European Luxury Stocks Rise After U.S.-Iran Cease-Fire -- Market Talk

Dow Jones04-08

0731 GMT - Shares in European luxury groups trade higher following a U.S.-Iran cease-fire deal. The war poses another threat to the industry, which is already contending with lower demand and difficult market conditions in the key Chinese market. The conflict in the Middle East causes disruption of tourism flows, which account for a significant part of luxury goods sales. LVMH, the owner of brands such as Louis Vuitton and Dior that is considered a bellwether for the industry, is up 6.7%. Shares in French peers Hermes and Kering climb more than 6.5%, while EssilorLuxottica, Burberry and Moncler also trade higher. Meanwhile, Italian companies Brunello Cucinelli and Salvatore Ferragamo jump 6.6% and 4.4%, respectively. Switzerland's Richemont and Swatch rise more than 6%. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

April 08, 2026 03:31 ET (07:31 GMT)

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