LONDON — European markets inched higher as trading began on Thursday as investors looked to economic data from across the region and assessed the tech sector after Wednesday’s Nvidia earnings release.
The pan-European Stoxx 600 was 0.14% higher at 8:07 a.m. London time, with major regional bourses being mixed. Chemicals added 0.46%, while oil and gas stocks pulled back slightly.
That comes after the Stoxx 600 closed higher on Wednesday.
On the data front in Europe, preliminary inflation figures for August are set to come from Spain and Germany. Euro area economic sentiment insights are also expected.
Investors were closely watching the tech sector after artificial intelligence heavyweight Nvidia posted its latest quarterly results. The AI chipmaker beat expectations and issued stronger-than-expected guidance for the ongoing quarter, but traders had been hoping for a stronger beat.
Nvidia shares dropped in extended trading following the earnings release. Investors will be watching for any spillover into the wider tech, AI and chips sector.
Asia-Pacific markets pulled back on Thursday, with the tech sector dragging some regional indexes. U.S. futures were last mixed after a losing session on Wednesday.
