STOXX 600 up for 8 days in a row
Luxury stocks, miners among biggest gainers
CompuGroup Medical soars on CVC buyout talks
Vivendi up after shareholders approve breakup

Dec 9 Reuters European shares closed at their highest levels in sixweeks on Monday, led by mining and luxury stocks, after a promise of renewed stimulus to support China39;s slowing economy.

The panEuropean STOXX 600 index edged up 0.1, and notched its eighth consecutive session of gains.

Chinaexposed miners in Europe rose 3.2 and the index logged its biggest oneday rise in more than a month after the Politburo was quoted as saying that the top metals consumer will adopt an appropriately loose monetary policy next year as part of steps to support economic growth, marking the first such shift towards loosening since 2010.

Stocks of luxury companies that earn a substantial amount of their revenue from China, such as LVMH and Kering, added over 3 each to lift France39;s CAC 40 index for the eightstraight day.

It closed up by 0.7, further trimming its annual declines to less than 1.

However, political uncertainty prevailed with President Emmanuel Macron yet to name a new prime minister, while the farright National Rally RN suffered a surprise byelection loss late on Sunday.

With former Prime Minister Michel Barnier39;s push for higher corporate taxes now unlikely to move forward, it appears to have provided temporary relief to equities. Investors have seemingly capitalised on discounted valuations,…