European shares climbed on Thursday as a relief rally swept through global markets after AI bellwether Nvidia reported strong earnings, while investors awaited the release of delayed U.S. jobs data.
The pan-European STOXX 600 was up 1% at 567.64 points as of 0808 GMT. Bourses in Germany and France also up more than 1% each.
Nvidia’s blowout quarterly results and positive outlook came at a crucial time for investors, who have been rattled in recent weeks by fears of a global AI bubble.
Although those concerns still persist, Nvidia’s latest results temporarily eased investor anxiety, with the company’s Frankfurt-listed shares rising 6.2%.
The European tech index climbed 1.8%, with Infineon and ASML gaining 2.8% each.
AI equipment makers that have benefited from the technology boom such as Schneider Electric and Siemens Energy were up 2% and 4%, respectively.
Among others, BNP Paribas gained 5.7% after the French bank raised its CET1 ratio target, a gauge of financial stability, to 13% by 2027.
Important Note: The information found on Ausprime platform is intended only to be informative, is not advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not include any specific investment objectives, financial situation and needs of any specific person who may receive it. The past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statement
