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Europe stocks mixed after best day in 11 months with eyes on U.S. inflation; LVMH down 7%

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European stock markets opened Wednesday lower after clocking their best one-day performance in nearly a year.

Luxury stocks were pulled lower after industry bellweather LVMH reported a slowdown in revenue growth in the third quarter and first nine months of the year, and as its CFO said performance was likely to

normalize. Christian Dior , which like LVMH is helmed by French billionaire Bernard Arnault, fell 5%. Switzerland's Richemont dropped 4.2% as Burberry , Hugo Boss , Hermes and Kering all traded lower. — Jenni Reid

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