European Stock Index Reaches Record High.

European Index Hits Record High

On Thursday, the European index reached a record high, led by real estate and technology stocks, while investors awaited a likely interest rate cut at the European Central Bank's monetary policy meeting.

According to Reuters, the pan-European STOXX 600 index rose by 0.5%, continuing its third consecutive session of record gains. The German 'blue-chip' index increased by 0.3%, also reaching an all-Time high, reports Economic Truth.

A potential ECB rate cut of 25 basis points would lower the deposit rate to 2.75% - the lowest level since the start of 2023. This decision also contrasts with the verdict of the US Federal Reserve, which left rates unchanged on Wednesday.

European real estate, which is traditionally sensitive to rates, was also among the sectors that gained the most, adding 1.8%.

The technology sector sub-index also increased profits, rising by 1.1%, as it continued to recover after the sell-off early in the week triggered by the emergence of the artificial intelligence model DeepSeek.

Chip equipment manufacturer ASML added 3.4%, while AI-related firms such as Siemens Energy and Schneider Electric rose by 1.4% and 2.1%, respectively.

Meanwhile, industrial company indexes jumped by 1.2%, aided by a 4.5% surge in Bucher Industries' shares after the company reported quarterly results.

It is noted that the Spanish IBEX index rose by 0.5% to a high not seen since June 2008 amid strong banking profits from Caixabank and BBVA.