European markets opened higher on Wednesday, buoyed by a new wave of corporate earnings and a degree of optimism ahead of the eagerly awaited release of Nvidia’s financial results.
The main European markets started the session in positive territory, following continued strong momentum on Wall Street and a series of corporate earnings reports that were generally reassuring. The CAC 40 opened up around 0.4% at 8,150 points, while Frankfurt’s DAX gained nearly 0.5% to around 18,400 points. In London, the FTSE 100 rose around 0.3% to around 7,750 points.
European stocks are thus trading close to their recent highs, buoyed by easing fears about artificial intelligence, but also thanks to the banking sector, with HSBC raising its lending targets.
Nvidia in the spotlight
At the heart of expectations is the publication of Nvidia‘s quarterly results, scheduled after the close in New York. Having become one of the symbols of the artificial intelligence revolution, the American semiconductor giant remains the talk of the markets : Nvidia is seen as a major test for the valuation of the global technology sector, whose growth relies heavily on the momentum of artificial intelligence.
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