European Luxury Stocks Jump After Trump's Comments on Middle East War -- Market Talk

Dow Jones03-23

1137 GMT - Shares in European luxury companies climb following President Trump's latest comments regarding the war in the Middle East. Trump posted on Truth Social that the U.S. and Iran have had "very good and productive conversations regarding a complete and total resolution" of hostilities in the region. Trump has instructed to postpone military strikes against Iranian power plants and energy infrastructure for five days, pending the success of discussions. Sector bellwether LVMH is up 3.2%, while peers Kering and Hermes trade 5% and 2.4% higher, respectively. Richemont's shares rise more than 5%. Brunello Cucinelli, Burberry and Salvatore Ferragamo jump more than 3%. Danish jeweler Pandora is up 12%, while EssilorLuxottica and Swatch Group climb more than 2%. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

March 23, 2026 07:37 ET (11:37 GMT)

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