European shares rise helped by miners, banks; LVMH hit by sales miss

martes 12 de abril de 2016 06:02 GYT
 

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). Adds details, updates prices)

* Pan-European index up 0.3 percent

* Disappointing LVMH update weighs on sector after

* Miners lead gainers on firmer copper prices

* Italian banks rise but rally loses momentum

By Sudip Kar-Gupta

LONDON, April 12 (Reuters) - European shares edged higher on Tuesday, helped by gains among miners and banking stocks, but luxury good companies were among the worst performers after a disappointing update at LVMH.

The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index were up 0.3 percent and 0.5 percent respectively by 0954 GMT.

LVMH fell 2 percent after the luxury goods industry leader posted first-quarter sales below forecasts as tourist shopping in key markets such as France and Hong Kong remained low.   Continuación...