The Standard & Poor’s 500 Index capped its biggest weekly advance since July and Treasuries fell the most in a month as tensions eased over Ukraine and earnings from General Electric Co. and Morgan Stanley topped estimates.
Remy Cointreau SA fell the most in more than four months after the maker of Remy Martin cognac said fiscal full-year earnings slumped and reported sales that fell more than analysts anticipated on lower demand in China.
LVMH Moet Hennessy Louis Vuitton SA gained after the world’s largest luxury-goods company reported its fastest fashion and leather-goods sales growth in two years, cushioning an unexpected decline in alcohol sales.
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury goods company, reported its fastest fashion and leather-goods revenue growth in two years, cushioning an unexpected decline in quarterly alcohol sales.
Pernod Ricard SA said today it’s starting a cost-saving project to support brand development as Europe’s second-biggest distiller trimmed its forecast for full- year profit growth, citing declines in China.