Luxury Shines While Energy and Miners Slump in Choppy European Markets
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Luxury stocks like Kering, LVMH, and Unibail-Rodamco-Westfield led the gains this week in European markets.
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Energy and mining stocks declined due to lackluster Chinese demand and oversupply concerns.
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Gold prices stabilized around $2,000 per ounce after recent gains.
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Brent crude oil fell for the 7th straight week pressured by global economic uncertainty.
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Teleperformance stock dropped over 7% despite industry recognition, while Orange and TotalEnergies also declined significantly.