Oct 13, 2026 · 6 min
Luxury weakness contrasts with gains in flavors and aviation
LVMH Slips, Givaudan Rises, Finnair Soars
The episode shows how uneven demand across China-exposed luxury, consumer ingredients, and travel is reshaping European market movers.
- 1LVMH faces renewed weakness as Chinese luxury demand and overseas spending by Chinese consumers decline.
- 2Givaudan shares rise after the fragrances and flavors maker reports stronger-than-expected quarterly growth.
- 3Finnair surges after raising its full-year adjusted EBIT forecast, while smarter cities preview broader infrastructure themes.
Don't miss
Finnair shares surge after the airline raises its full-year adjusted EBIT forecast.
The brief
The episode opens with a preview of smarter cities, framing rapid urbanization and evolving infrastructure before turning to European markets.
James Woolcock, Stephen Carroll, and Joshua Gaunt-Warner examine why LVMH has weakened again as Chinese luxury demand and overseas spending decline.
Givaudan moves higher after stronger-than-expected quarterly growth, offering a contrasting signal from the consumer ingredients sector.
Finnair shares surge after the airline raises its full-year adjusted EBIT forecast, making upgraded guidance the clearest positive surprise.
Together, the moves show a divided European market, where China-linked luxury weakness sits alongside stronger company-specific growth and travel expectations.