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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
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Share Price: 705.10
Bid: 686.00
Ask: 694.00
Change: -2.50 (-0.353%)
Spread: 8.00 (1.166%)
Open: 705.20
High: 707.60
Low: 699.20
Prev. Close: 0.00
MC.PA Live PriceLast checked at -
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European stocks eke out small gains, Orsted shines

Mon, 07th Oct 2024 17:46

ECB seen cutting rates again in Oct

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Luxury stocks rise on China optimism

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German economy to contract in 2024, econ ministry says

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STOXX closes up 0.1%

Oct 7 (Reuters) - European stocks eked out marginal gains on Monday, with Orsted topping the STOXX index as Norway's Equinor bought a stake in the offshore wind developer, although gains were limited by rate-sensitive stocks like real estate and utilities.

The STOXX 600 index ended up 0.1%, with bank shares leading the sectoral charts. However, real estate and utilities stocks lost 1.4% and 0.5%, respectively.

German stocks dipped 0.1% after industrial orders fell more than expected in August. Separately, the country's economy ministry said the currency union's largest economy is expected to contract by 0.2% in 2024, its second-straight year in contraction.

"The euro zone is growing slightly less than expected, with persistent differences between manufacturing and services, and between Germany and the rest of the region," said Miguel Jiménez, lead economist at BBVA Research.

Traders now see a bigger chance of a 25 basis-point Federal Reserve cut rate cut in November, a shift from last week when most were betting on a 50 bps move. They have also nearly priced in another 25 bps cut by the European Central Bank this month as inflationary pressures ease faster than policymakers had expected.

Investor morale in the euro zone unexpectedly rose in October after three months of decline, boosted by rising expectations even as dissatisfaction with the current situation hit a new low this year, a survey showed.

Among stocks, Orsted shot up to the jumped 6% after Equinor bought a stake valued at around $2.5 billion in the Danish offshore wind farm developer. The Norwegian firm lost 3.4%.

Luxury stocks were broadly higher, with French names including Kering, LVMH and Hermes up between 1.2% and 4.6%, signalling continued optimism over China's stimulus measures to revive its economy.

European luxury firms draw a large part of their revenue from China

Richemont rose 2% after the Cartier owner agreed to sell its Yoox Net-A-Porter (YNAP) online fashion and accessories business to German luxury fashion platform Mytheresa. (Reporting by Sruthi Shankar, Johann M Cherian in Bengaluru and Paolo Laudani in Gdansk; Editing by Sherry Jacob-Phillips)

More News
22 Jul 2024 10:01

UK's Hammerson to sell stake in Bicester Village owner to LVMH backed private equity firm

July 22 (Reuters) - UK shopping mall owner Hammerson said on Monday it is selling its entire 42% stake in luxury shopping centre operator Value Retail to LVMH-backed private equity firm L Catterton for an enterprise value of 1.5 billion pounds ($1.94 billion).

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15 Jul 2024 13:04

UK luxury brand Burberry gets new boss to revive revamp

Q1 sales down 21%

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28 Jun 2024 07:00

Paris' La Defense seeks revival with smaller, greener offices

PARIS, June 28 (Reuters) - Paris's La Defense business district is betting that modernising more than 300,000 square metres (3.2 million sq. ft) of offices into greener and more flexible work space will lure back companies and ease record high vacancy rates.

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6 Jun 2024 11:35

Chanel's creative director Virginie Viard to leave brand

June 5 (Reuters) - Chanel artistic director Virginie Viard is leaving the label, the luxury brand said on Thursday, kicking off speculation over who will replace her in one of the fashion industry's most coveted positions.

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21 May 2024 18:35

Big city malls the future for Klepierre in battle with online

May 21 (Reuters) - Mall operator Klepierre is focusing on Europe's most dynamic and affluent big cities and offering experiences beyond shopping to compete with fast-growing online retailers, its chairman Jean-Marc Jestin told Reuters on Tuesday.

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16 May 2024 09:59

Watches of Switzerland shares tick higher on brighter outlook

Company 'cautiously optimistic' on new financial year

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15 May 2024 12:12

Burberry looks to classics after Lee's designs struggle to excite

Q4 like-for-like sales slump 12%, China down 19%

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25 Apr 2024 17:06

European stocks retreat on earnings gloom, weak US economic data

Hermes quarterly sales jump 17% on strong China demand

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24 Apr 2024 16:47

Luxury sector outlook clouded by China's slow recovery

PARIS, April 24 (Reuters) - Sales updates from Europe's big luxury brands have offered scant reassurance that Chinese demand for high-end fashion is recovering, leaving a cloud over the outlook for the industry.

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17 Apr 2024 17:11

Adidas, LVMH steer European shares higher on earnings relief

LVMH climbs as quarterly sales placate industry concerns

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17 Apr 2024 08:48

LVMH Q1 meets expectations, reassuring luxe sector

profit warning

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16 Apr 2024 19:28

LVMH sales growth slips on luxury spending slowdown

PARIS, April 16 (Reuters) - LVMH's sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splashing out thousands of dollars on handbags and other accessories.

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16 Apr 2024 16:45

LVMH's first quarter sales growth slips to 3% on luxury slowdown

PARIS, April 16 (Reuters) - LVMH reported a 3% rise in first quarter sales on Tuesday, marking a slowdown as rising prices prompted more shoppers who aspire to own its handbags and other luxury goods to hold back on splashing out thousands of dollars.

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12 Apr 2024 17:19

Europe's STOXX 600 flat on rising Middle East tensions, energy stocks spike

Main energy stocks index hits highest since 2008

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26 Jan 2024 17:08

LVMH, Remy Cointreau results boost European shares to 2-year highs

LVMH jumps on Q4 sales growth

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