European Markets Rebound after Yesterday’s Decline; Lululemon Discounted, Chinese Gaming Boom Ahead?

As the European markets prepare for opening today, they are anticipated to start with gains after a decrease witnessed during yesterday’s trading session. The Stoxx 600 index concluded its previous day’s trade in negative territory as investors processed an array of first-quarter earnings reports and potential mining takeover offers. Looking ahead towards Friday’s releases include financial statements from companies like L’Oreal, TotalEnergies, and NatWest. Meanwhile, the Japanese central bank kept interest rates unchanged at 0% to 0.1%, causing a fall in value of yen against US dollar as Asian-Pacific markets witnessed an increase today. In contrast, American stock futures rose overnight following impressive earnings reports from tech giants Alphabet and Microsoft. Goldman Sachs advised investors wanting exposure towards the rising Chinese gaming sector to examine Tencent Holdings Limited (SEHK: 700) and NetEase Inc (NASDAQ: NTES). The Wall Street bank anticipates China’s growth in this industry will accelerate from mid-2024 owing to a rise of blockbuster titles scheduled for Q2 of the following year. Lastly, shares of Lululemon Athletica inc (NYSE:LULU) have plummeted significantly since January 2021 and are currently trailing behind S&P 500 by around 28%. Jack Dwyer, CEO at Infusive Asset Management, weighs in on whether this makes it a good bargain for investors now. CNBC Pro subscribers can access further details regarding these topics mentioned above via their respective channels within the network’s website and application service platform offered exclusively to paying members of its content services.