CAC 40 Edges Lower as Luxury Stocks Weigh
The CAC 40 edged down 0.1% to close at 7,828 on Tuesday as luxury stocks fell following a weaker-than-expected third-quarter performance from LVMH. LVMH slipped 0.1% after reporting softer organic sales, weighed down by subdued demand in China. Hermès dropped 1.9% after UBS cut its price target, while Kering shed 1.4%