Market Pulse / Bottoms up
23/08/2016
Investors breathed a sigh of relief as first half results were by and large better than expected
The Savigny Luxury index (“SLI”) staged a relief rally this month, gaining over 7 percent whilst the MSCI World Index (“MSCI”) gained almost 4 percent. Better-than-expected first half results took some of the sting out of the sector’s most severe correction in seven years.
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