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[BUSINESS] · Germany, United States, Iran · 46 sources

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European shares hit record highs on earnings and US‑Iran optimism

European equity markets surged to new all‑time highs as the pan‑European STOXX 600 index closed around 660 points, driven by strong corporate earnings and optimism that the United States and Iran are moving toward a deal to reopen the Strait of Hormuz. Deutsche Telekom lifted its 2026 share‑buyback programme by €3 billion, raising the total to up to €5 billion, which helped lift the German DAX. Oil prices eased, with Brent crude falling to about $79.45 a barrel, easing inflation concerns.

In the United States, the S&P 500 hovered near 7,723 points, while Nvidia shares jumped more than 3 % after Elon Musk said SpaceX will use only Nvidia chips for its AI infrastructure. ADP reported 44,000 jobs added in the latest month, well below the 75,000 forecast, and analysts expect the U.S. non‑farm payrolls report to show roughly 80,000 jobs with unemployment near 4.2 %. These data points kept markets balanced between earnings strength and geopolitical risk.

Entities

ADP · AEX index · Amsterdam Stock Exchange (AEX) · Deutsche Telekom · Deutsche Telekom AG · Heineken · Heineken N.V. · Iran · Iran · Nasdaq Composite · Nvidia · Nvidia Corporation

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