Europe open: Stoxx up as investors eye EZ data, Nvidia earnings
By Frank Prenesti
Date: Tuesday 19 Nov 2024
(Sharecast News) - European shares were higher at the open after an upbeat session in Asia with eyes on a eurozone final October inflation reading later in the day and more corporate earnings.
The pan-regional Stoxx 600 index was up 0.14% to 503.58. Investors are also keenly awaiting results from the new tech darling Nvidia, although its shares were it overnight on a report that its new Blackwell artificial intelligence chip was overheating when connected in customised server racks.
"After last week's whirlwind of activity, US market took a breather yesterday evening with a more subdued session," said Hargreaves Lansdown analyst Matt Britzman.
"While the market's tendency to rebound remained intact, investor caution lingered as they weighed the implications of Trump appointees and potential tariff policies."
"With homebuilder sentiment hitting a 7-month high and major earnings from Wal-Mart and Nvidia on the horizon, yesterday's measured tone reflected a market waiting for more direction."
In equity news, shares in Thyssenkrupp gained more than 7.5% after narrowing full-year losses and booking a €1bn impairment on its struggling steel division. The firm cut its net loss to €1.5bn from €2bn.
Imperial Brands gained as the cigarette and vape maker reported higher annual profits and cut losses at its new products division, boosted by a sharp jump in revenues.
Big Yellow faltered after releasing a trading update.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN