Major European stock indexes, including the Stoxx Europe 600, Germany's DAX, the FTSE 100 and France's CAC 40, continued to reach record highs over the past week. According to Odaily, FactSet data show Stoxx Europe 600 constituents are expected to post second-quarter profit growth of 22% from a year earlier, the best earnings growth since 2022.Bloomberg data show Europe stock ETF funds posted net inflows in July for the first time since the end of February, when the U.S.-Iran conflict began. BlackRock said its Europe equity products drew $4.4 billion in inflows in July.Morgan Stanley Europe equity strategist Marina Zavolock said recent strong earnings have increased investors' interest in Europe equities for diversification. She said a sharp selloff in global semiconductor stocks in July pushed investors back toward Europe, where returns are less dependent on technology and AI shares.