European luxury stocks jump after US-China trade respite

Salvatore Ferragamo

12/05/2025 08:35

** Shares in several European luxury stocks jump 3-8% after the U.S. and China agreed a deal to slash reciprocal tariffs and a 90-day pause on current trade measures

** By 0733 GMT, the European sector benchmark index .STXLUXP is up 4.2%, on track for its best day since January 16 if the gains hold

** Ferragamo SFER.MI is up 8%, while  Burberry BRBY.L, Kering PRTP.PA, Swatch UHR.S, Christian Dior DIOR.PA and LVMH LVMH.PA rise more than 6%

** Richemont CFR.S, Moncler MONC.MI, Hermes HRMS.PA and Hugo Boss BOSSn.DE are up 3-6%

 (Reporting by Alessandro Parodi)

 ((Alessandro.Parodi@thomsonreuters.com;))