European Stoxx 600 reaches all-time high, while soft U.S. jobs data reduces September Fed rate hike probability.

The pan-European Stoxx 600 index closed 0.3% higher at a record 660.25 points, marking an all-time high, driven by strong earnings reports and optimism surrounding a potential U.S.-Iran agreement. This rally occurred as investors processed a U.S. nonfarm payrolls report indicating an unexpected loss of jobs in the previous month, which has lowered the perceived likelihood of an interest rate hike by the U.S. Federal Reserve in September.