LVMH shares rebounded as investors bet that relief is in sight for the luxury goods titan after another quarter of declining sales.The stock rose as much as 5.1%, reversing earlier losses, on optimism that LVMH Moët Hennessy Louis Vuitton SE’s latest quarterly update marks a bottom for the French company,

LVMH sales fell less than anticipated, still faces headwinds from inflation and a slumping Japanese tourist economy as it doubles down on U.S. manufacturing amid tariff concerns.