European shares advance as Nvidia earnings light up global markets

Published on 11/20/2025 at 03:29 am EST - Modified on 11/20/2025 at 03:30 am EST
(Reuters) -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.
Later in the day the focus will shift to a long-awaited official U.S. jobs report that could sway expectations regarding the Federal Reserve's monetary policy verdict next month.
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.
(Reporting by Anastasiia Kozlova and Johann M Cherian)

Sumber : Reuters