European stocks hit a record high on Wednesday, driven by strong earnings from ASML, the leading chip equipment maker. The pan-European STOXX 600 index rose 0.5%, surpassing Tuesday’s record close.
European stocks hit a record high on Wednesday, driven by strong earnings from ASML, the leading chip equipment maker. The pan-European STOXX 600 index rose 0.5%, surpassing Tuesday’s record close.
ASML shares jumped 8.7% in early Frankfurt trading on Wednesday after reporting better-than-expected Q4 bookings. The Dutch company, which is the largest supplier of chip-making equipment, posted €7.08 billion in