Europe's luxury hits 4-month high as US spend bounces

** Europe's STOXX Luxury 10 .STXLUXP up as much as 2.6% to 4-mo high, outperforms the broader STOXX 600 .STOXX

** BofA expects Q3 luxury revenues to be flat, up from a 3% fall in Q2, driven by easier comparables and a rebound in U.S. demand. It adds Q4 comp will be 'tough' again

** One trader cites optimism Q3 results won't be as bad as Q2

** American luxury spend turns positive in September for first time in 37 months, BofA card data shows; China demand is "slightly less bad but recovery is slow"

** LVMH LVMH.PA up 4%, among top-10 gainers on STOXX, L'Oreal OREP.PA, Kering PRTP.PA, Moncler MONC.MI, Richemont CFR.S all up over 3%