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Following the Iran deal, European luxury goods stocks outperformed the broader market, with LVMH rising 4.7%, and Hermès, Ferrari, Dior, Kering, and Cuccinelli all seeing gains ranging from 3.1% to 5.1%.

2026-06-15

Following the Iran deal, European luxury goods stocks outperformed the broader market, with LVMH rising 4.7%, and Hermès, Ferrari, Dior, Kering, and Cuccinelli all seeing gains ranging from 3.1% to 5.1%.

Other News
2026-06-15

A UK government spokesman said legislation on social-media bans will be introduced later this year.

A UK government spokesman said legislation on social-media bans will be introduced later this year.
2026-06-15

Ben May and Bridget Payne at Oxford Economics said the U.S.-Iran agreement reduces the risk that sustained declines in oil inventories would trigger a global energy-price shock and recession, though risks remain. They said the deal does not automatic

Ben May and Bridget Payne at Oxford Economics said the U.S.-Iran agreement reduces the risk that sustained declines in oil inventories would trigger a global energy-price shock and recession, though risks remain. They said the deal does not automatically mean oil flows through the Strait of Hormuz will recover faster than previously assumed — they had expected transit to resume by end-July — and their near‑term oil‑price forecasts still look high. They added that reopening the strait is likely to ease inflation but provide only limited support to growth, reinforcing their view that the Fed and Bank of England will not further hike and that other central banks that have finished tightening are unlikely to resume hikes.
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