European stocks hold near records as ABN AMRO, Vestas rally ahead of US CPI

European equities were broadly steady near record highs on Wednesday as investors held back from taking large positions before the U.S. CPI report, a key inflation reading that could influence expectations for the Federal Reserve's next policy moves. Sentiment also remained restrained by higher oil prices. The STOXX 50 and STOXX 600 hovered around flatline levels, while late-stage earnings reports continued to drive stock-specific moves. ABN AMRO rose more than 5% after beating market expectations across the board, and Vestas surged more than 18% after reporting higher revenue. Technology shares were among the strongest performers, helped by a wider global rally in the sector after CoreWeave posted better-than-expected sales growth. ASML Holding added 2%, Infineon Technologies gained 1.6%, Siemens Energy advanced 3.5%, and Rheinmetall climbed 1.3%. Luxury names weakened, with LVMH down 1.8%, Hermes off 1.5%, and Kering falling 2.9%.

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