European Shares Hit Record High With ASML Boosting Gains

European stocks reached a fresh record high as ASML Holding NV’s strong earnings supported the sentiment after this week’s tech jitters.

The Stoxx Europe 600 Index was up 0.5% at the close in London, with technology stocks leading gains. ASML soared as much as 12%, the most in almost five years, after the Dutch company booked more than twice as many orders as analysts expected in the fourth quarter. Luxury stocks lagged, with LVMH dropping 5% on underwhelming sales figures.