AI equipment maker Siemens Energy gained 6.5% on expectations of higher profit margins in 2027. (EPA Images pic)FRANKFURT: Europe's STOXX 600 index opened higher and traded near record highs on Wednesday, as strong forecasts from Siemens Energy and US-based CoreWeave helped ease concerns about the AI trade outlook, while inflation worries kept a lid on gains.
The pan-European index gained 0.7% to 662.83 points by 08.07 am GMT and was just a whisker away from breaching record levels reached in August.
AI equipment maker Siemens Energy gained 6.5% on expectations of higher profit margins in 2027. The company announced plans to more than triple its dividend.
Shares of its peers Schneider Electric and Legrand gained around 2.6%, while the broader tech sector added 1.7%.
