European stocks rose as sovereign bond yields fell in Germany, Italy, and the United Kingdom, amid market optimism about the resilience of the AI boom amid challenges, as Nvidia's earnings were evaluated.
At the start of Thursday's session, the STOXX Europe 600 rose 0.35% to 556 points, with losses in utilities and defense stocks limiting the European index's gains.
While the UK's FTSE 100 was flat at 9,259 points, the French CAC 40 rose 0.85% to 7,811 points, and the German DAX added about 0.5% to 24,163 points.
Nvidia said in its earnings release that sales growth for the quarter would remain above 50%, indicating the continued strength of the AI boom. Its second-quarter revenue reached $46.74 billion, exceeding analysts' expectations.
Markets are awaiting the release of data on M3 money supply and private lending in the eurozone later today, as well as the minutes of last month's European Central Bank meeting, during which policymakers held interest rates at 2%
