LVMH Q2 sales rose 3% as US demand softened Iran war hit
What's new: US sales climbed 6%, while Europe was flat and LVMH's shares fell 1.6% in US trading after the results.
Subject
#Lvmh
Luxury stocks jump as US-Iran deal hopes lift LVMH 5%
Why it matters: A draft accord would reopen the Strait of Hormuz and ease oil sanctions, cutting pressure on energy prices and inflation.
CNBC, MarketWatch