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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: 716.80
Bid: 716.70
Ask: 716.80
Change: 9.60 (1.358%)
Spread: 0.10 (0.014%)
Open: 720.00
High: 723.00
Low: 711.10
Prev. Close: 707.20
MC.PA Live PriceLast checked at -
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STOXX 600 ends at two-week high with eyes on earnings, ECB decision

Mon, 14th Oct 2024 17:22

Luxury stocks hit by China stimulus update

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ECB set to cut rates on Thursday

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Entain, Flutter tumble on tax hike fears

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Tetragon jumps after report on possible Equitix sale

Oct 14 (Reuters) - European stocks ended Monday's choppy session at a two-week high ahead of corporate earnings and a European Central Bank policy decision later this week, while some caution prevailed after China's weekend stimulus promises underwhelmed.

The continent-wide STOXX 600 index closed 0.48% higher, with tech, defence stocks and utilities up over 1.2% each.

France's main index underperformed other major markets. Credit ratings agency Fitch revised the country's outlook to "negative" from "stable" on Friday.

The ECB is expected to deliver another interest rate cut on Thursday after recent data signalled the euro zone economy was in worse shape than when policymakers last met.

Traders are pricing in a near 100% chance of a 25 bps rate cut this week, up from as low as 20% when the ECB met last month. Money markets have also moved to almost fully price in another such move in December.

Current indicators point to continued weakness in the German economy in the third quarter, the economy ministry said in its monthly report. The federal statistics office is scheduled to release preliminary data for Q3 GDP at the end of this month.

"While (the ECB) will likely not scrap its meeting-by-meeting approach, a probable higher emphasis on the growth risks and less concerns about inflation risks should support expectations of gradual rate cuts at the forthcoming meetings," said Martin Wolburg, senior economist at Generali Asset Management.

The STOXX index is less than 1% away from an all-time high, reflecting investors' confidence that lower borrowing costs will help revive the economy.

Globally, the focus was firmly on China where the government on Saturday pledged to significantly increase debt, but left investors guessing on the overall size of the stimulus.

LVMH, Hermes, Kering and other French luxury stocks exposed to China fell between 0.4% and 3.8%.

Some of the biggest European companies including LVMH and ASML are due to report results in the coming week, kicking off earnings season on the continent.

Analysts expect profit for STOXX 600 companies to grow 4.6% in the third-quarter, as per LSEG IBES data, although earnings estimates have been falling considerably since the start of September.

British betting companies Flutter, Entain and Evoke slid between 6% and 14% after a media report said the UK government is considering doubling taxes on online casinos and bookmakers.

Defence group Leonardo said it will finalise a joint venture with Germany's Rheinmetall, sending their stocks up 3.2% and 2.2% respectively. The stocks topped their respective Italian and German bourses.

Tetragon Financial surged 11% after Reuters reported that it is looking at options for Equitix, including a possible sale. (Reporting by Paolo Laudani in Gdansk, Sruthi Shankar and Johann M Cherian in Bengaluru; Editing by Savio D'Souza, Mrigank Dhaniwala and Christina Fincher)

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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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