European shares rise, led by LVMH and Greek banks

miércoles 4 de febrero de 2015 11:49 GYT

* FTSEurofirst 300 up 0.3 pct, Swiss shares outperform

* Greek index ATG back at level before election results

* Energy stocks fall back along with oil prices

By Blaise Robinson

PARIS, Feb 4 (Reuters) - European stocks rose on Wednesday as better-than-expected results from LVMH sparked a rally in the shares of luxury goods makers while Greek banks continued to recover on hopes of a deal with the EU on Greece's debt.

Shares in LVMH jumped 8 percent and hit a record high after the Louis Vuitton owner posted forecast-beating fourth-quarter sales growth, thanks to the Vuitton brand's renaissance under star designer Nicolas Ghesquiere.

"Sales growth was particularly solid in the United States and Japan," Barclays France director Franklin Pichard said.

Shares in rivals Hermes and Kering added 2.6 percent and 2.3 percent respectively.

Greek banking shares rallied again, with Bank of Piraeus up 21 percent and Eurobank up 10.7 percent. Athens' benchmark index ATG was up 0.9 percent and has now recovered all the ground lost after the election of the anti-austerity party Syriza.   Continuación...