STOXX Europe 600 holds near record 660 as investors await US July CPI data at 3.4% forecast. Defence and energy sectors gain while luxury stocks

The recent surge in STOXX 600 stock market values is a result of stronger-than-anticipated European earnings.

The STOXX 600 hit a record 656.86 as European markets defied stagflation warnings tied to the Iran war, driven by falling oil prices and strong

The STOXX Europe 600 Index is up 0.06 point or 0.01% today to 660.51