French luxury goods group LVMH's deal to buy U.S. jewelry firm Tiffany boos...
All the major European subsectors were trading higher, led by trade-sensitive miners .SXPP, which hit a two-week high after a report that China and the United States were “very close” to an initial trade agreement.
“A ‘phase one’ deal is now priced into markets; there isn’t much upside that will come from that unless they announce something like a complete rollback of the tariffs imposed that doesn’t really seem likely,” said Simona Gambarini, markets economist at Capital Economics. A reading of the German IFO business climate index rose slightly in November from the previous month, but indicated that manufacturing in Europe’s powerhouse was still stuck in a recession.
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LVMH reportedly nears deal to acquire Tiffany for $16.3 billion - Business InsiderSources familiar with the matter told Reuters that a deal between LVMH and Tiffany could be announced on Sunday or Monday.
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France's LVMH close to buying Tiffany after sweetening offer: sourcesFrance's LVMH nears deal to buy U.S. jewelry chain Tiffany for about $16.3 billion: sources
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LVMH reaches deal to acquire Tiffany for $16.3 billionThe boards of the luxury firms have been discussing a potential deal since last month, and will meet on Sunday to approve a final plan.
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LVMH Nears Deal to Acquire Tiffany for $16.3 BillionLVMH Moët Hennessy Louis Vuitton is nearing a deal to buy famed jeweler Tiffany & Co. for more than $16 billion, according to people familiar with the matter.
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