European shares climbed on Thursday, as a relief rally swept through global markets after artificial intelligence (AI) bellwether Nvidia reported strong earnings, while investors awaited the release of delayed U.S. jobs data.
The pan-European STOXX 600, was up 0.7% at 565.85 points as of 0938 GMT.
Bourses in Germany and France, also rose about 0.8% each.
Chip designer Nvidia's blowout quarterly results and positive outlook come at a crucial time for investors, who have been rattled in recent weeks by fears of an AI bubble.
Nvidia's results temporarily eased investor anxiety, with the company's shares rising 5.5% in U.S. premarket trading.
"The strong results do not erase AI bubble fears, but rather push them below the surface, offering a brief reprieve for markets," said Daniela Hathorn, senior market analyst at Capital.com.
The rebound among chipmakers was further fuelled by reports that the U.S. may delay its planned 100% tariffs on semiconductor imports to ease tensions with China.
The European tech index climbed 1.2%, with Infineon and ASML gaining about 2% each.
AI equipment makers that have benefited from the technology boom, such as Schneider Electric and Siemens Energy were up 2% and 4%, respectively.
Europe's defence index was up 2.1%, having slid nearly 3% on Wednesday on signs of a fresh U.S.-led push to end the Russia-Ukraine war.
On the financials side, European banking stocks were among the biggest gainer on the index, up more than 1.3% each.
"At a time where there is so much focus and emphasis placed on the tech sector, financials and banks have been steadily creeping up in the shadows," Hathorn said.
BNP Paribas gained 5.7% after the French bank raised its CET1 ratio target, a gauge of financial stability, to 13% by 2027.
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.
Analysts say the coming U.S. figures could offer clues on the Federal Reserve's next steps, with weaker labour-market data potentially reinforcing expectation of an interest-rate cut.
Geopolitical developments between Russia and Ukraine also remain on investors' radar, alongside a full data calendar in the Eurozone led by the Consumer Confidence Index.
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Britain’s government outlined plans on Tuesday (21 April) to reduce household energy bills by encouraging wind and solar producers to adopt long-term fixed contracts.
The architect of the modern K-pop boom, Bang Si-hyuk, is facing arrest by South Korean police over claims he illegally gained millions in an investor fraud scheme.
China's domestic automakers have a message for the boardrooms of premium German brands such as Porsche, Mercedes-Benz, and BMW: We are coming for your customers, and we are armed with superior technology at a fraction of the cost.
Prospects for new peace talks between Iran and the U.S. are “dim,” with both sides operating on false assumptions, a political analyst told AnewZ.
Iran accuses the United States of breaching a ceasefire after a commercial ship was seized in the Gulf of Oman, vowing retaliation, as Israel warns south Lebanon residents to avoid restricted areas.
Progessive Bulgaria, led by pro-Russian Eurosceptic Rumen Radev is on track to form Bulgaria’s next government, after official results showed a runaway victory for the coalition in the Balkan nation's parliamentary elections on Monday (20 April).
Pakistan is confident it can bring Iran to talks with the United States, a senior official said, citing “positive signals” from Tehran, as JD Vance is reportedly set to visit Islamabad on Tuesday for peace talks, according to Axios.
A powerful 7.5 magnitude earthquake has struck off Japan’s north-eastern coast, triggering urgent tsunami warnings with waves of up to 3 metres expected, prompting residents to seek immediate safety.
Blue Origin, the U.S. space company of billionaire Amazon founder Jeff Bezos, successfully reused and recovered a booster for its New Glenn rocket launched from Florida on Sunday (19 April), in the latest chapter of its intensifying rivalry with Elon Musk’s SpaceX.
China's domestic automakers have a message for the boardrooms of premium German brands such as Porsche, Mercedes-Benz, and BMW: We are coming for your customers, and we are armed with superior technology at a fraction of the cost.
Tim Cook, the tech boss who led Apple to become a $4 trillion company in its post-Steve Jobs era, is stepping down after 15 years in the top job. John Ternus, an Apple veteran of 25 years, who is currently the U.S. company’s Vice President of Hardware Engineering, will take over from September.
Netflix shares fell sharply on Friday after the streaming group issued a weaker-than-expected outlook and said chairman and co-founder Reed Hastings will step down from the board.
The Middle East crisis is reshaping transport choices worldwide, turning electric vehicles from a long-term climate goal into an immediate economic calculation.
China’s export growth slowed sharply in March, as the fallout from the Middle East conflict pushed up energy and shipping costs, weakening global demand and exposing risks in Beijing’s reliance on manufacturing to drive growth.
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