European shares close at record highs on financials boost
Adds missing figure in para 4
Infineon jumps 12.9% on Q2 sales beat
Zalando surges on Q1 operating profit beat
French cognac companies up on China's attitude to trade dispute
ECB can't be lenient with structural inflationary forces - Nagel
Updated at 1629 GMT
By Ankika Biswas and Johann M Cherian
May 7 (Reuters) -European shares closed at record high levels onTuesday, with financials stocks in the spotlight following upbeat earnings fromSwitzerland's UBS and Italy's UniCredit, while optimism around interest rate cuts also helped.
The pan-European STOXX 600 .STOXX was up 1.1%, also clinching its best day in over three months, while a market fear gauge .V2TX dropped to over a month's low.
The financials sector .SXFP rose 2.5%, boosted by a 7.6% jump in UBSUBSG.S, after the lender'sfirst quarterly profit since taking over Credit Suisse, wasthree times analysts' expectations.
UniCredit CRDI.MI, Italy's second-largest bank, gained 3.6% to a 13-year peak, steering the banks' index .SX7E 2.3% higher, as it raised its investor reward guidance after posting a much higher-than-expected profit and boosting capital levels.
Spain's main index .IBEX rose 1.5%, with BBVA BBVA.MC up 3.6% after Sabadell SABE.MC rejected the country's second biggestlender's takeover proposal.
Following a rough patch in April during which the main index lost over 1.5%, the STOXX recovery has gathered steam over the past three sessions, but is still lagging its peers in the U.S.
"Inflation is normalising and earnings are starting to pick up again, all at a time when valuations both in absolute terms, and relative to history, and against the United States, is still fairly low," said Maximilian Kunkel, chief investment officer for Global Family & Institutional Wealth at UBS.
On the day, Germany's DAX .GDAXI surged 1.4%, driven by a 12.9% jump in chipmanufacturer Infineon IFXGn.DE after better-than-expected second-quarter sales, with analysts expecting long-term growth despite a full-year guidance cut.
Further, spirits makers Remy Cointreau RCOP.PA and Pernod Ricard PERP.PA jumped 5% and 3%, respectively, after Chinese President Xi Jinping's "open attitude" towards a trade dispute over French cognac.
Theretail sub-index .SXRP also rose 1.4% as Germany's Zalando ZALG.DE gained 8.5% after delivering a better-than-expected first-quarter operating profit.
On the flip side, German software developer TeamViewer TMV.DE dropped 8.1% after a first-quarter results miss, whileDanish medical equipment maker Coloplast COLOb.CO fell 3.5% after a second-quarter earnings miss.
Germany's Fresenius Medical Care FMEG.DE shed 5.5% after onlymaintaining its 2024 profit outlook despite a first-quarter operating earnings beat.
Elsewhere, Britain's FTSE 100 .FTSE hit arecord high, up xx%, boosted by a 1.3% gain in Shell after Reuters reported its plans to sell the Malaysian gas station business.
Bundesbank President Joachim Nagel said deep structural changes in the euro zone economy could put upward pressure on inflation for years to come but the European Central Bank should still not tolerate quicker price growth.
Reporting by Ankika Biswas and Johann M Cherian in Bengaluru; Editing by Sherry Jacob-Phillips, Savio D'Souza and Ed Osmond
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
