European stocks hit record highs on earnings
European stocks rose to a record level supported by company earnings results and higher profit forecasts, amid continued speculation about a potential agreement between Washington and Tehran and the possible reopening of the Strait of Hormuz. The Stoxx 600 index increased by 0.4% to 660 points, with notable gains in Deutsche Telekom and Glanbia stocks, while corporate earnings and second-quarter profit forecasts suggesting increases of up to 21% held significant importance for traders.
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