European Shares Rise as LVMH Boosts Luxury Stocks -- Market Talk
January 30 2019 - 6:24AM
Dow Jones News
1054 GMT - The Stoxx Europe 600 rises 0.06%, or 0.21 points to
357.44 as gains for luxury fashion stocks offset losses for Lonza
Group. LVMH Moet Hennessy Louis Vuitton rises 6% after what
brokerage Bryan Garnier described as solid 2018 results. Moncler,
Christian Dior, Kering and Hermes International all rise in
sympathy. European engineering consultancy Alten tops the
pan-European risers, up 7.1% after reporting higher fourth-quarter
revenue. Still, Lonza Group drops 6.5% after the Swiss chemical and
biotech company reported downbeat 2019 guidance and said its chief
executive was retiring.(philip.waller@wsj.com)
(END) Dow Jones Newswires
January 30, 2019 06:09 ET (11:09 GMT)
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