News > European shares hit new highs, await US economic data

European shares hit new highs, await US economic data

European shares soared to yet another record high, marking the third consecutive session of gains fuelled by upbeat corporate updates. However, investors exercised caution ahead of crucial economic data releases from the United States, seeking insights into the trajectory of global interest rate cuts. The pan-European STOXX 600 index rose by 0.3 per cent, set for its eighth consecutive week of gains. Germany's DAX index also surged by 0.2 per cent.