Europe’s STOXX 600 near record high as Siemens Energy, CoreWeave outlooks lift sentiment

By Johann M Cherian and Anjana Jayakrishnan Nair Nov 11 (Reuters) – Europe’s STOXX 600 index opened higher and traded near ​record highs on Wednesday, as strong ‌forecasts from Siemens Energy and US-based CoreWeave helped ease concerns about the AI trade outlook, while inflation worries kept a lid on gains. The pan-European ‌index ​gained 0.7% to 662.83 ⁠points by 0807 GMT ⁠and was just a whisker away from breaching record levels reached in August. AI equipment maker Siemens Energy gained 6.5% on ​expectations of higher profit margins in 2027. The company announced plans to more ⁠than triple its dividend. Shares ⁠of its peers Schneider Electric and ​Legrand gained around 2.6%, while the broader ​tech sector added 1.7%. Neocloud company CoreWeave said ‌it would become profitable on an adjusted basis in the first half of 2028. Among laggards on the STOXX index, wind turbine operator ⁠Vestas fell 6%, after reporting third-quarter operating profit below market estimates. Czech-based ammunition and arms producer CSG ⁠tanked 18% ‌after cutting its full-year operating ⁠margin forecast. A rebound in Brent crude ​prices ‌following shipping attacks in the ​Strait of ⁠Hormuz stoked some caution, a day after hotter-than-expected US inflation data lifted expectations for a December interest rate hike by the Federal Reserve. (Reporting by Anjana J Nair; Editing by ​Harikrishnan Nair)