European stocks closed at a record on Wednesday, as technology shares rose on renewed confidence in the AI trade. The pan-European STOXX 600 gained 0.72% to 663.05, topping its previous record close of 660.51 from Aug. 11 and ending just below its intraday record of 663.41.
Siemens Energy jumped 10.8% to 132.76 euros, leading gains on Germany’s DAX, after forecasting a profit margin of 14% to 16% for fiscal 2027, up from 12.4% in fiscal 2026, and proposing to more than triple its dividend to 2.30 euros a share from 0.70 euros. European technology shares rose about 2.5%, helped by a strong outlook from U.S. AI cloud company CoreWeave, Reuters reported. Chip equipment makers Soitec and Aixtron jumped 11.9% and 8%.
Germany’s DAX rose 1.2% to 26,662.77.
Czech ammunition and arms producer CSG fell 21.6% after cutting its full-year operating margin forecast, Reuters reported.
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