FX.co ★ European Stocks Gain

On Thursday, the STOXX 50 climbed by 1.2%, while the STOXX 600 advanced by 1%, driven by an overall positive sentiment in the market. This uptick followed Nvidia’s announcement of earnings and revenues that surpassed expectations, along with optimistic sales projections, which alleviated investor worries about potentially overvalued artificial intelligence assets. The technology sector notably led the gains, with stocks like ASML Holding, Schneider Electric, and Infineon Technologies each rising over 2%. Additionally, BNP Paribas saw a significant increase of more than 5% after it raised its CET1 ratio target to 13% by 2027. Prominent companies like LVMH (up 1.2%), Novo Nordisk (up 2.5%), Hermès (up 1.2%), and AstraZeneca (up 1.3%) also experienced positive trading momentum.