European stock markets are advancing towards record levels, with technology stocks leading the gains following an optimistic outlook from TSMC. Rio Tinto and Glencore have initiated talks to form the world's largest mining company. As of 13:11 Paris time, the Stoxx Europe 600 Index rose 0.6%, positioning itself to set a new closing record. The European technology stock index surged 2.8%, reaching its highest level since February, as TSMC benefited from data center chip demand, reporting a revenue increase of approximately 20% for the December quarter. Expectations of a memory chip shortage also boosted the share price of Dutch chip equipment manufacturer ASML Holding. Shares of Glencore climbed as much as 10%, hitting a new high since July 2024, while Rio Tinto's stock fell 2.5%. If the deal is finalized, the combined market value of the two mining companies would exceed $200 billion.