European equities climbed to a record, with the STOXX 600 closing higher as energy shares advanced and corporate results beat expectations. Traders pointed to easing trade jitters and firming rate-cut odds as supports for risk appetite. The rally, broad across sectors, nevertheless faces potential pushback from lingering growth concerns and geopolitics. Portfolio managers see scope for selective exposure in energy, industrials and quality factor tilts. The move keeps Europe in step with U.S. benchmarks that recently printed highs, while FX and rates volatility remain key watch-items.