REGISTER: Hear how Blencowe Resources (BRES) plans to develop a World Class graphite Project. 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: 715.90
Bid: 715.90
Ask: 716.00
Change: 8.70 (1.23%)
Spread: 0.10 (0.014%)
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

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

Wed, 16th Oct 2024 16:43

Morgan Stanley beats estimates, stock touch record high

*

Grim ASML outlook hits chip stocks

*

Crude extends its slide

NEW YORK, Oct 16 (Reuters) - U.S. stocks were mixed on Wednesday and gold gained strength as bank earnings continued to beat expectations while fears of softening global demand weakened megacap growth stocks and quelled investor risk appetite.

The S&P 500's gains appeared to be held in check by underperforming megacap growth stocks, which pulled the Nasdaq into negative territory.

The blue-chip Dow, powered by financial shares, was modestly higher.

"Cyclicals and economically sensitive stocks have been outperforming," said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky. "I think the market believes a soft landing is being achieved and that the odds of reacceleration in growth are higher than the odds of recession.

Large banking firms have reported a string of upbeat earnings. Most recently, Morgan Stanley reported consensus-beating quarterly profit, sending its shares to a record high.

On Tuesday, chip equipment maker ASML forecast weaker than expected 2025 sales, prompting demand concerns.

"Bank results have been good, but the update from ASML and I think have led to a bit of a sell-off in AI (artificial intelligence)-adjacent space," Mayfield added.

The Dow Jones Industrial Average rose 197.71 points, or 0.46%, to 42,938.13. The S&P 500 climbed 5.23 points, or 0.09%, to 5,820.35 and the Nasdaq Composite fell 16.59 points, or 0.09%, to 18,299.00.

European stocks were modestly lower in the wake of disappointing results from ASML and luxury goods maker LVMH weighed on sentiment as investors remained cautious ahead of the European Central Bank's (ECB) policy decision on Thursday.

MSCI's gauge of stocks across the globe fell 0.98 points, or 0.12%, to 850.27.

The STOXX 600 index fell 0.09%, while Europe's broad FTSEurofirst 300 index fell 2.43 points, or 0.12%

Emerging market stocks fell 5.88 points, or 0.51%, to 1,143.85.

Benchmark U.S. Treasury yields eased as financial markets cemented their bets for a smaller interest rate cut from the Federal Reserve at the conclusion of next month's policy meeting.

The yield on benchmark U.S. 10-year notes fell 3 basis points to 4.008%, from 4.038% late on Tuesday.

The 30-year bond yield fell 3.5 basis points to 4.2926% from 4.328% late on Tuesday.

The 2-year note yield, which typically moves in step with interest rate expectations, fell 2.3 basis points to 3.933%, from 3.956% late on Tuesday.

The dollar posted a modest gain against a basket of world currencies as softer-than-expected British inflation data gave the Bank of England wiggle room to cut rates, sending the sterling lower, while the euro hit a 10-week low ahead of the ECB meeting.

The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.14% to 103.40, with the euro down 0.09% at $1.088.

Against the Japanese yen, the dollar strengthened 0.27% to 149.59.

Oil prices dipped as expectations for ample supply offset simmering Middle East tensions, while OPEC and the International Energy Agency tempered their global demand forecasts for 2024 and 2025.

U.S. crude fell 0.18% to $70.45 a barrel and Brent fell to $74.20 per barrel, down 0.05% on the day.

Gold prices extended recent gains, boosted by languid stocks and weaker bond yields.

Spot gold rose 0.4% to $2,671.75 an ounce.

More News
5 Feb 2025 10:38

Motor racing-Moet & Chandon puts champagne back on the F1 podium

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.

Read more
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

*

Read more
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.

Read more
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)

Read more
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

*

Read more
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.

Read more
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%

*

Read more
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%

*

Read more
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.

Read more
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.

Read more
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

*

Read more
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

*

Read more
24 Jan 2025 10:12

Burberry turnaround hopes boosted by US holiday shoppers

Q3 sales down 4% vs expected 12% decline

*

Read more
16 Oct 2024 17:41

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

France's CAC 40 underperforms peers on luxury drag

*

Read more

Free Investment Tools

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.