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Nvidia Helps Drive European Stocks to Record High

European stocks closed at an all-time high, spurred by a roster of earnings in Europe and the spillover from Nvidia’s red-hot results in the U.S.

Tweet on EU’s stock fluctuation

Factset chart

The Stoxx Europe 600, which tracks major European equities, rose 0.8% to 495.10, a record that topped its previous peak in January 2022.

European tech stocks led the increase, with the Stoxx technology index up some 3%.

Shares of ASML, a major manufacturer of semiconductor equipment, rose 5% in the Netherlands.

Rolls-Royce stock jumped 8% in London after the British aerospace and defense company swung to a pretax profit, with revenues ahead of expectations.

Anglo-American shares rallied after the London-listed mining giant held its guidance unchanged and posted results in line with analysts’ expectations.

In other positive news for Europe, a purchasing managers’ survey published Thursday showed that the eurozone was continuing to climb out of its economic downturn despite a bleak outlook for the key industrial sector in Germany.

Image: Franfurt Boerse