European shares hit an all-time high on Tuesday, driven by gains in technology stocks and corporate earnings updates. The pan-European STOXX 600 index was up 0.4% at 654.78 by 0856 GMT, after touching a record high of 656.85 earlier in the session.
Technology Sector Gains
The technology sector gained 1.7%, with BE Semiconductor advancing 5.6% after Berenberg upgraded the stock to “buy”, saying recent market weakness has created an attractive entry point for investors. Other chip stocks also advanced, with Soitec leading gains with a 5.1% rise.
Aerospace and defence sector climbed 1.8%, while mining stocks jumped 2.6%, tracking stronger metals prices.
However, not all stocks performed well. Lufthansa shed 10.6% after the German airline warned that operating profit could fall this year due to higher fuel costs tied to the U.S.-Iran war. Zalando bottomed the STOXX 600, down 16.8% after the fashion retailer forecast 2026 revenue and growth to land in the lower half of its previously guided range.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
