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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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European stocks flat as China stimulus update underwhelms

UPDATE 1-European stocks flat as China stimulus update underwhelms Luxury stocks hit by China update ECB set to cut rates on Thursday Entain, Flutter tumble on tax hike fears Updated at 0832 GMT By Paolo Laudani and Sruthi Shankar Oct 14 (Reuters) - European stocks were little changed on Monday after China's stimulus plans failed to inspire confidence among investors, who focussed on the earnings season and the European Central Bank's (ECB) policy meeting later this week.
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European shares mostly higher, UK gambling names tumble

LIVE MARKETS-European shares mostly higher, UK gambling names tumble STOXX 600 up 0.2% Aerospace and Defense leads UK gambling names fall Wall St futures steady 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 EUROPEAN SHARES MOSTLY HIGHER, UK GAMBLING NAMES TUMBLE Major European bourses are edging higher on Monday as investors looked ahead to key events this week, including the E
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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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Giorgio Armani, 90, says he plans to retire within 'two or three years'

Giorgio Armani, 90, says he plans to retire within 'two or three years' ROME, Oct 13 (Reuters) - Giorgio Armani, the founder of the eponymous Italian fashion brand, said in an interview published on Sunday that he plans to retire within the next two or three years. Armani is 90 years old and has so far been tight-lipped about the succession plans for the company he founded in 1975 and still firmly controls.
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In France's Cognac, Beijing and Brussels' EV spat spells disaster

In France's Cognac, Beijing and Brussels' EV spat spells disaster China's anti-dumping measures hit French brandy Cognac producers fear industry sacrificed for Europe car sector EU-China tariff dispute is double-whammy for EV dealership in Cognac By Sybille de La Hamaide COGNAC, France, Oct 11 (Reuters) - In this grape-growing region of western France, where brandy producers are fretting over the fallout from a trade dispute between the European Union and China, Christophe Bouetard is more worri
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Richemont exits online hell, but heaven is way off

BREAKINGVIEWS-Richemont exits online hell, but heaven is way off The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Karen Kwok LONDON, Oct 9 (Reuters Breakingviews) - Johann Rupert has finally found a way to cut his losses. The Richemont CFR.S boss on Monday said he was selling online luxury platform Yoox Net-A-Porter (YNAP) to German player Mytheresa, in exchange for a 33% stake in the buyer.
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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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Kering edges up on Gucci CEO appointment

BUZZ-Kering edges up on Gucci CEO appointment ** Shares in Kering PRTP.PA rise 1.7% after the French luxury goods company appointed Stefano Cantino as the CEO of its flagship Gucci brand ** Cantino will succeed Jean-François Palus as of Jan. 1, 2025 ** RBC says the appointment of "luxury veteran" Cantino is positive for Gucci, though it adds it sh
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Oct 9 (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. KERING PRTP.PA : Kering announced the appointment of Stefano Cantino as CEO of Gucci. Pan-European market data: European Equities speed guide...................
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Financial Times - Oct 9

PRESS DIGEST-Financial Times - Oct 9 Oct 9 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Abu Dhabi writes off 9.9% stake in Thames Water - ENRC drops media leaks lawsuit as SFO escapes paying damages - Activist Elliott says its long-term view on Anglo American is 'very much intact' - Europastry's 'frozen croissant' IPO delayed a second time - Kering names former Louis Vuitton executi
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French luxury company Kering names Stefano Cantino as Gucci CEO

UPDATE 2-French luxury company Kering names Stefano Cantino as Gucci CEO Adds detail throughout PARIS, Oct 8 (Reuters) - French luxury goods company Kering PRTP.PA has named Stefano Cantino as CEO of its star label Gucci, firming up management of the Italian fashion house it has been seeking to revive, and adding he would succeed Jean-Francois Palus in January.
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Kering: Stefano Cantino Appointed CEO Of Gucci

BRIEF-Kering: Stefano Cantino Appointed CEO Of Gucci Oct 8 (Reuters) - Kering SA PRTP.PA : STEFANO CANTINO APPOINTED CEO OF GUCCI, SUCCEEDING JEAN-FRANÇOIS PALUS STEFANO CANTINO AND GUCCI TEAM WILL SUCCEED IN MISSION TO TAKE GUCCI BACK TO LEADERSHIP BRAND DESERVES STEFANO CANTINO WILL SUCCEED JEAN-FRANÇOIS PALUS AS OF JANUARY 1, 2025 Source text
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French luxury goods company Kering names Stefano Cantino as CEO of Gucci

French luxury goods company Kering names Stefano Cantino as CEO of Gucci PARIS, Oct 8 (Reuters) - French luxury goods company Kering PRTP.PA named Stefano Cantino as CEO of Gucci, with Cantino succeeding Jean-Francois Palus next January. "I am confident that, building on what has been set up over the past 15 months, Stefano and the Gucci team will succeed in the mission to take Gucci back to the leadership the brand deserves," said Kering deputy CEO Francesca Bellettini.
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China’s EU reply cuts odds of damaging tit-for-tat

BREAKINGVIEWS-China’s EU reply cuts odds of damaging tit-for-tat The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Yawen Chen LONDON, Oct 8 (Reuters Breakingviews) - Judging from China’s reaction to Europe’s electric-vehicle (EV) tariffs, Beijing’s trade bureaucrats haven’t fully gotten going yet after last week’s National Holiday.
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Pandora raises as limited China exposure supports outperformance

BUZZ-Pandora raises as limited China exposure supports outperformance ** Shares of Danish jewellery maker Pandora PNDORA.CO rise more than 2%, bucking the trend of luxury peers amid broader market selloff ** "Investors are likely turning to Pandora as it has significantly lower sales exposure to China compared to peers," says DNB analyst Jesper Ing
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Miners, luxury sector weigh on Europe's STOXX 600

UPDATE 2-Miners, luxury sector weigh on Europe's STOXX 600 For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. China sparks global risk-off mood Spirits makers hit by anti-dumping measures Vistry plunges as co slashes profit outlook STOXX 600 drops 0.5% Updated at 1552 GMT By Sruthi Shankar, Paolo Laudani and Johann M Cherian Oct 8 (Reuters) - European stocks settled lower on Tuesday, as a lack of fresh details over China's stimulus measure
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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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