Cartier owner Richemont CFR.S climbed 6.9% after the world's second largest luxury group said strong demand for its jewellery and watches in the Americas and Europe helped quarterly sales rise by nearly a third. The U.S. 10-year US10YT=RR and five-year Treasury yields US5YT=RR held near two-year highs, while global tech stocks sold off as investors fretted over inflation and braced for tighter U.S. monetary policy. British luxury brand Burberry BRBY.L advanced 3.8% after saying a strong performance in outerwear and leather goods and a material improvement in Asia and Europe accelerated growth in its quarterly full-price sales.