European Shares Hit Record High Amidst Market Divide: Energy Soars, Tech Plunges

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Firstpost•12-02-2026, 12:21
European Shares Hit Record High Amidst Market Divide: Energy Soars, Tech Plunges
- •European equities reached a new record high, but the market showed sharp divisions with energy stocks surging and tech shares tumbling.
- •The pan-European Stoxx 600 rose 0.1% to 621.58, with London's FTSE 100 leading gains, while Italian, French, and German indices were largely flat or down.
- •Energy stocks climbed 3.8% to their highest level since 2008, fueled by a 2% rise in crude prices.
- •Technology and media shares fell 1.8% and 2.6% respectively, with Dassault Systemes plunging over 20% after disappointing revenue reports.
- •Corporate earnings drove stock-specific moves: Heineken gained on profit rise, Siemens Energy surged on strong demand, while Commerzbank slipped despite record profit, and Lufthansa fell due to strike concerns.
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