since Boris Johnson was named British Foreign Secretary.
A strong Swiss franc dents sales in key markets.
These charts give us a wider view of the watch-maker sector.
European stocks fell again on Thursday, taking their cue from Asia on concerns about global growth and fading expectations of an imminent U.S. interest rate hike.
How the broader wearables market will be affected by Apple's newest foray remains to be seen.
Shares of Fossil (FOSL) are down 2.81% to $102.18 in afternoon trading after Apple (AAPL) confirmed the launch of the Apple Watch.
Shares of Tiffany & Co. (TIF) may decline today after the upscale jeweler reported a profit forecast on Friday that was below estimates even though it projected net worldwide sales would increase by a high-single digit percentage in 2014. The company forecast a profit of $4.05 to $4.15 per share this fiscal year.
Mutual fund managers are expecting shares will rise as the economy recovers.
Europe may be sliding into a recession, but the German bank says some shares may escape the turmoil.
Even after today's free fall, it's likely to lose more ground against the euro.