Germany's DAX index closed at an all-time high on Wednesday for the second time this week as European equities were broadly higher.
The pan-European Stoxx 600 closed 0.39% higher, while the DAX closed at a fresh record of 21,254 points, according to LSEG data.
Sportswear giant Adidas helped boost the German index, with shares ending 6% higher after the company said sales grew by 19% in its fourth-quarter results after the market close on Tuesday.
The athletic apparels maker said revenues were nearly 6 billion euros ($6.25 billion) in the last three months of 2024, stripping out currency fluctuations.
Analysts from JPMorgan, BNP Paribas, Exane and Oddo raised their price target for the shares after the release. The company is set to report its full-year results in March.
Across European equities, household goods, industrials, technology and insurance sectors led the market with more than 1% gains.
Source: CNBC
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