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المشهد العربي
European luxury stocks gain at week’s close
Luxury goods company stocks in Europe rose at the end of the week, following reports that the United States and Iran are nearing the signing of a memorandum of understanding to halt military operations in the Middle East. This renewed investor confidence pushed shares such as LVMH up by 2.7%, reaching 506.6 euros, and Kering up by 3.7% to 268.95 euros. These gains came as a partial recovery from the losses the sector's stocks had experienced since tensions between Washington and Tehran escalated last February.
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