European Stock Indexes Rise, STOXX Europe 600 Hits New High

Deep Tide TechFlow reports that on July 31, European stock indexes rose during early trading as European tech stocks followed the upward trend of Asian tech stocks. Falling oil prices also boosted the indexes. The pan-European STOXX Europe 600 index climbed 0.8%, reaching a record high. In Amsterdam, the Netherlands AEX index, which has a heavy semiconductor weighting, rose 0.2%. ASML gained 3.4%, ASM International surged 5.4%, but Universal Music Group plummeted over 21% after releasing its earnings report. Supported by a 5.1% surge in mining stocks and grocery retailer Sainsbury, the UK FTSE 100 index rose 0.6%. Germany's DAX index increased by 0.7%, with chipmaker Infineon soaring 7%. (Jin10)