Luxury stocks, commodities pop as China eases COVID curbs
Leonteq slips after 2022 profit expectations cut
German businesses expect only mild recession as disruptions ease
STOXX 600 up 0.4

Dec 27 Reuters European shares climbed on Tuesday, tracking a global rally in equities after China further relaxed its COVID19 curbs, raising hopes of a recovery in the world39;s secondlargest economy.

The panEuropean STOXX 600 index gained 0.4 to start the holidayshortened week higher.

China on Monday said it would drop its quarantine requirements for inbound visitors, further easing threeyear border controls aimed at curbing COVID.

While London and Dublin markets remained closed for the Christmas holiday, most European bourses advanced in early trading.

Chinese reopening and the inline U.S. inflation data on Friday could provide a minor boost to equity markets, said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.

However, rise in COVID19 cases in China could throw a shadow on the reopening glow, Ozkardeskaya added.

Chinaexposed luxury firms LVMH and Richemont rose nearly 1.7 each.

Miners and energy stocks added 1.0 and 1.4, respectively, as commodity prices jumped on hopes of demand recovery in top consumer China.

Industrials and banks gained for a second straight session, lifting the broader European index.

Traders and analysts said thin trading volumes also influenced market moves.

German companies expect only a mild recession next year despite headwinds from…