Inditex rises 1.7 percent on the Madrid Stock Exchange ahead of its Q3 report to be released on December 11. This is on expectations that the Spanish clothing company will deliver another strong result.

The analyst house Alantra Equities, which has a sell recommendation on Inditex, expects sales to increase by 8 percent, despite a negative currency effect, Bloomberg writes.

Expectations for the Q4 sales update are for sales to grow moderately by 9-10 percent, supported by a positive contribution from the Black Friday campaign and government growth.

Renta, which has a 'hold' recommendation on Indiex, believes management will reiterate its full-year 2024 guidance and forecasts Q3 net profit to be up 19 percent on an annualized basis, with sales rising 9 percent.

JBCapital Markets has raised its target price for Inditex to 49.5 euros (47.5 euros), the news agency notes.

The stock is currently trading at €55.8, just below the €55.96 all-time high. So far this year, the rise is 41%.

That compares with Swedish clothing giant H&M, which is up 3.2 percent in today's trading, but has performed much worse so far this year, down 7.5 percent. H&M's all-time high was set in February 2015.