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Luxury stocks slip as fears grow of a prolonged downturn

CNBC
Summary
Nutrition label

77% Informative

Luxury stocks tumbled on Monday as analysts warned of a deteriorating demand outlook.

Germany 's Hugo Boss was among the worst performers on the Stoxx 600 index, down 4% at 12:11 p.m. in London .

"I think most people were hoping things would improve in the second half of the year — no sign of that happening at all at the moment," Kepler Cheuvreux's Jon Cox said.

VR Score

88

Informative language

94

Neutral language

53

Article tone

formal

Language

English

Language complexity

60

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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