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Europe's STOXX 600 hits record high on earnings-driven optimism

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-Europe's benchmark stock index hit a record high on Wednesday, on continued cheer over strong earnings from the likes of beer maker Anheuser-Busch Inbev and Germany's Siemens Energy, while investors also mulled the fate of major central bank rate cuts.

However, ECB officials have flagged uncertainties around monetary policy easing beyond June, while across the Atlantic, doubts around the Federal Reserve's rate cuts loom large. On the earnings front, the world's largest beer maker Anheuser-Busch Inbev climbed 4.6% after posting consensus-beating first-quarter earnings and confirming its 2024 outlook, helping the food and beverages index rise 1.4% to be the top sectoral gainer.

Italy's Leonardo rose 2.5% on rising first-quarter orders and revenue. The broader aerospace and defence index rose 1.7%.

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