European financial markets soared on Thursday, setting new records driven by technology stocks. Against this backdrop, investor optimism is fueled by both spectacular advances in artificial intelligence and persistent hopes of lower interest rates in the United States, despite the political turmoil surrounding the federal government shutdown.
The pan-European Stoxx 600 index gained 0.7%, reaching an all-time high during trading. All the major markets in the region rose, with Frankfurt’s DAX 40 advancing 0.8% on the back of strong performance by industrial and automotive stocks. In Paris, the CAC 40 rose 0.8% and once again crossed the 8,000-point mark, a symbolic threshold it had not exceeded since last March.
AI as a market driver
Technology stocks posted the strongest sector growth in Europe, jumping 2.3%. But in Asia too, the technology sector is in the spotlight, following the announcement of a preliminary agreement between OpenAI and South Korean giants Samsung Electronics and SK Hynix.
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