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.
Kazakhstan and Germany have agreed to expand cooperation in critical minerals, industry, energy and transport, with Astana seeking a greater German...
Global cholera deaths reached their highest annual level in more than 20 years in 2025, despite a decline in reported cases, according to the World...
Russian state nuclear corporation Rosatom has proposed building a new 1,000-megawatt nuclear power unit in Armenia as Yerevan weighs competing inte...
A Russian guided aerial bomb has struck an apartment building in Kharkiv, injuring 22 people, including children, according to the city’s mayor. The strike follows a day of near-continuous Russian attacks across Ukraine that killed at least five people.
Here's your AnewZ Daily Brief for 28 September 2026. These are the top stories making headlines in technology.
Saudi Foreign Minister Prince Faisal bin Farhan has arrived in Washington for talks with U.S. Secretary of State Marco Rubio on bilateral ties and key regional and international developments, Saudi state news agency SPA reported.
The European Union's decision to simultaneously advance accession talks with Ukraine, Moldova, Montenegro and Albania marks its most ambitious enlargement effort in more than two decades.
U.S. President Donald Trump has denied reports that he offered Iran sanctions relief and access to frozen funds in exchange for nuclear concessions.
In the marshlands of Malluba in southern Azerbaijan, Kamil Mammadov follows a routine that has been passed down through generations. His family has worked with medicinal leeches for centuries, harvesting and breeding a species known as Hirudo orientalis, or the Caucasian medicinal leech.
Baku is hosting the second Azerbaijan International Investment Forum (AIIF 2026) and it’s attracting more interest this year, Azerbaijan’s Deputy Prime Minister told AnewZ. “The agenda is very impressive. More guests, more interest,” he said.
Warren Buffett has stepped down as chairman of Berkshire Hathaway, marking the end of one of the most influential leadership tenures in corporate history and completing a succession process that has been years in the making.
Nigerian billionaire Aliko Dangote launched Africa's biggest-ever share sale on Monday, opening the oil refinery that has remade the country's fuel market to public ownership for the first time.
Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sales, falling profits and intensifying global competition.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment