European shares fall as Richemont takes shine off luxury stocks

viernes 6 de noviembre de 2015 04:57 GYT
 

* Richemont falls after warning of challenging H2

* Swatch, LVMH also dragged lower

* Syngenta rises on reports of possible DuPont deal

* U.S. jobs data due at 1330 GMT

By Sudip Kar-Gupta

LONDON, Nov 6 (Reuters) - European stock markets fell on Friday, with luxury goods stocks among the worst performers after Richemont warned of tough times ahead.

Shares in Swiss agriculture company Syngenta rose more than 3 percent after media reports of a possible deal with DuPont.

The pan-European FTSEurofirst 300 index was down by 0.4 percent in early session trading, while the euro zone's blue-chip Euro STOXX 50 index fell 0.4 percent. Germany's DAX declined 0.1 percent.

Richemont fell 7 percent after the owner of the Cartier brand warned of a challenging second half after first-half net profits grew less than expected, as strong demand for high-end jewellery could not make up for weaker luxury watch sales in Hong Kong.   Continuación...