European Stocks Maintain Rally and Hit New Record High

European stocks closed higher on Thursday, managing to break yet another record high rising the ninth consecutive session, supported by an improved risk appetite among investors who are monitoring earnings reports and merger and acquisition deals.

The STOXX Europe 600 index added 0.52 points or 0.11% to close at a record high of 474.84 points.

In Frankfurt, the German DAX index hit a new record closing high for the second day, adding 0.70% to close at 15,937.51 points.

The French CAC40 index maintained an upwards trend for the third day, rising by 0.36% to close at 6,882.47 points.

Meanwhile, the FTSE100 index closed lower by 0.37%, snapping a four-session rising streak.