According to Jinshi, European stocks hit a record closing high, boosted by strong corporate earnings and renewed optimism about the Federal Reserve's interest rate cut expectations. The European Stoxx 600 index closed up 1.1%, exceeding the closing high set on March 28. UBS and chipmaker Infineon both rose. Janet Mui, head of market analysis at RBC Brewin Dolphin, said that as the economy emerges from recession and market sentiment generally improves, the recovery of capital market activities may play a greater role in boosting. Last Friday's weak US employment data rekindled investors' expectations of about two interest rate cuts before the end of the year.