European stock indices rose for a fifth session to new records on Wednesday with further support from softer pro-inflationary risks. The Euro STOXX 50 rose by 0.6% to 6,297 and the STOXX Europe 600 rose 0.5% to 639. Sovereign yields fell further as Iran and the US maintained their intent to sign an agreement that restores energy trade from the Middle East this Friday. Energy prices pulled back and scaled down expectations that the ECB would be forced to raise interest rates this year. Banks led the gains for another session amid the improved credit outlook, with Santander, UniCredit, and Deutsche Bank gaining 2.5%. On the other hand, BMW shares fell more than 6% after the carmaker cut its guidance, citing worsening conditions in the Chinese market and the broader impact of the Middle East conflict.