European stocks reached a record high.

European stocks hit a record level thanks to the successful performance of Dutch chipmaker ASML. This fact led to a nearly 11% increase in the company's shares, and the technology sector as a whole rose by 4.5%.

According to Reuters, global markets unexpectedly showed a calm atmosphere on Wednesday, while the weekly 'roller coaster' on stock markets turned into a waiting position before the first meeting of the Federal Reserve in 2025 and the results of Microsoft, Meta, and Tesla. This is reported by Ukrinform.

The Federal Reserve is expected to halt a series of rate cuts that have lasted for three meetings and enter a wait-and-see mode. However, investors are interested in how they assess the first nine days of Donald Trump's presidency, which turned out to be eventful.

It is also noted that market increases were recorded in parts of Asia where the Lunar New Year has not yet been celebrated, as well as on Wall Street.