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European stocks hit one-week high on easing oil, yields; LVMH drags luxury stocks
European shares rose to a one-week high on Tuesday as lower oil prices and falling bond yields lifted appetite, although disappointing results from luxury bellwether LVMH pressured the sector. The pan-European STOXX 600 was up 0.61% at 639.54 points by 0849 GMT, to its highest since October 6. London’s FTSE 100 rose about 0.8%, the biggest gainer among regional indexes, boosted by financials. Oil prices fell as traders assessed supply risks following attacks on Saudi Arabia and weighed the prospect of additional diesel supplies from Russia. Euro zone bond yields dipped alongside those of Treas...
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