GENEVA: European shares rose on Tuesday as investors digested fast-changing US tariff plans, while shares of LVMH slumped after a disappointing first-quarter revenue from the world’s largest luxury group underscored the damage caused by the trade war.

The pan-European STOXX 600 climbed nearly 1%, as of 0802 GMT, with most regional indexes in positive territory – except for France’s CAC 40, which dipped 0.1%. The decline was dragged down by a 7.7% drop in LVMH, set for its steepest fall since March 2020, if losses hold.