REGISTER: Hear how Fulcrum Metals (FMET) is board restructuring to support its strategic focus on Canada. Find out at the focusIR Feb Investor Webinar. Sign up here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksLVMH Share News (MC.PA)

Share Price Information for LVMH (MC.PA)

Euronext Paris
Share Price is delayed by 15 minutes
Get Live Data
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 -
  • This share is an international stock.

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Miners, luxury sector weigh on Europe's STOXX 600

Tue, 08th Oct 2024 17:34

China sparks global risk-off mood

*

Spirits makers hit by anti-dumping measures

*

Vistry plunges as co slashes profit outlook

*

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)

More News
12 Apr 2023 17:19

Europe's blue-chip index hits 22-year high, U.S. inflation eases

STOXX 50 hits 22-year high

*

Read more
6 Apr 2023 13:02

Luxury market: what are Chinese buyers purchasing?

German industrial production rises more than expected

*

Read more
15 Mar 2023 17:15

European shares clock worst day in a year, Credit Suisse hits new record low

Banks log worst day in over a year

*

Read more
7 Mar 2023 17:16

European shares dip after Powell's hawkish remarks fuel rate hike fears

Powell: Need to raise rates and possibly go faster

*

Read more
6 Mar 2023 17:56

European shares wipe gains on hawkish remarks from ECB officials

Euro zone Jan retail sales rebound lower than expected

*

Read more
3 Mar 2023 17:17

European shares lifted by miners' best week in nearly two years

Euro zone recovery gathers pace - survey

*

Read more
24 Feb 2023 11:00

European thirst for tequila aggravates agave crunch

LONDON/MEXICO CITY, Feb 24 (Reuters) - He can't pour tequila fast enough. Premium shots. Margaritas. Palomas. The occasional sunrise.

Read more
16 Feb 2023 17:44

French stocks scale record highs to lift pan-European index

STOXX 600 up 0.2%

*

Read more
16 Feb 2023 13:30

Stocks rise as data tempers recession worries

Fed funds futures price U.S. rates higher for longer

*

Read more
15 Feb 2023 17:35

France's blue-chip index powers gains in European shares

STOXX 600 ends up 0.4%

*

Read more
13 Feb 2023 11:07

Love in a time of inflation: how much will Valentine's Day set you back?

LONDON, Feb 13 (Reuters) - This Valentine's Day is set to look different after a year of record food inflation that has sent up prices of everything from flowers to chocolates and dining in restaurants.

Read more
13 Feb 2023 06:00

Love in a time of inflation: how much will Valentine's Day set you back?

LONDON, Feb 13 (Reuters) - This Valentine's Day is set to look different after a year of record food inflation that has sent up prices of everything from flowers to chocolates and dining in restaurants.

Read more
7 Feb 2023 12:41

The stocks with significant upside - BofA

STOXX 600 up 0.2%

*

Read more
6 Feb 2023 17:08

European shares fall as strong U.S. data stokes rate hike jitters

STOXX 600 off 0.8%

*

Read more
31 Jan 2023 07:00

Europe's luxury stocks have room to rise, but becoming costly

LONDON, Jan 31 (Reuters) - Europe's glittering luxury companies, the region's top stock-market performers in 2023, may see yet more gains driven by a rebound in Chinese spending, but for some the sector is starting to look expensive.

Read more

Track Your Investments

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.