FILE PHOTO: Bottles of French red wine are displayed at the Chateau du Pavillon in Sainte-Croix-Du-Mont, France, July 29, 2019. REUTERS/Regis Duvignau/File Photo

LONDON (Reuters) - European luxury goods and drinks company shares rose on Thursday after new U.S. tariffs in retaliation over EU aircraft subsidies excluded cognac, champagne and leather goods.

Remy Cointreau RCOP.PA shares were up as much as 6.3% at 0756 GMT and set for their best day since Jan. 19 2017, making them the top gainer on STOXX 600 .STOXX, while Pernod Ricard PERP.PA shares rose 3.6% to top Paris' blue chip index.

“Overall (it) represents a light touch,” said Jefferies analyst Edward Mundy.

Britain's Diageo DGE.L, the world largest spirits company, was among the top gainers of London's FTSE .FTSE, up 1.7%. British fashion brand Burberry BRBY.L rose 1%, while Italy's Moncler gained 2.1%.

The United States on Wednesday said it would impose 10% tariffs on European-made Airbus AIR.PA planes and 25% duties on French wine, Scotch and Irish whiskies, and cheese from across the continent.

The announcement came after the World Trade Organization (WTO) gave Washington a green light to impose tariffs on $7.5 billion worth of EU goods annually in the long-running case, a move that threatens to ignite a tit-for-tat trade war.

European plane maker Airbus AIR.PA jumped 4.1% after falling 2% during the previous session as fears over an intensifying trade war weighed.

The overall European benchmark STOXX 600 .STOXX was up 0.2$ as selling pressure eased after worries over global growth caused a two-day rout that wiped off all gains made in September.