European shares reach record high as global stocks rally

European shares rose to a record high on Thursday, lifted by a rally in global stocks that also saw Japan’s blue-chip Nikkei index hit an all-time high.

Europe’s broad STOXX 600 index .STOXX rose to 495.81 points, surpassing the 495.46 reached in Jan. 2022, as unexpectedly strong revenue forecasts from U.S. chip giant Nvidia NVDA.O lifted sentiment around the world.

Rolls-Royce (LON:RR) stock soared over 8% after the U.K. engineering firm said annual profit more than doubled last year, and it forecast a further jump in 2024.

JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.

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