Shares up, dollar down as investors renew bets on Fed rate cuts

LONDON, Oct 15 (Reuters) - Stocks globally recovered some of their recent losses on Wednesday after comments by U.S. Federal Reserve Chair Jerome Powell boosted investor hopes of further rate cuts this year, pressuring the dollar.

European shares (.STOXX), opens new tab gained 0.6%, with French stocks (.FCHI), opens new tab adding 2.4% as LVMH (LVMH.PA), opens new tab shares jumped 12% after the world's largest luxury group reported upbeat earnings, in turn boosting the wider sector.