Shares in LVMH were on track for their largest drop in 14 months on Wednesday after the luxury goods group's latest sales figures disappointed investors hoping for stronger signs of a rebound at the sector bellwether.

Equity markets diverged Wednesday as attention turned away from recent turbulence in tech stocks to the outlook for interest rates, with the Fed and the ECB both holding their first major meetings of the year.

Luxury goods giant LVMH is the pride of France, but the government nevertheless understands the anger expressed by LVMH boss Bernard Arnault regarding French taxes, said a government spokeswoman on Wednesday.

LVMH says 2025 is off to a good start as it reports an increase in sales in its most recent quarter. US President Donald Trump is offering buyout packages to almost all federal workers who do not want to return to the office.

At 06:55 ET (11:55 GMT), the DAX index in Germany gained 0.8%, the FTSE 100 in the UK rose 0.4%, while the CAC 40 in France slipped 0.2%.

The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.

European stocks climbed to a record high, propelled by Dutch chip equipment maker ASML's impressive quarterly results, which lifted the technology sector. While ASML's success reassured AI investors,

Will the Fed keep interest rates steady, or is an adjustment incoming? The central bank announces its decision at 2 p.m. ET. Jerome Powell speaks shortly thereafter. Live updates on stocks, bonds and markets,

European stocks closed mostly higher on Wednesday as investors focused on corporate earnings news and looked ahead to policy

European markets hit new highs, driven by tech stocks' robust performance, notably chipmaker ASML's positive results. Anticipation surrounds the U.S. Fed and ECB outcomes. Germany's DAX soared with Deutsche Telekom,

LVMH says 2025 is off to a good start as it reports an increase in sales in its most recent quarter. US President Donald Trump is offering buyout packages to almost all federal workers who do not

France's largest conglomerate LVMH is turning its eyes the the United States in order to avoid higher taxation in Europe. Billionaire CEO Bernard Arnault is also hoping to leverage his friendship with President Donald Trump in order to garner favorable treatment.