Europe's luxury brands, carmakers and hotel chains far underperformed investors in the first quarter of this year. The consumer discretionary sector was the continent's worst-performing sector as geopolitical tensions and inflationary pressures thwarted a long-awaited recovery, Bloomberg reported.
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Europe's luxury brands, carmakers and hotel chains far underperformed investors in the first quarter of this year. The consumer discretionary sector was the continent's worst-performing sector as geopolitical tensions and inflationary pressures thwarted a long-awaited recovery, Bloomberg reported.
European luxury goods makers, car companies and hotel operators have been the biggest disappointments for investors this earnings season, with the consumer goods sector the weakest performer as rising inflation and geopolitical uncertainty stall a long-awaited recovery.