European shares are almost five months high on the attractive profit season

European shares reached almost five months high on Friday, while investors watched an American inflation peak and received support from a largely positive profit season.

The Pan-European Stoxx 600 index rose by 0.2%, from 0717 GMT, powered by miners and chemical shares.

US President Donald Trump and his Russian counterpart Vladimir Putin will meet later in the day in Alaska, with the US hoping to seal a Ceasfire agreement on Ukraine and negotiate a possible nuclear deal.

Worldwide shares, despite a peak in the price data of the American producer in the expectations of a speed of 50 basic points of the Federal Reserve next month and weak Chinese economic data that indicate tariff -related effects.

NKT rose by 9.1% after the supplier of the Danish Power Cable Solutions had updated its financial prospects for the entire year.

ASML fell by 1.5%, with the world’s largest supplier of computer chip-making equipment that came under pressure after US peer-to-effect materials had reduced its fourth quarterly reduction, prognoses on a weak demand in China and tariff security-related effects. The Dutch company had issued a similar warning in mid -July and said it might not reach the growth of 2026. Chip shares are semiconductor and ASMI fell 0.7% and 1.1% respectively. Pandora was the best lagging on Stoxx 600, 11.9%dropped, after the second quarter of the Danish jewelry manufacturer organic income missed estimates.