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Pin to quick picksLVMH Share News (MC.PA)

Share Price Information for LVMH (MC.PA)

Euronext Paris
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Share Price: 702.60
Bid: 702.60
Ask: 702.70
Change: 14.80 (2.152%)
Spread: 0.10 (0.014%)
Open: 698.80
High: 708.50
Low: 694.50
Prev. Close: 687.80
MC.PA Live PriceLast checked at -
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Europe's STOXX 600 at all-time high as China-exposed firms revel in stimulus boost

Fri, 27th Sep 2024 17:32

STOXX 600 up 0.5% to round out best week since August

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Italy's Moncler surges after LVMH buys stake

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Denmark's Novo Nordisk falls as JPM predicts soft Q3 results

Sept 27 (Reuters) - Europe's STOXX 600 share index closed at a record high on Friday as companies and sectors exposed to China continued to rally after Beijing unveiled a raft of stimulus measures this week, with luxury firms amongst the biggest gainers.

The pan-European STOXX 600 closed up 0.5% at 528.08, taking its gains for the week to more than 2%.

China-exposed sectors such as automakers and chemicals were among the biggest risers, each jumping more than 2%, reflecting the importance of the country to European companies.

China's central bank lowered interest rates and injected liquidity into the banking system as Beijing assembled a last-ditch stimulus assault to pull economic growth back towards this year's roughly 5% target.

"(China) sent a clear signal that stimulus will be stepped up across the board and turning the economy has the number one priority now," analysts at Danske Bank said.

"It is the biggest round of stimulus since the current crisis started three years ago and could turn out to be China's 'whatever-it-takes' moment."

Luxury firms LVMH and Richemont gained 3.7% and 2.7%, respectively.

A gauge of 10 of Europe's biggest luxury firms added 2.6% , lifting its weekly gain above 13%, the most since the index was created in 2016.

Moncler also rose 10.9% after French rival LVMH took a small stake in the Italian outerwear specialist.

Inflation eased more than expected in two of the euro zone's biggest economies, France and Spain, this month and the German jobs market continued to cool, adding to an already substantial case for the European Central Bank (ECB) to cut borrowing costs again next month.

Major brokerages, including Goldman Sachs and JPMorgan, now expect the ECB to deliver a quarter-point cut at its Oct. 17 meeting.

Yields on euro zone government bonds, which move inversely to prices, fell on Friday.

Among other stocks, index heavyweight Novo Nordisk fell 4.6%, with two analysts pointing to JPMorgan's third quarter preview note that predicted the Danish drugmaker's results would fall short of consensus.

Britain's Cranswick jumped 6.7% after the meat producer forecast its annual profit towards the upper end of the market view.

(Reporting by Pranav Kashyap and Shashwat Chauhan in Bengaluru; Editing by Sherry Jacob-Phillips, Kirsten Donovan)

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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.

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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

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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.

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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)

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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

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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.

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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%

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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%

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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.

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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.

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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

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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

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24 Jan 2025 10:12

Burberry turnaround hopes boosted by US holiday shoppers

Q3 sales down 4% vs expected 12% decline

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16 Oct 2024 17:41

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

France's CAC 40 underperforms peers on luxury drag

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16 Oct 2024 16:43

US stocks mixed as cyclicals take the lead, crude weakness persists

Morgan Stanley beats estimates, stock touch record high

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