European Shares Hit Record Highs on Strong Earnings Growth and Falling Energy Costs

European equities advanced to record peaks on Thursday, with the STOXX 600 gaining up to 0.4% and Germany's DAX rising up to 1.1% to reach fresh all-time highs. The Euro Stoxx 50 climbed 0.3%, supported by third-quarter corporate earnings growth accelerating to 28% from 22%, the fastest quarterly pace in four years. Softening commodity pressures supported sentiment as Brent crude traded near $93 per barrel alongside falling European natural gas prices. European benchmarks countered tech-led declines in U.S. futures stemming from a drop in Nvidia shares, bringing European shares up more than 12% year-to-date.