Paris, Jan 11, 2026, 20:25 CET — Market closed
- Hermès shares jumped 3.74% Friday, closing at 2,217 euros. The stock also wrapped up the week above the 2,200-euro level. 1
- Luxury rivals also gained, with LVMH climbing 2.77% and Kering pushing up 2.45%, helping France’s CAC 40 close at a fresh high of 8,362.09 points. 2
- Coming up: U.S. CPI data for December hits on Jan. 13, followed by Hermès’ 2025 annual results release on Feb. 12. 3
Hermès shares wrapped up the week above 2,200 euros on Friday, recovering strongly after a rocky start to January. The stock surged just before the weekend.
This matters as the next session kicks off a week packed with macroeconomic events. For expensive consumer stocks, movements in rates and currencies often drive the action, even when the companies themselves show no clear developments.
Investors are marking their calendars for Feb. 12, when Hermès will release its 2025 annual results. This report usually reignites discussions around pricing power and demand trends in the U.S. and Asia. 3
Friday’s risk appetite found some support from the U.S. Labor Department. Payrolls climbed by 50,000 in December, and the unemployment rate dipped to 4.4%. 4
No new company updates came through over the weekend, so traders will be watching inflation figures closely—alongside bond yields. If U.S. CPI comes in hotter than expected, yields could rise and boost the dollar, creating headwinds for pricey European shares.
Hermès’ latest regulated update covered its liquidity contract with BNP Paribas, a market-making deal aimed at stabilizing trading in its shares. At December 31, 2025, the account held 4,618 shares alongside 15.7 million euros. The report also outlined the buy and sell transactions executed in the second half of 2025.
Broker sentiment remains cautious on valuation. Oddo BHF held a neutral rating and cut its price target to 2,200 euros, citing limited upside given the current valuation alongside currency headwinds. The firm also highlighted expectations for roughly 8% organic growth in Q4—excluding currency effects and acquisitions—and projected an EBIT margin near 39.8% for 2025. 5
The setup works both ways. Should U.S. inflation come in hotter than expected Tuesday, rates could adjust sharply and the luxury rally might lose steam just as fast. If inflation eases, buyers usually step back in.
The week kicks off with Tuesday’s U.S. CPI data, the first major catalyst. Then, on Feb. 12, Hermès will report its annual results.
