WWD : Matthieu Blazy’s Arrival at Chanel Sent Secondhand Prices Soaring Above Re

Matthieu Blazy’s Arrival at Chanel Sent Secondhand Prices Soaring Above Retail Ones, Says New Report
Luxury re-commerce platform Fashionphile said Matthieu Blazy's Chanel designs were so in-demand this year that buyers were paying "above retail" for the Souplissimo, Archetype Tote and Urban Essential bags.

Matthieu Blazy has sparked such a craze for Chanel that some of his handbag designs now sell for more secondhand than they do at retail, according to Fashionphile’s 2026 report, which will be published Wednesday.

Luxury re-commerce platform Fashionphile, which trades in pre-owned designer handbags, shoes, watches, fine jewelry and accessories, said secondhand buyers have been paying 13 percent above the retail price for the Chanel Souplissimo and the Archetype Tote, and 15 percent above retail for the Chanel Urban Essential bags.

The new Fashionphile report is loaded with data on the platform’s sellers in 2026, and also offers insight into the year’s generational, geographical and style trends.

In terms of bags, Louis Vuitton’s Speedy bag was the top seller for the second year in a row, and its value increased by 16.2 percent year-over-year. The Chanel Double Flap held its spot in second place, while the Prada Re-Edition climbed the ranks from eighth to third.

The Goyard Saint Louis entered the top 10 ranking at number seven, bumping the Celine Ava off the list entirely, according to the report. There were some surprises in the rankings, too, with the Fendi Spy bag seeing a 127 percent spike in average resale value amid this year’s Y2K revival.

The top three shoes were the Hermès Oran sandals, followed by the Gucci Ace sneakers and the Louis Vuitton Star Trail Ankle Boots. The three biggest selling watches were the Hermès Clipper, followed by the Cartier Panthère and the Gucci Interchangeable Bezel.

Hermès also placed number one in earrings. Fashionphile said the “undisputed studs of 2026” were the Hermès Farandoles, followed by the Louis Vuitton Louise hoops and the Van Cleef & Arpels Sweet Alhambra studs.

Cartier topped the ring category with the Love sweeping into first place, followed by the Hermès Chaine d’Ancre Enchainee and the Chanel Coco Crush. Van Cleef & Arpels dominated the bracelet category, with its Vintage Alhambra taking first place followed by the Hermès Clic Clac and the Cartier Love.

Fashionphile is based in the U.S. and sells internationally online and in retail locations and has a longstanding partnership with Neiman Marcus.

>>> What to look at today - 14th of Oct. 2026

Stocks gained and the dollar weakened before a key US inflation report that may reveal whether the Federal Reserve can take a less aggressive approach to raising interest rates next year. Oil advanced. MSCI Inc.’s Asia Pacific equities index rose 0.7%, rebounding from two days of losses that pushed the gauge to its lowest close since August. Earlier, the S&P 500 Index pared declines after New York Fed President John Williams said he saw no need for further tightening in 2027, though one more rate hike this year may be appropriate. As sentiment improved, futures contracts for the S&P 500 Index rose 0.2%, with the underlying gauge hovering near its record high last week. European shares were set to advance 0.3% at the open. Attention in Asia was on tech companies as Samsung Electronics Co. and SK Hynix Inc. both rallied, snapping a five-day losing run. A key test awaits the sector with chip-machine maker ASML Holding NV reporting Wednesday and Taiwan Semiconductor Manufacturing Co. on Thursday. Elsewhere, Brent crude rose 0.7% to $106.41 a barrel as a flare-up in Middle East attacks increased uncertainty over a recovery in energy shipments from the Persian Gulf. US crude advanced for a fifth day. While Williams’ comments offered some relief ahead of the consumer price index numbers, markets remain concerned that elevated oil prices due to geopolitical conflicts may keep price pressures elevated. Traders are also looking to US corporate earnings for clues on the direction of the artificial intelligence trade, which has come under pressure amid doubts that billions of dollars in spending will deliver commensurate returns. Meanwhile, Treasuries broadly held their gains from Tuesday, with the benchmark 10-year yield at 5.21%, as traders looked ahead to Wednesday’s US CPI for further clues about the path of interest rates. The dollar weakened against all its Group-of-10 peers, with Bloomberg’s gauge of the currency dropping for a second day. Gold steadied around $4,160 an ounce. Meanwhile, the CSI 300 Index fell 0.2%, pushing Chinese stocks closer to a bear market. Skepticism is growing about the prospect of a heavy dose of support measures to revive the economy and investor confidence.  The benchmark has fallen more than 15% from its June peak, and is at the lowest level since August 2025.  The key event for Wednesday though is the US inflation data. CPI is seen rising 0.6% after a 0.4% increase a month earlier, based on the median projection in a Bloomberg survey of economists ahead of the Bureau of Labor Statistics release. That would mark the largest advance in five months. Aa higher reading than the estimate may see traders add to Fed rate-hike expectations. US After Hours AZZ +2.1% higher on earnings.

Nikkei +0.57% Hang Seng +0.31% CSI -0.97% Kospi -0.87% Shanghai -0.62% Shenzen -1.28%

Eur$ 1.1209 CNH 6.6917 CNY 6.6923 JPY 158.24 GBP 1.3273 CHF 0.9319 RUB 83.7500 TRY 49.3899 WTI$ 94.66 +0.50% Gold 4,163 +0.24% BTC 83,748 +0.46% ETH 5,514 +0.24%

S&P +0.13% Nasdaq -0.03% EuroStoxx +0.03% FTSE +0.13% Dax +0.28% SMI +0.05%

Macro :
- Ex-Berkshire Stockpicker Puts $5 Billion to Work for JPMorgan
- Strategy’s Saylor Sees Bitcoin Moving Back Up Beyond $100,000
- France’s Credibility Needs Timely Budget Approval, IMF Says
- Pope Leo Is Diagnosed With Lung Cancer After Surgery in Rome
- Saudi Aramco’s New China Refinery Venture Gets First Crude Cargo

Keep an eye on :
- AKRBP NO : Aker BP 3Q Avg Production Misses Estimates
- ASML NA : ASML 3Q Net Sales Meet Estimates
- BAC US : BofA No Longer in Talks to Arrange IPO of China’s Moonshot AI
- BYG LN : Ancora Urges Big Yellow to Launch Full Sale Process
- BOSN SW : Bossard 3Q Sales Beat Estimates
- BP/ LN : BP to Remain Focused on Deleveraging When Its Sets out Spending Plans
- CRWV US : CoreWeave targets ‘unlimited’ insurance money to fund AI build-out
- DNO NO : DNO 3Q North Sea Net Production Rises to 85,364 Boepd
- EIX US : *MUDDY WATERS IS SHORT EDISON INTERNATIONAL
- EVT GY : Evotec Prelim 9M Adjusted Ebitda Loss EU42.8M
- FUR NA : Fugro Enters Into €150m Financing Facility;Extends Debt Maturity
- FNTN GY : Freenet Buys Remaining ~25% of waipu.tv for ~€76m
- GALD SW : Galderma to Acquire ZO Skin Health for $1.5b Enterprise Value
- GLEN LN : Glencore May Join Australia’s ASX 200 Index by March: Canaccord
- GOOGL US : Google Unveils Gemini 4 Argon
- HKLD LN : Hongkong Land Is Said to Seek Stake in Tycoon’s Singapore Assets
- LONN SW : Lonza Targets Core EBITDA Margin of High Thirties in Mid-Term
- CE IM : Mediocredito Centrale Enters Exclusive Talks to Sell BdM, CRO
- BMPS IM : Paschi Investors Should Reject Bids for Two Peers, ISS Says
- MUX GY : Mutares Weighs Options for NGS, Including Nordics Listing
- NGS SS : Mutares Weighs Options for NGS, Including Nordics Listing
- NVDA US : Nvidia’s Huang Plans $2 Billion in Europe AI Deals in Next Week
- ONCO SS : Oncopeptides to Offer Shares for About SEK100M million
- RIO LN : Rio Tinto 3Q Pilbara Ore Shipments Meets Estimates
- SCYR SM : *SACYR HIRES ALANTRA TO SELL ENGINEERING UNIT: EXPANSIÓN
- 000660 KS : Palliser Asks Samsung to Issue ADRs to Buy Preferred Shares (1)
- SEBA SS : Sweden FSA Temporarily Boosts Capital Requirements for SEB
- SCMN SW : Swisscom Wins Court Appeal, Paving Way for Fiber-Optic Rollout
- STAN LN : Standard Chartered Launches Crypto Trading Solution in UAE
- UBSG SW : Swiss WAK in Favor of UBS Fee for Government Liquidity Support
- ZEAL DC : Zealand Pharma Makes Deal With Generate Worth Up to $1.2 Billion
- ZEAL DC : Zealand Pharma, Generate to Co-Develop AI Protein Drugs

>>> Europe : Brokers Upgrades & Downgrades - 14th of Oct. 2026

>>> Up
* Albemarle Raised to Buy at Mizuho Securities; PT $130
* Anglo American Raised to Neutral at JPMorgan
* BCP Raised to Buy at Goldman; PT 1.35 euros
* Eltel Raised to Accumulate at Inderes; PT 18.50 kronor
* Glencore Raised to Overweight at JPMorgan; PT 730 pence
* Kontoor Brands Raised to Buy at Jefferies; PT $89
* Pennon Raised to Buy at Jefferies; PT 380 pence
* Technip Energies Raised to Buy at UBS; PT 39 euros

>>> Down
* Admiral PT Cut to 2,460 pence from 2,620 pence at Peel Hunt
* Dell Technologies Cut to Equal-Weight at Barclays; PT $574
* Goodtech Cut to Hold at Norne Securities; PT 19 kroner
* Hemnet PT Cut to 75 kronor from 104 kronor at Citi
* HP Enterprise Cut to Equal-Weight at Barclays
* NetApp Cut to Equal-Weight at Barclays
* Norion Bank Cut to Hold at ABG; PT 68 kronor
* Porsche Cut to Underweight at Oxcap; PT 39 euros
* Swiss Re Cut to Underperform at Jefferies; PT 110 Swiss francs
* Whitbread Cut to Add at AlphaValue/Baader

>>> Initiation
* Bulten Rated New Buy at SB1 Markets; PT 100 kronor
* Carmila Rated New Buy at Berenberg; PT 18.10 euros
* Lumibird Rated New Outperform at Oddo BHF; PT 31 euros
* Wienerberger Rated New Hold at Jefferies; PT 16 euros

>>> Call
* Admiral PT Cut to Street-Low at Peel Hunt on Weak UK Motor Cycle
* Carmila Initiated Buy at Berenberg on Attractive Expansion
* Glencore Upgraded at JPMorgan, Antofagasta Also Among Top Picks
* Rising AI Risks Strengthen the Case to Diversify, Jefferies Says
* Porsche Downgraded to Underweight at Oxcap on Volume Outlook
* RBC Sees ‘Defensive Opportunity’ After J&J Selloff Post Results
* Swiss Re Faces Softening Prices, Jefferies Cuts to Underperform

(ZeroHedge) "I'll Be Short Whole Year": Paul Tudor Jones Warns Of Looming Dot-Co

"I'll Be Short Whole Year": Paul Tudor Jones Warns Of Looming Dot-Com Style Equity Supply Tsunami

Paul Tudor Jones appeared on CNBC's "Squawk Box" earlier this morning and warned that corporate buybacks and mergers and acquisitions, which have fueled the four-year bull market, are nearing an inflection point and could reverse next year.

"2027 is going to be really, really challenging for the stock market," Jones, the founder and CIO of Tudor Investment, told Andrew Ross Sorkin.
Jones continued, "You've probably got the most negative flow picture for the U.S. stock market that we've had, say, since 2002."
"I'll be short the whole year. There just... there's little value," Jones emphasized.
He added, "You had all this issuance, all these IPOs in '98 and '99, and really 2000, 2001, 2002. Those were the easiest years to be short because you kept having these unlocks that just kept adding supply to the market."
Unlike Jones, Goldman's chief US equity strategist Ben Snider does not expect the tsunami of new supply to "derail the bull market" in the near term.

The Equity Flood
SpaceX's blockbuster $75 billion IPO, SK hynix's $26.5 billion US cross-listing, and others have sparked a wave of new equity issuance and upcoming lockup expirations, setting the stage for the largest increase in net US public equity supply since the bubbly dot-com era.
"2026 is on track to be a record year for US equity issuance. US corporates have raised $431 billion YTD via IPOs, follow-ons, converts, and SPACs, representing growth of 98% year/year. The total dollar volume of US equity issuance in 2026 will likely surpass the previous high of $540 billion in 2021. However, the number of deals and the value of issuance scaled to market cap are close to historical averages," Snider wrote in the note.
Snider's outlook for next year is as follows: $1.7 trillion in shares will become eligible for sale in 2027 as IPO lockups expire, alongside $600 billion in new corporate equity issuance. Including those unlocks, he expects the largest increase in net US public equity supply since 2000.
Goldman Doesn't See Surging Equity Supply "Derailing Bull Market"
"Including expiring lockups, the net supply of US public equity will likely increase next year by the largest amount since 2000. The shifting balance of corporate supply and demand adds pressure on equity valuations, but we do not expect increasing equity supply to derail the bull market. Strong demand from households and foreign investors totaled more than $1 trillion in H1 2026, and our outlook for continued economic and earnings growth alongside declining interest rates should support continued investor demand for equities in 2027," Snider said.
"Corporate equity issuance in 2027 should equate to slightly less than 1% of US equity market cap, in line with the 10-year average," Snider added.
As of Friday, when the note was penned, the S&P 500 was within 1% of its record high, with the median stock trading 16% below its own high. Snider said his breadth indicator, which compares the index's and the median stock's distances from their respective 52-week highs, has weakened to its lowest level since the Dot Com era.
The counterweight to the flood of new equity issuance is expected to be $1.7 trillion in corporate share buybacks next year, up from $1.5 trillion in 2026, with cash acquisitions helping push total corporate equity demand above $2 trillion. But one vulnerability remains: further interest rate increases could slow buyback growth as debt financing becomes more expensive relative to equity.
Here's more color on why Snider doesn't think the new equity supply will weigh on the major equity indices:
We do not expect additional equity supply to derail the bull market in the near future. The shifting balance between corporate equity supply and demand adds to the various macro and micro factors pressuring equity valuations. However, Federal Reserve data show US household equity purchases exceeding $800 billion in H1 2026, with non-US investors adding more than $350 billion in additional demand. Our outlook for continued earnings growth alongside declining yields should support continued investor demand for equities.
Weak market breadth, heavy index concentration in AI-related stocks, and the prospect of the largest increase in net US public equity supply since 2000 create a troubling backdrop if bond yields continue rising. Higher financing costs could pressure valuations and curb buyback growth.
Easing tensions between Russia and Ukraine or in the Gulf could lower crude and refined-product prices (diesel), temper inflation expectations, and ease bond yields.
That would support valuations and help equities absorb the supply.
Now it should make sense ...
... why Treasury Secretary Scott Bessent and others in the Trump administration are pushing non-stock owners to buy now. Someone besides pension funds needs to soak up the new supply: retail.
Let's not forget that both Anthropic and OpenAI confidentially filed draft S-1 registrations for potential IPOs.
So who do you trust? The trader who was there risking his own money the last time this flood of supply occurred? Or the bank that is picking up nickels in front of the underwriting steamroller?

>>> Stoxx 600 Pre-Market Indications

  • Prosus (1TY TH) +1.1%
  • Glencore (8GC TH) +1.1%
    • Glencore Closes at Premium to London Shares in Sydney Debut
  • AstraZeneca (ZEG TH) -1%
  • Pernod Ricard (PER TH) -1.1%
  • Novo Nordisk (NOV TH) -1.1%
    • NOTE: Zealand Pharma Makes Deal With Generate Worth Up to $1.2 Billion
  • ASML (ASME TH) -1.3%
    • ASML Raises Full-Year Sales Outlook as AI Boom Drives Demand
  • Orsted (D2G TH) -2%
    • White House Takes Aim Again at Orsted’s Offshore Wind Farm

>>> TradeGate Pre-Market Indications

DAX:
  • Vonovia (VNA TH) +1%
MDAX:
  • Aroundtown (AT1 TH) +1.7%
  • Schaeffler (SHA0 TH) +1.4%
  • SUSS MicroTec (SMHN TH) +1.1%
  • Freenet (FNTN TH) +1%
    • Freenet Buys Remaining ~25% of waipu.tv for ~€76m
SDAX:
  • Evotec (EVT TH) +5.4%
    • Evotec Prelim 9M Adjusted Ebitda Loss EU42.8M
  • Jungheinrich (JUN3 TH) +1%
  • PNE AG (PNE3 TH) -12%
    • *PNE:GUIDANCE ADJUSTMENT DUE TO SOME EXPECTED POSTPONED PROJECTS

Reuters - China factory-gate inflation heats up as commodity costs rise, CPI lag

China factory-gate inflation heats up as commodity costs rise, CPI lags forecasts

  • September PPI +5.0% year-on-year, tops forecasts
  • CPI +0.9% from +0.8% in August, undershoots expectations
  • Higher fuel, commodity prices lift manufacturing costs
  • Concerns persist over domestic-demand weakness

BEIJING, Oct 14 (Reuters) - China's producer prices rose at their fastest ​pace in more than four years in September while consumer inflation edged up, as pricier oil ‌and commodities lifted factory-gate costs even as weak domestic demand kept broader price pressures contained.

The data suggests prices are revving up for manufacturers, but weak consumer demand continues to restrain inflation, reinforcing concerns that China still faces an uneven recovery driven more ​by exports than spending.

Household spending remains subdued and private-sector confidence fragile despite a series of stimulus measures, ​underscoring persistent weakness in domestic demand and broader economic imbalances.


The producer price index rose ⁠5% from a year earlier, National Bureau of Statistics data showed on Wednesday, up from 3.8% in August ​and beating the estimated 4.5% rise in a Reuters poll. That marks the fastest pace of factory-gate inflation since ​June 2022.

"Much of the upward pressure still came from commodity supply disruptions caused by the Middle East conflict, with prices rising particularly sharply in fuel processing, chemicals and non-ferrous metals," said Nguyen Hoang Nam, China economist at Capital Economics, who expects prices ​to fall back next year.

Higher oil and commodity prices, driven by transport disruptions, adverse weather and geopolitical ​tensions, have increased cost pressures for manufacturers, though sluggish demand has limited the pass-through to consumers.

The consumer price index (CPI) gained 0.9% ‌year-on-year, compared ⁠with a 0.8% increase in August, and came in below economists' forecast for a 1% rise.

Gasoline prices soared 16.6% from a year earlier and contributed about 0.47 percentage points to headline CPI growth, the statistics agency said.

Underlying consumer price pressures, however, remained muted, suggesting households are still cautious about spending.

Core inflation, which excludes volatile ​food and energy prices, was ​up 1% on the ⁠year, unchanged from August.

Zhou Hao, chief economist at Guotai Junan International, said a key question is whether stronger industrial momentum can gradually feed into employment, income growth and ​consumer confidence.

"If that transmission mechanism improves, the current divergence between producer and consumer prices ​could narrow ⁠from the demand side, creating a more balanced and durable recovery in 2027."

Markets were little changed, with China's blue-chip index (.CSI300), opens new tab down 0.1% and the Shanghai Composite (.SSEC), opens new tab up 0.1%.

Beijing has stepped up support for the economy, approving an additional 550 billion ⁠yuan ($82.15 billion) ​in unused local government bond quota for infrastructure and other spending, ​adding to measures such as mortgage subsidies.

>>> Pres. Trump: Massive Oil, Gas, and Mineral Exploration is getting ready to b

Pres. Trump: Massive Oil, Gas, and Mineral Exploration is getting ready to begin in our new and beautiful Greenland! - post on Truth Social

Massive Oil, Gas, and Mineral Exploration is getting ready to begin in our new and beautiful Greenland! There are Experts that are saying that the amount of easily available Oil is far greater than that of almost any land, anywhere in the World and, even more importantly, from a Security Purpose in the Defense and Offense of both the United States of America, and Europe, is second to none. Any future attack on the United States will have to come across Greenland, where our Defense will routinely knock down drones, missiles, or any other form of weapon not yet even conceived. It gives us time, location, and sightline, like nowhere else in the World! Thank you for your attention to this matter. President DONALD J. TRUMP