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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: 684.20
Bid: 686.00
Ask: 694.00
Change: 0.80 (0.117%)
Spread: 8.00 (1.166%)
Open: 695.00
High: 696.00
Low: 682.80
Prev. Close: 696.90
MC.PA Live PriceLast checked at -
  • This share is an international stock.

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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
10 Aug 2023 15:57

European luxury and travel stocks gain as China lifts bans on group tours

MILAN, Aug 10 (Reuters) - Luxury and travel stocks were among the leading gainers in Europe on Thursday as investors cheered China's decision to lift a ban on group tours in the United States and other key markets.

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10 Aug 2023 08:30

European luxury and travel stocks gain as China lifts bans on group tours

MILAN, Aug 10 (Reuters) - Luxury and travel stocks were among the leading gainers in Europe on Thursday as investors cheered China's decision to lift a ban on group tours in the United States and other key markets.

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2 Aug 2023 17:57

Major global firms warn of slow China sales as post-pandemic surge fades

Aug 2 (Reuters) - Global firms from consumer goods giant Unilever to automaker Nissan and machinery maker Caterpillar have warned of slowing earnings in China as the world's second-largest economy loses its post-pandemic bounce.

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1 Aug 2023 17:17

European shares start August on sour note as global factory activity falters

STOXX 600 ends down 0.9%

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25 Jul 2023 18:39

EssilorLuxottica's Q2 sales rise on China recovery

July 25 (Reuters) - Luxury eyewear maker EssilorLuxottica reported on Tuesday a rise in second-quarter revenue as growth in its European retail business and continued recovery in China helped to offset a slowdown in North America.

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17 Jul 2023 17:24

European shares slip as Richemont, China data drag

STOXX 600 down 0.6% in soft start to the week

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14 Jul 2023 10:05

China drives Burberry first-quarter sales jump

China comparable store sales up 46%

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13 Jul 2023 12:15

Are higher rates the best way forward?

STOXX Europe 600 up 0.5%

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13 Jul 2023 11:25

BASF, LVMH and the crowding factor in beats & misses

STOXX Europe 600 up 0.5%

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11 Jul 2023 17:41

European shares rise, Irish stocks lead

STOXX 600 up for third straight session

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10 Jul 2023 11:27

UK stocks: Even cheaper than normal

STOXX 600 up 0.1% after last week's rout

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10 Jul 2023 09:14

STOXX stabilises after last week's slide

STOXX 600 mostly steady after last week's rout

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27 Jun 2023 17:11

European shares inch up on China boost, rate hike fears limit gains

STOXX 600 edges 0.1% up

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20 Jun 2023 17:44

China-exposed miners, luxury shares drag STOXX 600 down; Lanxess plunges

China-exposed miners and luxury stocks weigh

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19 Jun 2023 17:23

European shares slide, Germany's DAX retreats from record high

Getinge warns of profit hit, shares drop

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