may 12 reuters  european shares rose on friday after upbeat results from richemont underscored strength in the luxury sector while investors assessed inflation data from france and spain for hints on the european central banks interest rate hike plans the paneuropean stoxx 600 index stoxx gained 04 by 0718 gmt turning slightly positive for the week richemont cfrs jumped 55 to a record high as the luxury goods group beat expectations after strong demand from chinese consumers for jewellery and watches boosted net profit and sales in the 12 months through march shares of other luxury firms such as kering prtppa and lvmh lvmhpa gained more than 1 each data showed spanish national consumer prices rose 41 in the 12 months through april while french inflation rose 69  both inline with economists estimates troubled swedish real estate group sbb sbbbst  whose shares have plunged recently on debt concerns gained 29 following a sale of most of its shares in construction company jm jmst for 28 billion swedish crowns 2758 million jm shares rose 26 french bank societe generale sognpa gained 03 after it posted betterthanexpected quarterly earnings