European Stocks Fall Led by ASM, Luxury Stocks

2026-04-15 15:59 By Agna Gabriel 1 min. read

The Stoxx 50 fell 0.7% on Wednesday, led lower by ASML Holding which dropped more than 4% after issuing a weaker than expected outlook for the current quarter despite raising its full year sales forecast.

The company expects second quarter revenue between €8.4 billion and €9 billion, below analyst expectations.

The broader Stoxx 600 slipped 0.4% as weakness in the luxury sector weighed on sentiment.

Hermès shares plunged 8% as Middle East tensions hit sales growth, while Kering dropped 9% after reporting disappointing results at Gucci, partly attributing the slowdown to the conflict.

Investors remained cautious as they awaited clearer developments in the Middle East, with markets watching for confirmation of renewed talks and a possible extension of the ceasefire.



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