Europe’s key stock markets opened higher today, buoyed by Nvidia’s impressive financial results which exceeded expectations and alleviated concerns over an artificial intelligence (AI) bubble.
Around 09:30 in Lisbon, the EuroStoxx 600 had increased by 0.87% to 566.60 points.
London, Paris, and Frankfurt markets rose by 0.66%, 0.73%, and 1.06%, respectively, with Madrid and Milan gaining 0.85% and 0.99%.
Lisbon’s stock market followed the opening trend, with the main index, PSI, up 0.85% to 8,141.44 points, compared to a new high since January 2010 of 8,484.01 points on November 5.
On Wednesday, post-market closure, Nvidia announced a profit of 31.910 billion dollars for the first nine months of the fiscal year, from February to October, 65% more than the previous year, easing fears of an AI bubble.
In Asia, Tokyo’s main stock exchange index, Nikkei, surged 2.65% today, also driven by Nvidia’s record results, while Shanghai’s main index fell 0.4%, Shenzhen’s decreased by 0.76%, and Hong Kong’s Hang Seng rose 0.02% just before market close.
Wall Street futures showed gains, with Nasdaq up 1.73% and Dow Jones 0.61%, following Nvidia’s result announcements.
At this time, Nvidia’s shares are up in futures by 5.48%, with the stock price at 196.68 dollars.
Wall Street will also digest the outcome of the minutes from the last monetary policy meeting of the Federal Reserve released on Wednesday, which revealed divisions among members regarding a potential interest rate cut in their upcoming December meeting.
The Dow Jones concluded Wednesday up 0.10% at 46,138.77 points, against the new high since its inception in 1896, of 48,254.82 points observed on November 12.
The Nasdaq, a high-tech index, closed up 0.59% at 22,564.23 points, compared to an all-time high of 23,958.47 points on October 29.
The U.S. official employment report for September, to be released today, will significantly influence the Fed’s upcoming monetary policy decision.
Brent crude oil, Europe’s benchmark, for January 2026 delivery, is advancing to 63.90 dollars, up from 63.51 dollars on Wednesday.
Gold, historically a refuge in uncertain times, saw its price decrease, with an ounce trading at 4,051.56 dollars, down from 4,078.98 dollars on Wednesday and an all-time high of 4,347.86 dollars on October 20.
In debt markets, Germany’s 10-year bond yield rose to 2.720%, up from 2.711% on Wednesday.
The euro fell to 1.1518 dollars in Frankfurt’s currency market, against 1.1576 dollars on Tuesday and a four-year high of 1.1865 dollars observed on September 16.
