European stock markets closed at record highs, buoyed by strong corporate earnings and renewed optimism over Fed rate cut expectations. The Euro Stoxx 600 index closed pump 1.1%, surpassing the closing high set on March 28. UBS led the pump Financial Service zone, with the company posting its big pump long in a year. Shares of chipmaker Infineon also pumped. Janet Mui, head of market analysis at RBC Brewin Dolphin, said: "The pick-up in Capital Market activity is likely to provide an even bigger boost as the economy emerges from the recession and sentiment generally improves. "Investors have also adjusted their bets on Fed policy, with Friday’s weak U.S. jobs data rekindling expectations of about two rate cuts by the end of the year.
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