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European stocks hit new highs amid U.S. labor slowdown
European stocks continued their record-breaking rise, supported by a slowdown in the U.S. labor market, which led to reduced expectations of interest rate hikes by the Federal Reserve. The "Stoxx 600" index increased by 0.4% to reach an all-time high, amid data showing a deceleration in job growth in the United States and stability in the Eurozone economy, as well as a decline in inflationary pressures. Positive movements in major markets and progress in peace talks between the U.S. and Iran also boosted investor sentiment, along with signs of easing pressures on global supply chains.
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