O/RMET/L Shares of luxury retailers LVMH LVMH.PA and Richemont CFR.S, which rely on China for a major part of their revenue, rose 0.8% and 2.4%, respectively. The continent-wide STOXX 600 index .STOXX was up 0.7%, as of 0716 GMT, mirroring a sharp rebound on Wall Street late last week on easing concerns about persistently high inflation. .N Oil & gas .SXEP and mining stocks .SXPP gained 1.5% and 3%, respectively, as commodities rebounded from recent losses on growing fears about a global recession.