|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||273.80 - 274.00|
|52 Week Range||250.66 - 323.00|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||15.52|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The United States Trade Representative announced on Wednesday a list of $7.5 billion in tariffs on European products that take effect Oct. 18. The World Trade Organisation authorized the annual tariffs ...
A downturn in Asia and France hit Swatch Group in the last three months of 2018, leading the Swiss watchmaker to post lower-than-expected results for the full year and sending its shares almost seven percent lower. Sales of Swiss luxury watches are under pressure as trade-war tensions and a slowing Chinese economy and weak yuan have curbed the appetite of their biggest group of customers for spending on big-ticket items, especially during trips abroad. It also pointed to a "very weak" performance in France, where luxury boutiques saw sales dwindle before Christmas due to "yellow vest" protests.
Swatch Group (UHR.S) will host an event for watch retailers from March 19 to 26 next year, just ahead of the Baselworld watch fair it recently dropped out of, according to an invitation seen by Reuters on Tuesday. Switzerland's two big watch trade shows, the SIHH in Geneva and Baselworld in Basel, have been looking to reinvent themselves to try to stop exhibitors from taking contacts with retailers, journalists and customers into their own hands. The SIHH, dominated by Richemont (CFR.S) brands and traditionally held in January, and rival show Baselworld, usually scheduled in March, said on Tuesday they would switch to consecutive weeks from 2020 onwards, a change demanded by industry heavyweights like Patek Philippe.