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Europe's STOXX 600 rises on tech rebound, set for weekly gains

UPDATE 1-Europe's STOXX 600 rises on tech rebound, set for weekly gains For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Luxury stocks boost France's CAC 40 Elisa slumps on unexpected Q3 revenue fall Intrum seeks US bankruptcy protection STOXX 600 up 0.3% Updated at 0840 GMT By Paolo Laudani and Ankika Biswas Oct 18 (Reuters) - Europe's STOXX 600 climbed on Friday, as tech stocks made a strong comeback at the end of a bumpy week, while th
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French luxury stocks top CAC 40 as market makes most of dip created by LVMH's miss

BUZZ-French luxury stocks top CAC 40 as market makes most of dip created by LVMH's miss ** Shares in French luxury stocks lead gains on France's CAC 40 .FCHI blue-chip index ** Shares in Kering PRTP.PA jump 4.4% and LVMH LVMH.PA rise more than 3%, while Hermes HRMS.PA is up 1.8% ** Bernstein analysts Luca Solca says LVMH's Q3 miss from Tuesday has
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European tech, luxury stocks tumble as ASML, LVMH results disappoint

UPDATE 2-European tech, luxury stocks tumble as ASML, LVMH results disappoint For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. France's CAC 40 underperforms peers on luxury drag Adidas drops amid broader selloff despite third 2024 outlook Spain's IBEX closes at highest since January 2010 ECB's interest rate decision due on Thursday Updated at 1600 GMT By Paolo Laudani, Ankika Biswas and Johann M Cherian Oct 16 (Reuters) - Europe's STOXX
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Luxury’s China wobble will accelerate M&A

BREAKINGVIEWS-Luxury’s China wobble will accelerate M&A The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Yawen Chen LONDON, Oct 16 (Reuters Breakingviews) - The luxury sector is headed for a new wave of M&A. On Wednesday, shares in $330 billion giant LVMH LVMH.PA fell 7% after it revealed the bleak state of consumer spending in China.
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LVMH shares hit by weak Q3 sales, dragging down luxury sector

UPDATE 2-LVMH shares hit by weak Q3 sales, dragging down luxury sector LVMH Q3 organic sales drop for first time since pandemic Fashion and leather goods business struggles in China Shares fall as much as 7%, erasing recent gains Adds further details from paragraph 6 PARIS, Oct 16 (Reuters) - Shares in LVMH LVMH.PA were on course for their biggest one-day drop in a year on Wednesday after the luxury bellwether missed third-quarter sales forecasts, dragging down the broader sector and erasing gai
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European luxury stocks fall as LVMH miss hints to further setbacks

BUZZ-European luxury stocks fall as LVMH miss hints to further setbacks ** Shares in European luxury names fall after heavyweight LVMH LVMH.PA reported weaker than expected Q3 sales ** "LVMH Q3 trading update failed to reassure, suggesting that trends are actually softer than feared," J.P.Morgan says ** JPM points to a "material" slowdown at LVMH's
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LVMH shares slump on weak Q3 sales, hitting luxury sector

LVMH shares slump on weak Q3 sales, hitting luxury sector PARIS, Oct 16 (Reuters) - Shares in LVMH LVMH.PA slumped lower on Wednesday, knocking back the broader luxury goods sector, after the French luxury goods giant reported a 3% fall in third-quarter sales . LVMH shares were down around 7 percent in early session trading. Shares in its French rival Kering PRTP.PA , whose brands include Gucci, and Burberry BRBY.L were also dragged down as LVMH slid on the stock market.
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LVMH shares set to slump on weak Q3 sales

LVMH shares set to slump on weak Q3 sales PARIS, Oct 16 (Reuters) - Shares in LVMH LVMH.PA were set to slump lower on Wednesday, knocking back the broader luxury goods sector, after the French luxury goods giant reported a 3% fall in third-quarter sales . LVMH shares were marked down by 5.1 percent on Tradegate, just before the formal start of stock market trading in Europe.
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Oct 15 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. AUTOS Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5% in September, as China surpassed its record numbers recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday.
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Hermes shoppers try again in Birkin bag antitrust lawsuit

Hermes shoppers try again in Birkin bag antitrust lawsuit By Mike Scarcella Oct 14 (Reuters) - U.S. consumers suing French luxury house Hermes have revised their lawsuit once again, hoping to persuade a skeptical judge that the company is forcing buyers to spend thousands of dollars on other products before they can purchase one of its famed Birkin bags.
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World shares stuck, oil tumbles as China stimulus plan too vague for investors

GLOBAL MARKETS-World shares stuck, oil tumbles as China stimulus plan too vague for investors China's stimulus announcement fails to inspire investors Q3 earnings, ECB in focus Oil prices down over 2.5% Updates prices, news throughout By Dhara Ranasinghe and Alun John LONDON, Oct 14 (Reuters) - Stock markets held below last month's record highs on Monday, while the Chinese yuan and oil prices weakened as China's broad economic stimulus promises at the weekend failed to inspire investors across t
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China doubts as economy struggles, US bonds closed

MORNING BID AMERICAS-China doubts as economy struggles, US bonds closed A look at the day ahead in U.S. and global markets from Mike Dolan With U.S. Treasury markets closed on Monday, Wall Street stocks are set to cruise on higher into the unfolding corporate earnings season - but may first have to take early direction from China's weekend stimulus update.
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Luxury stocks down on China's new fiscal measures

BUZZ-Luxury stocks down on China's new fiscal measures ** Shares in European luxury companies slip after China announced more fiscal stimulus, but left out key details on its size ** "The market expected more direct support for consumer spend," Bernstein analyst Luca Solca says ** Kering PRTP.PA falls 3.6%, LVMH LVMH.PA is down 2.9% while Hermes HR
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STOXX 600 ends at two-week high with eyes on earnings, ECB decision

UPDATE 2-STOXX 600 ends at two-week high with eyes on earnings, ECB decision For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Luxury stocks hit by China stimulus update ECB set to cut rates on Thursday Entain, Flutter tumble on tax hike fears Tetragon jumps after report on possible Equitix sale Updated at 1650 GMT By Paolo Laudani, Sruthi Shankar and Johann M Cherian Oct 14 (Reuters) - European stocks ended Monday's choppy session at a t
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LVMH investors jittery over anaemic China demand for European designer goods

PREVIEW-LVMH investors jittery over anaemic China demand for European designer goods By Mimosa Spencer PARIS, Oct 14 (Reuters) - Investors in French luxury group LVMH LVMH.PA are eager for signs that China's new fiscal stimulus measures can finally pull wealthy and middle-class Chinese shoppers out of their funk, inspiring them to splash out on $4,300 designer leather handbags ahead of Singles Day , China's largest annual shopping spree.
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Luxury goods unlikely to be next target of China's EU trade retaliation, analysts say

CORRECTED-Luxury goods unlikely to be next target of China's EU trade retaliation, analysts say Corrects analyst estimate of size of China market to 25% of global total from 35% in paragraph 9. By Casey Hall SHANGHAI, Oct 9 (Reuters) - European luxury shares have slid on investor concerns that Hermes handbags and Dior slingbacks may be Beijing's next targets for retaliation, following the EU's decision to slap tariffs on China EVs, but analysts say such a move is unlikely.
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Imperial Brands, Kingfisher, Nestle SA

EUROPE RESEARCH ROUNDUP-Imperial Brands, Kingfisher, Nestle SA Oct 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Imperial Brands , Kingfisher and Nestle SA, on Wednesday. HIGHLIGHTS * Aixtron AIXGn.DE : Deutsche Bank cuts to hold from buy * ING INGA.AS : Deutsche Bank cuts to hold from buy * Imperial Brands IMB.L : JP Morgan raises target price to 2,600p from 2,250p * Kingfisher KGF.L : HSBC raises target price to 360p from 305
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China's brandy duties depress shares of makers of spirits, luxury and cars

UPDATE 2-China's brandy duties depress shares of makers of spirits, luxury and cars Recasts with more sectors impacted, updates shares, adds comments on cars sector By Leo Marchandon and Ozan Ergenay Oct 8 (Reuters) - China's provisional anti-dumping duties on brandy imports from the European Union (EU) depressed spirit makers' shares on Tuesday with knock-on effects for luxury and auto brands as concern grew Beijing could extend its trade measures.
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European stocks eke out small gains, Orsted shines

UPDATE 2-European stocks eke out small gains, Orsted shines For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. ECB seen cutting rates again in Oct Luxury stocks rise on China optimism German economy to contract in 2024, econ ministry says STOXX closes up 0.1% Updated at 1615 GMT By Sruthi Shankar, Paolo Laudani and Johann M Cherian Oct 7 (Reuters) - European stocks eked out marginal gains on Monday, with Orsted topping the STOXX index as
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Time to go idiosyncratic on luxury - BofA

LIVE MARKETS-Time to go idiosyncratic on luxury - BofA STOXX 600 down 0.2% Oil stocks rally, Brent up $2 Airlines fall, defence rises Wall Street futures down Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com TIME TO GO IDIOSYNCRATIC ON LUXURY - BofA Luxury names have rallied across the board on hopes for China stimulus, but it's time to start getting more specific, at least accord
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