European Stocks Hit New All-Time High

European stocks continued to show record-breaking performance on Thursday, supported by an improved outlook for the global economic recovery, one day after the U.S. Federal Reserve’s latest meeting minutes showed commitment to growth-inducing policies.

The STOXX Europe 600 index gained 0.54% to close at a record high of 436.67 points.

This is the second time for the pan-European index to finish at a new all-time high this week, after Tuesday’s surge, which showed that the recent positive trend by European stocks has completed recovery from the negative impacts of the Coronavirus pandemic, by exceeding the previous record level seen in February 2020, prior to the virus outbreak.

Meanwhile, the UK’s FTSE100 leveled up by 0.83% to 6,942.22 points.

The German DAX and the French CAC40 indices finished higher by 0.17% and 0.57%, respectively.