Paris, Jan 24, 2026, 21:39 (CET) — Market closed.
Hermes International (HRMS.PA) shares ended Friday down 0.05% at 2,130 euros, after trading between 2,102 and 2,135 euros. Volumes were about 56,000 shares, and the stock was coming off a 1.57% rise a day earlier. 1
The flat finish leaves the Birkin-bag maker heading into a week where the stock can move on other people’s numbers and central-bank noise, not its own. Luxury names have been trading like macro stocks lately — calm for hours, then a headline hits.
It also means investors go into the next session with little in the tape to lean on, beyond positioning. The next big read-throughs are sector earnings and rate expectations, both of which can change fast when markets get skittish.
France’s CAC 40 index closed Friday down 0.07% at 8,143.05. Hermes, a heavyweight in Paris, broadly tracked that muted tone into the weekend. 2
Across Europe, shares finished lower and the STOXX 600 slipped 0.1%, snapping a five-week winning streak as investors weighed lingering trade jitters tied to Greenland. “Investors are holding back because they’re worried that it could come up again,” Michael Field, chief European equity strategist at Morningstar, said. 3
But that same uncertainty cuts both ways. “The emergency aspect of this is over for now,” Rick Meckler, partner at Cherry Lane Investments, said of the Greenland shock earlier in the week, while warning markets were still digesting what it meant for the global order. 4
For luxury, the first hard catalyst is LVMH’s full-year results, due after the Paris market closes on Tuesday, Jan. 27, with a webcast scheduled for 6 p.m. Paris time. Traders often use LVMH as a proxy for demand across high-end fashion and leather goods, and the tone can spill over into Hermes. 5
Macro comes right on top of it. The U.S. Federal Reserve’s next policy meeting runs Jan. 27–28, setting up two days where rate expectations — and the dollar — can swing. 6
Europe’s own calendar is not empty either. The ECB’s next monetary policy meeting is scheduled for Feb. 4–5, and Eurostat has the euro zone’s January flash inflation estimate pencilled in for Feb. 4 — both potential drivers of bond yields and the euro. 7
Hermes itself is back on the clock on Feb. 12, when it is due to report 2025 annual results at 08:00 CET, according to its financial calendar. Investors will be looking for pricing, margins and any clues on demand in early 2026 — the kind of details that can matter more than the headline sales number for a stock priced as a quality hold. 8
The next test is Monday’s reopen in Paris (Jan. 26), with positioning likely shaped by risk mood ahead of LVMH on Tuesday and the Fed meeting running into Wednesday. After that, Hermes’ own Feb. 12 earnings date becomes the next obvious line in the sand.
