* 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.
Energy stocks halted their recent sharp rally, and fell back along with crude prices. Brent futures were down 3.5 percent at $55.90 a barrel, hurt by renewed concerns over global demand and high stock levels.
Oil majors BP and Total were down 1.8 percent and 1.7 percent respectively.
At 1525 GMT, the FTSEurofirst 300 index of top European shares was up 0.3 percent, at 1,482.73 points.
Spain’s BBVA gained 2.9 percent after the bank posted better-than-expected revenues from lending in the fourth quarter and said it would now aim to grow more in its domestic market, where losses on loans are dropping.
BBVA’s results echoed a positive update from its larger peer Banco Santander on Tuesday, signalling improving trends in Spain.
Around Europe, Britain’s FTSE 100 index was down 0.8 percent, dragged back by falling commodity-related stocks, while Germany’s DAX index was down 0.2 percent and France’s CAC 40 was flat.
Switzerland’s SMI index outperformed, rising 1.7 percent, boosted by rallying shares in luxury goods makers and as the Swiss franc dipped against the euro, seen as positive for Swiss exporters.
Syngenta AG rose 3.7 percent. The world’s largest maker of crop chemicals reported an unexpected rise in operating earnings and raised its dividend, as price increases partly offset the effect of declines in the Russian and Ukrainian currencies.
Today’s European research round-up
Additional reporting by Francesco Canepa in London; Editing by Kevin Liffey