UPDATE 1-European stocks notch new highs as Daimler earnings lift carmakers
European stocks hit a record high on Friday after strong U.S. and China data spurred optimism about a speedy global recovery, while strong results from Germany's Daimler boosted carmakers. The pan-European STOXX 600 index rose 0.3%. Global stocks stood near record highs after data showed China's economic recovery quickened sharply in the first quarter and U.S. retail sales rose by the most in 10 months in March.