India, Aug. 6 -- European stocks hit new record highs on Thursday, with resilient company results, hopes for a U.S.-Iran deal to reopen the Strait of Hormuz, and solid German data helping underpin sentiment.
German factory orders increased 3.1 percent on a monthly basis in June, faster than the revised 0.3 percent rise in May and economists' forecast of 0.5 percent, according to data from Destatis.
On a yearly basis, growth in new orders accelerated to 6.5 percent from 4.5 percent in May.
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