European Shares Approach Record Highs as Strong Corporate Outlooks Lift Tech and Industrials

European equities climbed near record highs on Wednesday as strong corporate earnings and upbeat tech guidance counterbalanced inflation and interest rate concerns. The pan-European STOXX 600 traded up between 0.4% and 0.7% at 662.83 points, nearing its August peak. Strong outlooks from AI infrastructure companies supported sentiment, with Siemens Energy surging 6.5% on higher 2027 margin forecasts and dividend plans, while U.S. cloud provider CoreWeave's guidance lifted tech stocks, including ASML up about 3%. Meanwhile, regional benchmarks Germany's DAX, the UK's FTSE 100, and France's CAC 40 added 0.7% to 0.9%.