European luxury stocks fall as LVMH miss hints to further setbacks
** Shares in European luxury names fall after heavyweightLVMH 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 fashion and leather goods division of -5% vs +1% in Q2 and around flat market expectations
** Management comments dampen hopes of a potential boost to Chinese demand from the recent stimulus, Jefferies adds
** LVMH slumps 6%, Gucci ownerKering PRTP.PAis down 5%, Birkin bag makerHermes HRMS.PA slips 3%
** Cartier ownerRichemont CFR.S, which JPM says might be the biggest read to LVMH, is down 2%;Swatch Group UHR.S is down 3% while Burberry BRBY.L moves 2% lower
** Italy's Ferragamo SFER.MI, which alsoreported a fall in Q3 revenue, is down 3.9%,Moncler MONC.MI slips 3.8%
Luxury stocks remain volatile on China concerns https://tmsnrt.rs/4h7WbVs
Reporting by Alban Kacher
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