Kering shares jumped 10.8% in early Thursday trading after Italian newspaper Corriere della Sera reported that the luxury group was in talks to sell a building in Milan to a Qatari fund for more than 1.3 billion euros ($1.43 billion).

The stock is among top performers on France’s blue-chip index CAC40 amid steep cross-sector gains following a reprieve in U.S. President Donald Trump’s tariffs.

($1 = 0.9114 euros)

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