L'Oréal overtakes LVMH as top Paris-listed company, first non-luxury leader since 2017

L'Oréal has surpassed LVMH to become the most valuable company on the Paris Stock Exchange at market close, marking the first time since 2017 that a non-luxury firm leads the index. This shift reflects changing investor sentiment, with luxury stocks facing headwinds while consumer staples gain favor. The development signals a potential rotation in European equity markets.