Burberry drops to STOXX 600 bottom on CEO exit, profit warning
ECB President Christine Lagarde to speak later in the day
STOXX 600 down 0.1

July 15 Reuters European shares moved lower on Monday after a raft of dour updates from companies made investors, already jittery from the assassination attempt on U.S. presidential candidate Donald Trump, more cautious.

The continentwide STOXX 600 was down 0.1 as of 0844 GMT, snapping a threesession win streak.

Leading losses were shares of Burberry, down 15.1 after the British luxury group named former Michael Kors boss Joshua Schulman as its new chief executive, axeing Jonathan Akeroyd after two years as it warned on profit and scrapped its dividend.

Swatch Group fell 10.8 as the world39;s biggest watchmaker reported a steep fall in firsthalf sales and earnings.

Personal and household goods sector, housing both the stocks fell 1 and led sectoral declines.

The luxury sector is also under the negative impact of the number that we got from China, said Ipek Ozkardeskaya, senior market analyst at Swissquote Bank.

The latest numbers were boosted by some kind of base effects where they were compared with weak base. However, moving forward, all that base effect39;s positive impact is going to be waning.

Data showed China39;s economy grew much slower than expected in the second quarter, keeping alive expectations Beijing will need to unleash even more stimulus.

Miners also shed 0.8, tracking lower base metal prices on the…