REGISTER: Hear how PetroTal (PTAL) is increasing oil & gas production in Peru. Find out more at the focusIR Feb Investor Webinar. Sign up here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here
SEEEN plc CEO, Adrian Hargrave, discusses operational & trading highlights & outlook for 2025
SEEEN plc CEO, Adrian Hargrave, discusses operational & trading highlights & outlook for 2025View Video
Majestic Corporation: An Introduction to Urban Mining and Critical Mineral Recycling
Majestic Corporation: An Introduction to Urban Mining and Critical Mineral RecyclingView Video

Latest Share Chat

Pin to quick picksLVMH Share News (MC.PA)

Share Price Information for LVMH (MC.PA)

Euronext Paris
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 706.80
Bid: 706.80
Ask: 706.90
Change: 5.30 (0.756%)
Spread: 0.10 (0.014%)
Open: 705.20
High: 707.50
Low: 699.20
Prev. Close: 0.00
MC.PA Live PriceLast checked at -
  • This share is an international stock.

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

"Buy Europe": New peaks for Paris, Copenhagen and blue chips

Thu, 13th Apr 2023 11:25

STOXX 600 up 0.2%

*

LVMH hits fresh record high after results

*

UK economy fails to grow as expected in February

*

U.S. stock futures inch up

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

"BUY EUROPE": NEW PEAKS FOR PARIS, COPENHAGEN AND BLUE CHIPS (1016 GMT)

Some investors believe European stocks have the potential to beat Wall Street in the months ahead as a big valuation discount makes them look more attractive in an environment where central banks haven't yet finished their tightening jobs.

The "Buy Europe" trade has been almost plain sailing since late 2022 when it became clear that Europe had escaped a recession, but the mini banking crisis that shook markets in March has led to a big pullback in its relative performance vs U.S. peers.

However, new signs are emerging that Europe is striking back.

The STOXX Europe 50 blue-chip index - which comprises heavyweights like LVMH , Nestle, Novo Nordisk and ASML - has climbed past its 2007 peak above 4,000 points and is now at 22-year highs. The index is up 10% YTD.

In Paris, the CAC 40 hit an intraday record high for the third consecutive session today, while on Copenhagen, the OMX 20 is also breaking fresh lifetime highs. They are up 15% and 11% respectively, YTD.

London's FTSE 100 and Frankfurt's DAX are the next ones to watch - both needing around 3% below to reach their previous lifetime peaks.

In the chart below, the performance of the region-wide STOXX 600 index -- itself 6% below its record high -- relative to the S&P 500 -- which is 16% below its peak.

More reading here: "Buy Europe" trade: down, but not out

Also, Barclays strategist Emmanuel Cau last week affirmed his preference for Europe (and EM) stocks over Wall Street, even though he's recommending a more defensive tilt to portfolios.

(Danilo Masoni)

HR MANAGERS PREDICT UK REDUNDANCIES - SURVEY (0905 GMT)

Over a quarter of UK firms will likely make redundancies in 2023, according to research from Ayming UK.

Ayming surveyed 200 senior human resource (HR) managers in UK companies in tech, construction, professional services and public sector to find out that "in contrast to the buoyant job market of the last couple of years", 37% of organisations are reducing recruitment while 26% say they are likely to make redundancies this year.

"Beyond cost cutting, automation is also playing a role in the shake-up of the employment landscape, especially with the recent launch of artificial intelligence like Chat GPT," Ayming said.

According to the survey, a third of organisations -which included SMEs and larger cap - expected to introduce AI automation that will replace some jobs in 2023.

Automation could also strengthen the case for a four-day work week, with almost two/thirds of organisations surveyed supporting a four-day week.

The survey was conducted between Jan. 23 and 27.

For more on UK empployment:

UK recruiters slow pace of pay growth in March, REC survey shows

Google workers in London stage walkout over job cuts

(Joice Alves)

LVMH SURGE TO FRESH RECORD HIGH LIFTS EUROPEAN STOCKS (0740 GMT)

European shares are on the rise, getting support from heavyweight luxury stocks after Europe's largest company by market capitalisation, LVMH, reported uplifting results.

Also supporting risk sentiment were hopes of a pause in the U.S. Fed's rate-hiking cycle, following cooler-than-expected inflation data.

Luxury giant LVMH shares rose almost 5% to fresh record high after reporting a 17% rise in first-quarter sales that breezed past estimates as business in China rebounded sharply.

The STOXX 600 rose 0.5% with personal goods index leading gains, while utilities fell 0.9%.

Other luxury companies Richemont and Hermes added around 4% each.

UK's FTSE 100 was flat after data showed Britain's economy failed to grow as expected in February as strikes by public workers hit output.

(Joice Alves)

STOXX SEEN HIGHER AS BETS RISE FED READY TO STOP HIKING (0610 GMT)

European futures are trading higher as investors welcome cooler-than-anticipated U.S. inflation data, which stoked expectations that the Federal Reserve's monetary tightening cycle will end next month with one last interest rate hike.

Data showed on Wednesday that U.S. consumer prices barely rose in March as the cost of gasoline declined. Minutes from the Fed's March meeting also showed some policymakers considered pausing hikes, before agreeing to last month's 25 basis point rise, amid concerns on whether bank wobbles would cause a broader tightening in credit.

FTSE futures are lagging after data showed the British economy failed to grow as expected in February, as strikes over the course of the month hit output.

In terms of corporate news, LVMH, the world's largest luxury company, reported a 17% rise in first-quarter sales, more than double analysts' expectations, as China rebounded sharply after COVID-19 lockdowns.

(Joice Alves)

EURO(PE) IS ON A ROLL (0607 GMT)

The euro emerged as the clearest winner of slowing U.S. inflation and a watchful Fed. The common currency climbed 0.7% on Wednesday and was still going at $1.10 in the Asian morning.

It is up seven weeks in a row - the longest winning streak since the latter stages of 2020 when the dollar was falling and global markets were in a stimulus-soaked euphoria.

The thinking goes that inflation will keep Europe's central bankers more hawkish than their U.S. counterparts, although perhaps not by much. Europe's blue-chip stocks also hit their highest in 22 years on Wednesday.

Sterling is riding similar tailwinds. Earnings this week could test the dollar's downtrend as markets look for signals on consumer behaviour and signs of tightening credit.

A surprise leap in Chinese exports in March may well suggest a global economy that's stronger than previously thought.

British GDP and Tesco earnings later today offer another window on that, as will European industrial output and U.S. producer price data.

In Asia on Thursday, news of SoftBank selling out of Alibaba weighed on Hong Kong shares, as did the cratering stock price of property developer Sunac upon its resumption of trade after more than a year-long suspension.

Australian jobs surprised to the upside, and traders largely shrugged off another North Korean missile launch.

But the minutes from last month's Fed meeting, which was held in an atmosphere of heightened fears over bank stability, suggested that policymakers' next moves will depend on credit conditions - and this will put more attention than usual on big U.S. bank earnings reports when they come out on Friday.

In a note titled "The Home Stretch", Goldman Sachs' chief economist Jan Hatzius is sticking with an out-of-consensus call that a U.S. recession is not a foregone conclusion, noting that bank crisis risks have receded considerably in the past month.

Friday will bring some colour on the situation from Citi, Wells Fargo and JP Morgan Chase, although the focus remains on regionals. Earlier in the week, shares fell at the Bank of South Carolina after it noted thin margins and "precipitous increases in our deposit costs to meet the intense competition amongst banks, brokerages, and the U.S. Treasury."

Bitcoin, meanwhile, marches on, scaling $30,000 this week for the first time since last summer.

Key developments that could influence markets on Thursday:

Tesco earnings, British Feb GDP, Eurozone industrial output, U.S. jobless claims and PPI

(Tom Westbrook)

More News
Today 13:02

Trump tariffs would test pricing power of Europe's luxury goods makers

Luxury brands say they will raise prices if US imposes tariffs

*

Read more
5 Feb 2025 10:38

Motor racing-Moet & Chandon puts champagne back on the F1 podium

LONDON, Feb 5 (Reuters) - Moet & Chandon was confirmed as Formula One's official champagne provider on Wednesday with French fizz returning to the podium after four years of drivers celebrating by spraying Italian sparkling wine.

Read more
3 Feb 2025 17:59

Europe's STOXX 600 logs biggest daily drop in 2025 as US tariffs rattle investors

Julius Baer falls after plans to cut workforce

*

Read more
31 Jan 2025 12:53

Designer Kim Jones bows out from LVMH's Dior menswear brand

PARIS, Jan 31 (Reuters) - British fashion designer Kim Jones is stepping down as artistic director for menswear at Christian Dior, the LVMH-owned label said on Friday, signalling a potential shift in its design approach as the brand struggles with slowing sales.

Read more
31 Jan 2025 08:29

Designer Kim Jones leaving LVMH's Dior Homme brand

PARIS, Jan 31 (Reuters) - Fashion designer Kim Jones is leaving LVMH's Dior Homme brand, said the company on Friday. (Reporting by Mimosa Spencer; Editing by Sudip Kar-Gupta)

Read more
29 Jan 2025 12:37

LVMH shares set for biggest drop in over a year on fading recovery hopes

LVMH shares fall as much as 6.7% in early trade

*

Read more
29 Jan 2025 08:35

LVMH drags down luxury shares as budding hopes fade

PARIS, Jan 29 (Reuters) - Shares in luxury conglomerate LVMH were down in early trade on Wednesday, after the company's end-of-year report disappointed investors hoping for stronger signs of rebound from the sector bellwether.

Read more
28 Jan 2025 21:27

LVMH touts good start to 2025 but Q4 results underwhelm

Q4 sales up 1% vs forecast decline of 1.6%

*

Read more
28 Jan 2025 19:01

LVMH says 2025 off to good start after quarterly sales beat

Q4 sales up 1% vs forecast decline of 1.6%

*

Read more
28 Jan 2025 16:41

LVMH beats forecast with 1% rise in fourth quarter sales

PARIS, Jan 28 (Reuters) - Luxury bellwether LVMH beat expectations on Tuesday with a 1% rise in fourth-quarter sales as demand for designer fashion and handbags picked up over the holiday season, adding to hopes the sector has turned a corner.

Read more
24 Jan 2025 18:25

Dior's Kim Jones pares down embellishments for winter catwalk show

PARIS, Jan 24 (Reuters) - Dior men's artistic director Kim Jones kept embellishments to a minimum for his winter 2025-2026 catwalk show, putting the focus on silhouettes, including long, cape-like coats and cropped leather jackets.

Read more
24 Jan 2025 18:07

Diageo exploring potential spin-off or sale of Guinness, Bloomberg News reports

Guinness is a bright spot in Diageo's portfolio

*

Read more
24 Jan 2025 17:11

FTSE 100 slides as stronger sterling hits export-focused firms; Burberry soars

Sterling jumps as tariff doubts weigh on dollar

*

Read more
24 Jan 2025 10:12

Burberry turnaround hopes boosted by US holiday shoppers

Q3 sales down 4% vs expected 12% decline

*

Read more
16 Oct 2024 17:41

European tech, luxury stocks tumble as ASML, LVMH results disappoint

France's CAC 40 underperforms peers on luxury drag

*

Read more

Track Your Investments

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.