Stock Movers: Tech Stocks Rise, China EV Prices, and LVMH Earnings Preview

Tech Stocks Rally on Tariff Exemptions

• 💡 ASML, Infineon, SD Micro, and Logitech saw gains as markets reacted positively to potential tariff exemptions on chips and broader tech hardware.
• ⚡ The announcement from President Trump regarding exemptions, even if watered down, is seen as a significant positive driver for European tech stocks.

China EV Makers Surge Amid EU Negotiations

• 🚀 Chinese electric vehicle makers like BYD, Geely, Great Wall Motor, Xpeng, and Nio extended their gains following a report on potential EU-China talks.
• 🤝 The discussion centers on establishing minimum pricing for EVs sold from China into Europe, rather than imposing tariffs, which could alleviate pressure on the sector.
• 🚗 This development offers a positive outlook for auto stocks, including Stellantis and Renault, which are also seeing upward movement.

LVMH Preview Amidst Luxury Sector Volatility

• 📊 LVMH is set to report its first-quarter earnings, with the market watching closely for signs of impact from trade tensions and consumer spending.
• ⚠️ The luxury sector has experienced a turbulent start to the year, with concerns over escalating trade wars and diminishing hopes for a Chinese stimulus-driven rebound.
• 📉 A key focus will be on whether US spending on tariffs is affecting consumer confidence, potentially leading to reduced spending on luxury goods like handbags and jewelry.
• 🍷 The wine and spirits business, specifically Moët & Chandon, is anticipated to be the weakest segment, with sales potentially down around 5%.