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European shares rise as Richemont earnings boost luxury stocks | Business

European shares rise as Richemont earnings boost luxury stocks | Business

European shares rose on Friday after upbeat results from Richemont underscored strength in the luxury sector, while investors assessed inflation data from France and Spain for signals on the European Central Bank’s interest rate hike plans. The pan-European STOXX 600 index gained 0.6%, turning slightly positive for the week. Richemont jumped 6.5% to...