What luxury stocks say about the new cold war
Investors and security hawks live in different universes
Is it in Europe’s interests to follow America into a conflict over Taiwan? The suggestion by Emmanuel Macron, president of France, that perhaps it is not provoked anger on both sides of the Atlantic. But many French business leaders will quietly agree with Mr Macron’s intention: to defuse tensions between China and the West. After all, the French stockmarket closed at a record high on April 12th, with strong Chinese demand the most obvious cause.
This article appeared in the Finance & economics section of the print edition under the headline “Handbags at dawn”
Finance & economics April 15th 2023
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