European stock markets hit record highs, boosted by strong financial reports and gains in mining stocks.

European stock markets hit a historical high on Tuesday, benefiting from strong earnings reports from multiple companies including Orient Securities. Also, the rise in metal prices has boosted the mining sector. However, the stock price of Lyon Group fell, dragging down the media sector. The French CAC 40 index rose by up to 0.7% during the trading session. Earlier, after Prime Minister Sebastien Le Cornu survived two votes of no confidence, the French National Assembly passed the 2026 budget; at the same time, France's inflation rate unexpectedly slowed to a five-year low. Goldman Sachs' basket of French stocks with a focus on domestic demand rose by 0.5%. Despite political uncertainty since mid-2024, the performance of this combination still outperforms export-oriented stocks.