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26.02.202614:45:07UTC+00European Stocks Rally to Record Highs on Strong Earnings

European equities advanced to new record highs on Thursday afternoon, buoyed by a wave of better-than-expected corporate earnings and renewed enthusiasm for artificial intelligence following upbeat guidance from Nvidia. The Euro Stoxx 50 gained 0.3% to reach 6,190, while the broader STOXX Europe 600 inched up to 634.

Among individual names, Indra soared 18% after delivering 2025 results that exceeded expectations. Engie rallied 7.3% on news of its plans to acquire UK Power Networks, and LSEG rose 7.6% after unveiling an additional £3 billion share buyback under pressure from Elliott Investment Management.

Other strong performers included Rolls-Royce (+4.6%), Puma (+6.2%), Schneider Electric (+4.6%), and Clariant (+6%), all supported by robust earnings. Stellantis reversed earlier declines to close up 6.8%, despite reporting its first-ever annual loss. In contrast, Deutsche Telekom slipped 1% even as it posted core profit ahead of forecasts, while Allianz edged down 0.3% after issuing 2026 guidance that disappointed market expectations.

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