"Global Markets Await Fed's Rate Decision as Stocks Hit Record Highs"
TL;DR Summary
Luxury stocks in Europe, including Kering SA, LVMH, Burberry Group Plc, and Christian Dior SE, faced losses after Kering warned about declining sales, raising concerns about high-end consumer spending in China. Treasuries and US equity futures remained steady ahead of the Federal Reserve meeting. Meanwhile, Intel Corp. saw a rise in premarket trading after securing nearly $20 billion in US grants and loans.
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