European stock markets approached record highs as renewed demand for technology shares and improving investor confidence supported gains across global equities.

Russia and Ukraine resumed direct negotiations under US mediation in Abu Dhabi, with discussions focusing on security guarantees, territorial disputes and the possibility of a broader European security arrangement.

Global equity markets advanced on Wednesday as renewed optimism surrounding artificial intelligence boosted technology stocks, despite expectations of tighter US monetary policy.

Leading European semiconductor manufacturers believe the region can become a major competitor in robotics and physical artificial intelligence, supported by its expertise in automotive engineering, industrial automation and advanced chip technology.

Ukraine's ambitions to join the European Union face increasing uncertainty as the continuing war, political resistance and concerns over institutional reforms complicate the country's membership prospects.