China’s growth boosts sentiment on leathergoods

21/10/2013
Data showing the Chinese economy grew 7.8% year-on-year in the third quarter has boosted luxury goods stocks.

The personal and household goods sector - which includes leathergoods firms such as Burberry and LVMH - was a top gainer.

"China has had a bit of a rebound, and the rest of the emerging market space hasn't rebounded like China, so it's not surprising we're seeing a bounce on that," said Robert Quinn, chief European equity strategist at Standard & Poor's Capital IQ.