Prada talks, luxury peers tremble

Luxury star Prada fell short of the consensus estimate of analysts with its Q3 profit. The report from the Italian firm could be a sector warning with Prada's results in China showing some signs of deceleration.

A stronger euro against the yen was also a bottom line drag for the company.

Execs with Prada said 'softening consumption patterns" in some key regions could continue to weigh on results.

On watch: Louis Vuitton (LVMUY), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Gucci Group (GUCG), Swatch (SWGAY), Burberry (BURBY), Estee Lauder (EL), Hermes (HESAF), Richemont (CFRUY).

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