European shares rise as US court ruling on Trump tariffs boosts sentiment

May 29 (Reuters) - European shares climbed on Thursday as a U.S. trade court's decision to block President Donald Trump's proposed tariffs sparked a risk-on sentiment across global markets.

The continent-wide STOXX 600 index .STOXX was up 0.4%, as of 0715 GMT, with regional indexes also trading in the green. Germany's DAX 40 .GDAXI rose 0.5% to hover near a record high.

The Court of International Trade ruled that Trump overstepped his authority by imposing the April 2 across-the-board duties on imports from U.S. trade partners.

On Wall Street, stock index futures rose by more than 1.5% as the court's decision provided some relief from persistent trade uncertainties.

Overall sentiment was also lifted by AI bellwether Nvidia NVDA.O, which surpassed quarterly sales expectations in after-hours trading on Wednesday.

European AI-exposed stocks such as ASML ASML.AS and Schneider Electric SCHN.PA each gained about 3%, while the region's technology index .SX8P led sector gains with a 1.7% rise.

European carmakers, sensitive to tariff-centric pressures, rose in early trading. Shares in Stellantis STLAM.MI gained 2.5%, Porsche PSHG_p.DE up 1% and Volkswagen VOWG_p.DE added 1.2%.

Investors also favoured luxury stocks, with Kering PRTP.PA, Christian Dior DIOR.PA and Burberry BRBY rising between 3% and 3.6%.