The extension and renewal of licensing agreements with bruno banani and Mexx are likely to have a positive impact on Coty's stock price in the short term. These agreements ensure continuity in Coty's product offerings and could lead to increased sales and revenue, which investors typically view favorably. The relevance is high as the news directly involves Coty's business operations and strategy. The importance is significant because licensing agreements contribute to Coty's revenue and brand strength. The confidence level is based on the typical market response to positive partnership news and the assumption that these brands are meaningful to Coty's portfolio.