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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: 713.00
Bid: 686.00
Ask: 694.00
Change: 0.30 (0.042%)
Spread: 8.00 (1.166%)
Open: 720.00
High: 723.00
Low: 711.10
Prev. Close: 707.20
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)

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26 Jan 2024 15:25

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Remy's shares soar on signs of US, China improvement

Q3 sales down underlying 23.5%, better than expected

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Remy Cointreau tracks best day in 22 years after Q3 sales beat

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24 Jan 2024 17:08

European shares jump on upbeat tech earnings, China cenbank aid

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23 Jan 2024 17:01

European shares dip amid caution ahead of ECB policy decision; miners limit losses

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18 Jan 2024 17:08

European shares advance as chipmakers rally, earnings a bright spot

Richemont jumps on Q3 sales beat

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18 Jan 2024 11:42

Luxury group Richemont's sales surge in China, boosting its shares

Shares rise 10%

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17 Jan 2024 17:05

European shares slide more than 1% on hawkish ECB remarks, disappointing China data

Dec. EZ final consumer prices at 2.9% on yearly basis

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12 Jan 2024 18:05

Burberry warns on profit as luxury demand ebbs

Had warned on revenue outlook in November

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12 Jan 2024 17:33

Burberry warns on profit as luxury demand ebbs

Had warned on revenue outlook in November

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12 Jan 2024 15:04

Olympics-Alcohol-free Corona Cero to be official Paris beer as AB InBev signs deal

LONDON, Jan 12 (Reuters) - Anheuser-Busch InBev will be an official sponsor for three Olympic Games starting with the Paris 2024 summer event this year, the brewer said on Friday, naming its alcohol-free Corona Cero as the official beer of the Games.

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12 Jan 2024 08:16

Burberry shares hit lowest since 2020, luxury stocks sag

LONDON, Jan 12 (Reuters) - Shares in British luxury group Burberry fell as much as 14% in early trade on Friday after the company downgraded its guidance, citing a slowdown in luxury demand.

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10 Jan 2024 06:00

Drugs group Sanofi makes Olympic jump in rebrand bid

LONDON, Jan 10 (Reuters) - Sanofi is hoping that by sponsoring the Olympic Games it can attract new talent, reward existing staff and shake off the French drugmaker's conservative image.

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5 Jan 2024 13:12

Industry experts react to China's anti-dumping probe into EU brandy

SHANGHAI/PARIS, Jan 5 (Reuters) - China launched on Friday an anti-dumping investigation into brandy imported from the European Union, which will focus on brandy in containers of less than 200 litres (44 British gallons).

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3 Jan 2024 17:10

European shares see worst day in nearly eight weeks after stellar 2023

STOXX 600 down 0.9%

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