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France protests impact luxury stocks
European stocks declined today due to the impact of protests in France and political uncertainty, with a significant drop in the share of luxury goods company "Kering" by 10.4% after losing its Gucci sales record in the third quarter, dampening hopes for the recovery plan. Conversely, the stock of Swiss company "Holsim" rose by 5.2% after raising its annual profit forecasts, while market concerns increased due to French bond yields reaching their highest level in 24 years and ongoing political worries.
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