European shares inch towards multi-year high after Fed minutes

jueves 10 de abril de 2014 04:23 GYT

* FTSEurofirst 300 up 0.4 pct, around 1 pct off near 6-year high

* Investors respond to dovish signs from Fed minutes

* LVMH surges on fashion and leather division beat

* Weak China trade data could limit market gains

By Tricia Wright

LONDON, April 10 (Reuters) - European shares rose on Thursday after minutes of the U.S. Federal Reserve's latest policy meeting suggested the central bank would be less inclined than anticipated to raise interest rates.

LVMH surged 3.9 percent, the top blue-chip gainer across Europe, after the world's biggest luxury group said sales at its fashion and leather division rose 9 percent, beating analysts' expectations.

Peers Kering - which owns Gucci - and Christian Dior rode on its coattails, advancing 3.5 percent and 3.3 percent respectively, the second and third top risers.

Trading volume in LVMH was robust, at around three quarters of its 90-day daily average, against the FTSEurofirst 300 on almost a fifth of its average.   Continuación...