1626 GMT - The ruling of the U.S. Supreme Court on President Trump's tariffs should be welcomed by the European luxury industry, Bernstein analyst Luca Solca says. "This is excellent news." European luxury names are significant exporters to the U.S., Bernstein says. The country has become key for the sector given challenges in the all-important Chinese market. The ruling that the global tariffs issued by Trump are illegal should allow these companies to recapture a few percentage points of margins, he says. Luxury stocks trade higher, with sector bellwether LVMH up 4.8%. French peers Hermes and Kering rise 3.9% and 1.1%, respectively. Cartier-owner Richemont jumps 2.7%, while Salvatore Ferragamo and Brunello Cucinelli trade more than 2.5% higher. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

February 20, 2026 11:26 ET (16:26 GMT)

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