Table of Contents
Introduction ....................................................................................... 3
The world in charts ...................................................................................................................3
Sector trends ..................................................................................... 4
Degree of emerging markets strength to be the key................................................................4
Europe......................................................................................................................................5
North America..........................................................................................................................6
Japan .......................................................................................................................................7
Asia ex-Japan...........................................................................................................................8
Currency trends ................................................................................. 9
Euro and GBP strengthening a negative for the sector.............................................................9
Company trends .............................................................................. 10
Bulgari (Price