European consumer stocks, particularly luxury brands, are benefiting from China's policy support that has increased consumer spending during the National Day Golden Week holiday. Brands like LVMH, Hermès, Kering, and Richemont have seen significant gains. The Stoxx Europe Luxury 10 Index rose, driven by optimism around Chinese holiday spending. Chinese stock markets also showed strong performance post-holiday, with a notable increase in overseas transactions and travel. The European luxury sector is viewed as a safe haven amid geopolitical tensions. Teljes cikk (Euronews.com)