European Shares Peak Thanks to Earnings From Airbus

European shares hit record highs Thursday, July 29 as strong earnings from big commodity companies, Airbus and others boosted markets positivity, while concerns over moves by regulators in China dispelled.

The Stoxx600 index of European shares rose 0.3% to an all-time high of 463 points in early trading.

The shares of Airbus, the world’s largest aircraft maker, jumped 3.6%, providing the biggest support to the Stoxx600 index after the company aggressively raised its forecast for aircraft deliveries and full-year profits.

Credit Suisse’s stock fell 4.8% after the Swiss bank announced an 80% drop in second-quarter profit, hurt by the fallout from the Archegos collapse.