{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Closing Price — Luxury Equities & Alternative Asset Signals","title":"European Luxury Surges on the Iran Deal; Gold and Silver Rally; Ferrari and US Names Pull Back","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/f31d2b71\"></iframe>","width":"100%","height":180,"duration":252,"description":"June 12: European Luxury Surges on the Iran Deal; Gold and Silver Rally; US Names Pull Back\nEuropean luxury surged on hopes of a US–Iran peace deal, gold and silver rallied hard, Rolex raised its prices again, and the US-listed names pulled back, capping a whipsaw week.\nALT/FNDATA\n- Book a Data Sandbox demo: https://altfndata.com/go/cp-260612\n- Market reports: https://altfndata.com/go/cp-260612-r\n- Podcast episodes: https://altfndata.com/go/cp-260612-p\nLuxury Equities — The Close\n- European luxury rallied ~3.5% across the board on US–Iran peace-deal hopes; European stocks ended the week near a record high\n- LVMH (MC) 511 EUR +3.5%; Kering (KER) 268 EUR +3.5%; Hermès (RMS) 1,697 EUR +3.3%; Richemont (CFR) 179 CHF +3.0%; Swatch (UHR) 209 CHF +3.6%; Burberry (BRBY) 1,176p +3.3%; Watches of Switzerland (WOSG) 713p +1.1%\nUS Names — A Pullback\n- The US-listed names gave back some of yesterday's gains: Ferrari (RACE) $355, −2.9%; Signet (SIG) $90, −1.6%; Zegna (ZGN) −1.3%\n- After yesterday's +9% surge on the Frasers takeover approach, Hugo Boss (BOSS) eased −0.7%, to ~€40\nGold, Silver & Rolex\n- Gold +3.7% (~$4,240/oz); silver +6.6% (~$68)\n- Rolex has raised the prices of its gold watches again, and demand from wealthy buyers has not slowed\nThe Tape\n- A risk-on day: Wall Street rose on US–Iran peace-deal hopes and SpaceX's historic market debut; oil fell on speculation the Strait of Hormuz will reopen. The week ran from the year's worst session (Wednesday) to luxury near record highs\nWeek Ahead\n- June 13: Bonhams National Automobile Museum (Reno) + Phillips New York Watch Auction\n- June 15: Sotheby's Important Watches\n- June 17: RM Sotheby's Sealed (with a 1969 Lamborghini Miura) closes\nDisclosure: ALT/FNDATA provides data and analysis, not investment advice.\nAlso from ALT/FNDATA:\n- Open Bid — Mon-Fri at 6 AM ET\n- Art Market — Tuesdays","thumbnail_url":"https://img.transistorcdn.com/-hOE2p7i6o042-uL_U7DDqKjx_Az8ErebwSEdvS9Gfo/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jMTc5/NmRjNzQ2MTE0NmFl/YWY4OTQyODMxMTlh/ZGNiYy5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}