European stocks hit new high amid AI surge
European stocks hit record levels after a strong rally in technology and semiconductor shares, driven by better-than-expected earnings and oil prices falling below $90 per barrel. The STOXX 600 index rose by 1%, continuing its gains for the fourth consecutive month. Major stock markets in Germany, France, and the UK experienced similar increases, while the technology sector surged by 2.2%, boosted by rising AI company shares. Additionally, the US and Asian indices saw significant gains following strong earnings reports from companies like Microsoft and Samsung, with declining oil prices easing cost pressures and inflation.
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