🟢 Hermès International Société en commandite par actions is trading 4.3% up today as French luxury stocks rally on inflation data

Hermès International Société en commandite par actions is trading 4.3% higher at $1769.50 as French luxury stocks extend a two-day rally following favorable macro data.

• Recent INSEE data showed France’s HICP inflation rising to 2.8% year-over-year in May, a figure that has bolstered investor sentiment across the luxury sector.
• The upward movement appears driven by broader sector-wide momentum rather than any company-specific headlines.
• Shares of other major French luxury companies are also seeing gains as the market responds positively to the latest economic indicators.