European shares rose to a fresh record high on Thursday, supported by a strong performance in global stocks, with Japan's Nikkei index hitting an all-time high.

The pan-European STOXX 600 index rose to 495.77 points, surpassing the 495.46 level reached in January 2022, as surprisingly strong revenue forecasts from US chip giant Nvidia lifted sentiment globally.

The index was up about 1 percent in recent trading on the day, and is up about 4 percent so far this year after rising more than 10 percent last year.

Global markets benefited from the broad-based strength of the global economy and hopes that major central banks would cut interest rates later in the year.

In Asia, Japan's Nikkei index rose to an all-time high on Thursday.

The US S&P 500 is already at an all-time high led by gains in big tech stocks, while European stocks have lagged, trading well below earnings.