Shares in European Luxury Companies Jump After U.S.-Iran Deal -- Market Talk

Dow Jones06-15

0741 GMT - European luxury stocks gain after Iran and the U.S. agreed on an interim deal to end a war that hit companies in the sector. Sector pacesetter LVMH, which owns Louis Vuitton and Dior, is up around 4.5%, while shares in Gucci-owner Kering jump around 3.2%. Hermes trades 5% higher, while Italian peers Brunello Cucinelli and Salvatore Ferragamo rise 3% and 2.6%, respectively. Swiss luxury groups Richemont and Swatch climb around 3%. Moncler, Prada and Burberry also record gains. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

June 15, 2026 03:42 ET (07:42 GMT)

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