Luxury and AI Stocks Drive EUR Stoxx 600 to Record Highs; CAC 40, FTSE 100 Near All-Time Highs

European shares extended to record highs by early Thursday, Feb 12, 2026, as strong earnings from luxury and industrial groups drove a broad rally. The pan-European STOXX 600 was up 0.5% to 624.67 points, near all-time highs, with the CAC 40 up more than 1.4% and the FTSE 100 near an intraday high of 10,535. Luxury stocks rose 1.5% as Hermès hit a near one-month high following stronger-than-expected sales in the U.S. and Japan, despite concerns over China growth and middle-income spending. AI and data-center-linked industrial stocks led gains: Legrand climbed 5.8% following strong data-center demand, and Siemens rose more than 6% after上调ing its full-year profit outlook on AI automation and digital infrastructure. Analysts attribute the rally to accelerating global spending on data centers, automation, and electrification. The broader upturn was also bolstered by a robust U.S. jobs report, reinforcing expectations of steady global growth.