Louis Vuitton helps drive €65bn buying spree for European shares

The rise helped lift the pan-European Stoxx 600 index to its highest level in two years

Investors added €28bn to its Louis Vuitton value.

Investors dived back into top luxury shares in Europe, adding some €65bn to their stock market value as Louis Vuitton Moet Hennessy, or LVMH, reassured investors about the sector's resilience to economic headwinds, particularly in China.

The buying spree helped recoup some of last year's losses after China's economic revival proved lacklustre following the lifting of covid restrictions.