**European Markets: Record Highs Amid Earnings Focus** **Date:** Tuesday, February 3, 2026 European equities surged to fresh all-time highs today, shaking off recent volatility in the commodity sector. The **STOXX 600** index climbed to approximately **617 points**, driven by optimistic corporate updates and a stabilization in precious metals. **Market Drivers** * **Indices:** Major benchmarks, including the DAX and FTSE, tracked higher as investors looked past earlier declines in metal prices. * **Commodities Stabilize:** After a sharp sell-off in previous sessions, precious metals staged a recovery. **Gold** rallied toward **$4,911 per ounce**, and **Silver** rebounded to trade near **$86.91**. **WTI Crude Oil** held steady around **$62.50 per barrel**. **Corporate Movers** **Amundi (Asset Management)** Shares jumped over **4%** after the company reported record assets under management (AUM) of **€2.38 trillion** for 2025. * **Key Figures:** Adjusted pre-tax income rose **6%** to **€1.86 billion**. * **Capital Return:** Announced a new **€500 million** share buyback program. * **Flows:** Record net inflows of **€88 billion**, significantly outpacing analyst expectations. **Siltronic (Semiconductors)** The wafer manufacturer reported preliminary full-year 2025 results, meeting targets despite a challenging environment. * **Revenue:** Sales declined **4.7%** year-on-year to **€1.35 billion**, weighed down by inventory corrections and currency effects. * **Profitability:** EBITDA margin remained solid at **23.5%**, landing within the guided range. * **Outlook:** Management highlighted meeting 2025 goals despite the headwinds from lower wafer prices and volume shifts. **Summary** Sentiment remains buoyant as key players like Amundi deliver strong capital returns, while industrial firms like Siltronic demonstrate resilience in softer markets. The stabilization in gold and oil prices has further supported the risk-on mood across the continent.