Europe’s Stoxx 600 rose 0.7 per cent to end the trading week, closing at a record high. Nasdaq 100 futures rebounded 1.2 per cent.

The FTSE 100 rose 1.7% to 10,652.87, while the Dax gained 2.2% in Frankfurt and the Cac was up 1.7% in Paris. On Wall Street, the Dow Jones hit a new record high.

Shares have rallied in Asia after the Dow Jones Industrial Average set another record, as some key AI related stocks rose while others extended losses.