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Luxury stocks spike on proposed U.S.-Iran peace deal; LVMH up 5%
Luxury stocks rose following a proposed U.S.-Iran peace deal, with LVMH shares increasing 5%. The sector had previously suffered due to the Iran war, as the Middle East was a key growth market for luxury goods.
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Adjacent reporting
- Global stocks rise after Trump hints at Iran war deal
- Asian stocks mostly higher and oil gains ahead of planned U.S.-Iran peace talks
- Stock market hits new heights amid optimism about Iran war resolution
- Dow soars nearly 900 points as Wall Street bets on Iran peace deal
- Wall Street Risk Rally Powers Past War Stalemate
- Oil prices fall amid mixed signals on US-Iran peace deal