Holcim

European Stocks Drift Lower as Kering Slumps and Oil Prices Climb

European equities edged lower on Thursday as a sharp selloff in Kering, triggered by weak Gucci sales, weighed on luxury shares and broader sentiment. Rising oil prices, renewed concern over French political uncertainty and ongoing volatility in AI-linked stocks added to the cautious tone, even as Holcim offered a rare bright spot after lifting its earnings outlook.