European stocks hit record high
European stocks reached their all-time highs, driven by improved investor appetite for technology shares and better-than-expected corporate earnings during a week marked by central bank decisions and escalating hostilities in the Middle East. The Eurostoxx 600 index rose by 0.9% to reach 655.2 points, maintaining gains for the fourth consecutive month. Technology stocks increased by 2.2%, with strong interest in AI-related shares such as Swytch, Infinion Technologies, and A.S.M.L., which saw rises ranging from 3.5% to 7.2%. Additionally, a more than 1% decline in oil prices supported the market amid a balance of tensions between the United States and Iran, following limited progress in the Strait of Hormuz conflict. Conversely, Meraux Industries' shares dropped by 9.3% after forecasts indicated additional costs due to an incident in California, while Crédit Agricole's stock rose by 4.5% after posting second-quarter profits that exceeded expectations.
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