The People's Bank of China has announced a new stimulus package designed to reinvigorate the nation's economy. This news has sparked a widespread rally in Chinese stocks and lifting European luxury brands as well. Companies like LVMH Moët (MC.PA) and Hermès (RMS.PA) are seeing gains, as investors anticipate increased demand for luxury goods in China due to the stimulus measures.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Angel Smith