Luxury stocks poised for ‘sharp reversal’ if Middle East conflict subsides: Deutsche
A recovery in European luxury stocks has been upended by the Iran war, but they could see a “sharp reversal” if the geopolitical situation improves, Deutsche Bank said on Wednesday. Shares of major players like LVMH , Kering , Richemont and Hermes are down between 10% and 20% since the first attacks on Iran on…