European Shares Rebound as Nvidia's Earnings Take Center Stage Amid AI Buzz
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6 Sources
[1]
European shares rise after selloff as focus shifts to Nvidia results
Aug 27 (Reuters) - European shares edged higher on Wednesday, recovering from their largest drop in nearly a month, as investors weighed political risks in France and awaited earnings from artificial intelligence behemoth Nvidia for cues. The pan-European STOXX 600 index (.STOXX), opens new tab rose 0.4% by 0707 GMT. France's CAC 40 (.FCHI), opens new tab also gained 0.4%, following a three-week low hit in the prior session after concerns over a potential collapse of Prime Minister Francois Bayrou's government sparked a selloff in French assets. Stock indexes in Germany (.GDAXI), opens new tab, Italy (.FTMIB), opens new tab and Spain (.IBEX), opens new tab added between 0.1% and 0.3%. Investors are awaiting earnings from Nvidia (NVDA.O), opens new tab, the world's most valuable company, for fresh cues on the AI trade, after this year's biggest stock market rally hit a speed bump in August. A survey on Wednesday showed sentiment among German consumers is expected to fall for the third time in a row in September, with households' growing concerns about possible job loss and uncertainty about inflation weighing on the mood. Shares of Orsted (ORSTED.CO), opens new tab and Novo Nordisk's (NOVOb.CO), opens new tab, which have lagged this week, climbed 3.5% and 2%, respectively. Reporting by Medha Singh in Bengaluru; Editing by Janane Venkatraman Our Standards: The Thomson Reuters Trust Principles., opens new tab
[2]
European shares rise as Nvidia's outlook eases AI slowdown fears
Aug 28 (Reuters) - European shares climbed on Thursday, as Nvidia's strong results quelled worries over weakening AI demand, although uncertainty over the U.S. chipmaker's China business clouded the outlook. The pan-European STOXX 600 (.STOXX), opens new tab was up 0.3% at 556.53, as of 0704 GMT. Semiconductor stocks in the region were mixed as investors parsed Nvidia's (NVDA.O), opens new tab data center outlook, which fell short of some analysts' expectations. Shares of ASML (ASML.AS), opens new tab and BESI (BESI.AS), opens new tab edged lower, while Infineon (IFXGn.DE), opens new tab and ASM International (ASMI.AS), opens new tab rose nearly 1% each. The outlook, while still huge in absolute dollar terms and slightly above analyst estimates, disappointed investors accustomed to blowout results. European earnings were largely positive. Shares of Delivery Hero (DHER.DE), opens new tab rose 3.8% after the German online takeaway food company reported slightly better-than-expected revenue growth for the second quarter. Pernod Ricard (PERP.PA), opens new tab firmed 4% after the spirits maker reported fourth-quarter results. Shares of peer Remy Cointreau (RCOP.PA), opens new tab climbed nearly 2%. France's benchmark CAC 40 index (.FCHI), opens new tab advanced 0.7%, recovering some ground after a 2.8% drop earlier in the week, as political uncertainty loomed over the potential collapse of the country's minority government in a confidence vote. Reporting by Medha Singh in Bengaluru; Editing by Sherry Jacob-Phillips Our Standards: The Thomson Reuters Trust Principles., opens new tab
[3]
European shares rise after selloff as focus shifts to Nvidia results
European shares rebounded on Wednesday, recovering from a recent dip as investors monitored political developments in France and anticipated earnings from AI giant Nvidia. The STOXX 600 index and France's CAC 40 both saw gains. German consumer sentiment is expected to decline amid job loss and inflation concerns. European shares edged higher on Wednesday, recovering from their largest drop in nearly a month, as investors weighed political risks in France and awaited earnings from artificial intelligence behemoth Nvidia for cues. The pan-European STOXX 600 index rose 0.4% by 0707 GMT. France's CAC 40 also gained 0.4%, following a three-week low hit in the prior session after concerns over a potential collapse of Prime Minister Francois Bayrou's government sparked a selloff in French assets. Stock indexes in Germany, Italy and Spain added between 0.1% and 0.3%. Investors are awaiting earnings from Nvidia, the world's most valuable company, for fresh cues on the AI trade, after this year's biggest stock market rally hit a speed bump in August. A survey on Wednesday showed sentiment among German consumers is expected to fall for the third time in a row in September, with households' growing concerns about possible job loss and uncertainty about inflation weighing on the mood. Shares of Orsted and Novo Nordisk's, which have lagged this week, climbed 3.5% and 2%, respectively.
[4]
European shares rise as Nvidia's outlook eases AI slowdown fears
European shares saw a rise on Thursday. This was fueled by Nvidia's positive results, easing concerns about AI demand. Semiconductor stocks showed mixed performance. Delivery Hero's revenue growth boosted its shares. Pernod Ricard and Remy Cointreau also experienced gains after reporting their results. France's CAC 40 index rebounded amid political uncertainty. Overall, the European market showed positive movement. European shares climbed on Thursday, as Nvidia's strong results quelled worries over weakening AI demand, although uncertainty over the U.S. chipmaker's China business clouded the outlook. The pan-European STOXX 600 was up 0.3% at 556.53, as of 0704 GMT. Semiconductor stocks in the region were mixed as investors parsed Nvidia's data center outlook, which fell short of some analysts' expectations. Shares of ASML and BESI edged lower, while Infineon and ASM International rose nearly 1% each. The outlook, while still huge in absolute dollar terms and slightly above analyst estimates, disappointed investors accustomed to blowout results. European earnings were largely positive. Shares of Delivery Hero rose 3.8% after the German online takeaway food company reported slightly better-than-expected revenue growth for the second quarter. Pernod Ricard firmed 4% after the spirits maker reported fourth-quarter results. Shares of peer Remy Cointreau climbed nearly 2%. France's benchmark CAC 40 index advanced 0.7%, recovering some ground after a 2.8% drop earlier in the week, as political uncertainty loomed over the potential collapse of the country's minority government in a confidence vote.
[5]
European shares rise after selloff as focus shifts to Nvidia results
(Reuters) -European shares edged higher on Wednesday, recovering from their largest drop in nearly a month, as investors weighed political risks in France and awaited earnings from artificial intelligence behemoth Nvidia for cues. The pan-European STOXX 600 index rose 0.4% by 0707 GMT. France's CAC 40 also gained 0.4%, following a three-week low hit in the prior session after concerns over a potential collapse of Prime Minister Francois Bayrou's government sparked a selloff in French assets. Stock indexes in Germany, Italy and Spain added between 0.1% and 0.3%. Investors are awaiting earnings from Nvidia, the world's most valuable company, for fresh cues on the AI trade, after this year's biggest stock market rally hit a speed bump in August. A survey on Wednesday showed sentiment among German consumers is expected to fall for the third time in a row in September, with households' growing concerns about possible job loss and uncertainty about inflation weighing on the mood. Shares of Orsted and Novo Nordisk's, which have lagged this week, climbed 3.5% and 2%, respectively. (Reporting by Medha Singh in Bengaluru; Editing by Janane Venkatraman)
[6]
European shares rise as Nvidia's outlook eases AI slowdown fears
(Reuters) -European shares climbed on Thursday, as Nvidia's strong results quelled worries over weakening AI demand, although uncertainty over the U.S. chipmaker's China business clouded the outlook. The pan-European STOXX 600 was up 0.3% at 556.53, as of 0704 GMT. Semiconductor stocks in the region were mixed as investors parsed Nvidia's data center outlook, which fell short of some analysts' expectations. Shares of ASML and BESI edged lower, while Infineon and ASM International rose nearly 1% each. The outlook, while still huge in absolute dollar terms and slightly above analyst estimates, disappointed investors accustomed to blowout results. European earnings were largely positive. Shares of Delivery Hero rose 3.8% after the German online takeaway food company reported slightly better-than-expected revenue growth for the second quarter. Pernod Ricard firmed 4% after the spirits maker reported fourth-quarter results. Shares of peer Remy Cointreau climbed nearly 2%. France's benchmark CAC 40 index advanced 0.7%, recovering some ground after a 2.8% drop earlier in the week, as political uncertainty loomed over the potential collapse of the country's minority government in a confidence vote. (Reporting by Medha Singh in Bengaluru; Editing by Sherry Jacob-Phillips)
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European stock markets recover from recent losses, with investors eagerly awaiting Nvidia's earnings report for insights into AI market trends. Political uncertainty in France and mixed performance in semiconductor stocks add complexity to the market landscape.
European Market Recovery and Anticipation of Nvidia's Earnings
European shares staged a comeback on Wednesday and Thursday, recovering from their largest drop in nearly a month. The pan-European STOXX 600 index rose 0.4% on Wednesday and maintained a 0.3% increase by Thursday morning
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. This rebound comes as investors shift their focus to the eagerly anticipated earnings report from artificial intelligence giant Nvidia, while also keeping an eye on political developments in France.
Source: Economic Times
Key Market Movements
France's CAC 40 index mirrored the STOXX 600's performance, gaining 0.4% on Wednesday and further advancing 0.7% on Thursday
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. This recovery follows a three-week low hit earlier in the week, triggered by concerns over potential political instability in the French government1
. Other major European indexes, including those in Germany, Italy, and Spain, also showed positive movement, adding between 0.1% and 0.3%1
.Nvidia's Earnings and AI Market Sentiment
The market's attention is firmly fixed on Nvidia, currently the world's most valuable company, as it prepares to release its earnings report
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. Investors are looking to Nvidia's results for fresh insights into the AI trade, especially after the recent slowdown in this year's biggest stock market rally1
.Nvidia's strong results, released on Wednesday, helped ease worries about weakening AI demand
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. However, the company's data center outlook fell short of some analysts' expectations, leading to mixed performance among European semiconductor stocks2
. Shares of ASML and BESI edged lower, while Infineon and ASM International saw gains of nearly 1% each2
.Related Stories
Political Uncertainty and Economic Indicators
Source: Economic Times
The French market's volatility is partly attributed to the looming political uncertainty surrounding a potential collapse of the country's minority government in a confidence vote
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. This situation has added an extra layer of complexity to the European market landscape.In Germany, a survey revealed that consumer sentiment is expected to decline for the third consecutive month in September
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. This downturn is attributed to growing concerns about potential job losses and uncertainty regarding inflation1
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.Notable Company Performances
Several individual stocks showed significant movements:
- Delivery Hero saw a 3.8% increase after reporting better-than-expected revenue growth for the second quarter
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. - Pernod Ricard's shares firmed by 4% following the release of its fourth-quarter results
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. - Remy Cointreau, a peer in the spirits industry, climbed nearly 2%
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. - Orsted and Novo Nordisk, which had lagged earlier in the week, rebounded with gains of 3.5% and 2% respectively
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As the European market navigates through these complex dynamics, investors remain cautiously optimistic, balancing the promise of AI-driven growth against political and economic uncertainties.
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