Kering, slowing coronavirus cases in China lift European shares to new highs
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(Reuters) - A rally in luxury stocks led by Gucci-owner Kering and optimism over fewer new coronavirus cases in China pushed an index of European shares and the German benchmark to new highs on Wednesday.Kering jumped 6.3% after reporting better than expected quarterly results. The company remained upbeat about its longer-term prospects, despite saying it is halting spending in China on virus fears.That lifted other luxury stocks such as Louis Vuitton owner LVMH , Christian Dior , Hugo Boss ..