European shares climb, set for best month since Nov 2020 on earnings cheer
The index has gained 2.3% so far this week as investors hoped for a possible slowdown in the pace of U.S. interest rate hikes after data on Thursday showed the world's biggest economy shrank for a second straight quarter.Luxury stocks got a boost after sales at Hermes rose sharply in the second quarter, lifted by fast growth in Europe and the United States, and rebounding strongly in China in June, sending shares of the Birkin bag maker up 6.7%.