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Kering Jumps, Danone Slumps, Deutsche Bank Rises
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Kering shares jumped as much as 10% after Gucci’s sales topped estimates in the second quarter, sparking optimism that a long-awaited turnaround at the luxury good maker’s largest brand is starting to take shape.
- Danone shares fell as much as 4% after the food processing company's sales uplift in the second quarter largely came from higher prices rather than volume growth, with the company still recovering from an infant formula recall earlier this year.
- Deutsche Bank shares rise as much as 6% after Germany's largest bank's revenue from fixed-income trading jumped in the second quarter, outperforming most of its US peers.
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