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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: 707.20
Bid: 686.00
Ask: 694.00
Change: 0.00 (0.00%)
Spread: 8.00 (1.166%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 707.20
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Miners, luxury sector weigh on Europe's STOXX 600

Tue, 08th Oct 2024 17:34

China sparks global risk-off mood

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Spirits makers hit by anti-dumping measures

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Vistry plunges as co slashes profit outlook

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STOXX 600 drops 0.5%

Oct 8 (Reuters) - European stocks settled lower on Tuesday, as a lack of fresh details over China's stimulus measures sparked a selloff in sectors linked to the world's second-largest economy such as mining and luxury.

The pan-European STOXX 600 index dropped around 1% to touch a two-week low, before paring losses and declining 0.55%.

Luxury firms such as LVMH, Kering, Burberry and Hermes, which draw a large part of their revenue from China, fell in the range of 0.6% to 4.5%.

Miners fell the most among European sectors, down 4.4%, as copper and iron ore prices dropped after Chinese officials failed to inspire confidence in stimulus plans intended to revive the economy.

Shares of spirits makers Remy Cointreau and Pernod Ricard dropped 6.4% and 4.2%, respectively, as China announced provisional anti-dumping measures on brandy imports from the European Union.

Luxury stocks and spirit makers weighed on France's stock index that underperformed the benchmark STOXX and other markets in the currency union.

"The market can live with some additional tariffs here and there, but it can get escalated if they impose dramatic tariffs more quickly to really turn the screws," said Chris Beauchamp, chief market analyst at IG Group.

"Negotiations are going around cars and engine makers at the moment and are probably the key ones to watch."

A nearly 5% slide in crude prices hurt energy-focused bourses in the UK and Norway that dropped over 1.3% each.

On the data front, German industrial production rose by a larger-than-expected 2.9% in August but did little to lift market sentiment, with traders focused on a gloomy picture of the euro-zone economy.

Still, the STOXX index, along with German, Italian and Spanish stocks are on track for annual gains, as investors priced in interest-rate cuts by the European Central Bank.

Economists polled by Reuters expect the ECB to cut its deposit rate by 25 basis points next week and again in December.

Investors also geared up for third-quarter corporate results, with data compiled by LSEG forecasting a 4.6% increase from a year ago.

Among other stock movers, Vistry plunged 24.3% after the British homebuilder cut its fiscal 2024 profit outlook, hurt by increased build costs in one of its divisions.

Imperial Brands rose 4% after the maker of Winston cigarettes forecast a growth of 20% to 30% in fiscal 2024 revenue from next-generation products and announced shareholder returns of 2.8 billion pounds ($3.66 billion). (Reporting by Sruthi Shankar and Johann M Cherian in Bengaluru and Paolo Laudani in Gdansk; Editing by Sherry Jacob-Phillips and Rod Nickel)

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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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