|Day Low/High||36.47 / 36.64|
|52 Wk Low/High||28.64 / 37.83|
LVMH (LVMUY) is saying 'no thank you' to selling its luxury products on e-commerce giant Amazon.com (AMZN).
With U.S. stocks sliding for the third straight day, European shares gave back early gains to close in the red.
Rebounding consumer confidence and steady retail sales growth lift consumer discretionary stocks in London.
Revenue grows at 6% on an organic basis, bucking the trend among European luxury firms.
LVMH props up luxury goods makers and sees shares rise more than 4%.
The luggage maker, known for the distinctive parallel grooves on its products, had revenue last year of more than $447 million.
The French group will post growth of more than 10% despite a stalled luxury market, the analysts say.
German Dax leads the board with 0.4% gain.
Monte dei Paschi falls in Milan after the unexpected resignation of its CEO.
South Korea's Kopsi loses 1.2% as geopolitical tension rises with a North Korean nuclear test.
Luxury goods makers LVMH and Kering, and retailers Marks & Spencer and Sainsbury rise.
More investors think luxury retailer is undervalued, Credit Suisse analysts say.
The E.U.'s statistics arm confirms second-quarter eurozone growth halved to 0.3%.
First-half profit is in line with expectations, while sales grow more than expected in the same period.
LVMH Moet Hennessy Louis Vuitton (LVMUY) reported year-over-year revenue growth for the fiscal 2016 second quarter.
LVMH (LVMUY) stock is slipping in pre-market trading on Monday after the company announced it would be selling DKNY to G-III (GIII) for $650 million.
The Dax is volatile after a string of attacks over the weekend.
The sale marks a rare retreat for LVMH which had struggled to grow sales of apparel brands DKNY and Donna Karan.
The initiative is one of a raft of turnaround measures announced by outgoing CEO Bailey in May.
Concerns over the near term persist, with still a year to go before a CEO change.
Christopher Bailey cedes his CEO role, gaining the president title alongside his role as chief creative officer.
Shell pulls up the FTSE 100 on new cost-cutting plans.
Trading volumes were low in runup to U.K. holiday weekend.
A mining recovery helps push the FTSE 100 higher, while the Dax rises after more weak price data.
The maker of Jack Daniels pays $415 million for the producer of three single-malt brands.
If China allows the yuan to weaken, as it's doing now, that helps manufacturers maximize profits from exports. But a weaker currency makes the cratering stock market even less attractive.