European stocks reached their highest levels in over a month on January 17, 2025, driven by strong performances in the luxury and technology sectors. Richemont, the owner of Cartier, reported a 17% increase in sales, surpassing expectations, which positively impacted the European luxury market. Other luxury brands also saw notable gains, with LVMH rising 9%, Hermès increasing by 5%, and a collection of luxury brands climbing 7%. Additionally, Taiwan Semiconductor Manufacturing Company (TSMC) provided an optimistic outlook, further boosting market sentiment. The STOXX 600 index closed higher, reflecting a broader trend of increased risk-taking among investors, aided by favorable economic data from China. Major European indices also reported gains, with the DAX up 1.17% at 20,897, FTSE 100 up 1.35% at 8,505, and CAC 40 rising 0.98% to 7,710, among others.