0903 GMT - LVMH could continue to face weak demand in the last three months of the year, following an underwhelming third quarter, Jefferies analysts say. The French luxury conglomerate said third-quarter sales fell 5% on year at its main fashion and leather goods division, as a slowdown in Chinese demand hurt the segment's performance. There is growing evidence of a muted rebound to come in the last three months of the year, the analysts write in a research note. Slowing demand trends seen in the third quarter are likely to have persisted into the past five weeks, Jefferies says. "We remain cautious on the broader luxury outlook," they add. Shares are down 2.6%.
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