Eurozone: European Stocks Close at Records.

European stocks closed slightly higher on Thursday amid support from strong earnings reports and a rebound for the tech sector. The Euro STOXX 50 added 0.4% to 6,503 and the STOXX Europe 600 added 0.2% to 658, both at record highs. Deutsche Telekom surged 6.3% after delivering strong earnings, raising its guidance, and lifting its share buyback to $3.5 billion. On top of that, Hermes advanced 5.1% after receiving an upgrade from Berenberg. Meanwhile, ASML and Siemens Energy gained 2% each amid a rebound for companies with exposure to AI infrastructure in Europe. In the meantime, Rheinmetall fell 3.5% after it revised its outlook downwards, which reflected the impact of a German government order cancellation earlier this year. Also, Siemens dropped 4.5% as its quarterly results missed the upper range of estimates, even though the company reported record industrial profit and a record level of new orders.