
European luxury stocks jump after China promises financial support for key sectors

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** European luxury index (.STXLUXP) rises 1.8%, on track for its best day in over a month, with traders citing new measures China plans to introduce to support key areas of its economy** China plans to expand exports and imports next year as part of efforts to promote "sustainable" trade, a senior economic official said on Saturday** Kering , Salvatore Ferragamo and Brunello Cucinelli jump 3%-5%** Burberry , LVMH and Hermes are up 1%-2.5%

