Earnings outlook weakens for French and German stocks amid valuation strains and soft sector momentum:
European macro headlines:
LVMH reiterates it had never misappropriated shares of Hermes heir Nicolas Puech when it built up a stake in its rival -- Reuters (€630.30, 0.00)
L'Oreal to definitely look at investment in Armani and will start working on it very soon - Reuters, citing CFO (€377.95, 0.00)
EssilorLuxottica willing to serve as cornerstone investor in Giorgio Armani - Il Sole 24 Ore (€306.00, 0.00)
StreetAccount European Reads
LVMH Moet Hennessy Louis Vuitton announces investment in Citizen Watch's subsidiary Manufacture La Joux-Perret S.A. (€632.90, 0.00)
StreetAccount Macro Headlines:
StreetAccount M&A Summary: Week of 3-Nov
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