European stocks rebound as traders eye Nvidia earnings

European stocks rebound as traders eye Nvidia earnings


European markets opened higher Wednesday as traders gear up for a quarterly earnings report from chipmaker Nvidia.

The Nasdaq-listed stock has become a bellwether for the global technology sector, particularly regarding the progress of the artificial intelligence boom, as its major corporate customers include Microsoft, Google, Meta and Amazon.

Its value has soared in recent years, giving it the biggest weighting in the S&P 500 and an outsized influence on U.S. market performance. The company will report after U.S. markets close on Wednesday.

Nvidia CEO Jensen Huang attends the "Winning the AI Race" Summit in Washington D.C., U.S., July 23, 2025.

Nvidia faces Wall Street’s high expectations two years into AI boom

France’s CAC 40 index rebounded 0.4% following a 1.6% decline on Tuesday. Investors were spooked by the potential for a fresh period of political instability and inability to pass a 2026 budget after opposition parties said they would not back Prime Minister Francois Bayrou in a confidence vote next month.

The pan-European Stoxx 600 has fallen in both of the last two sessions. However, it’s been a relatively strong month overall for the regional index, which has gained nearly 1.5% for its best month since May’s global equity rally.

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Stoxx 600 index.

Gains were broad-based on Wednesday, with household goods, autos, media and mining stocks all up by around 0.6%. Banks slipped 0.2%, while chemicals dropped 0.4%.

U.S. futures were slightly higher in the early hours, as investors looked past President Donald Trump’s unprecedented move earlier in the week to fire Federal Reserve Governor Lisa Cook from the central bank’s board.

Jerome Powell, chairman of the US Federal Reserve, left, and Lisa Cook, governor of the US Federal Reserve, during the Federal Reserve Board open meeting in Washington, DC, US, on Wednesday, June 25, 2025.

Fed responds to Trump effort to fire Lisa Cook, notes president needs ’cause’

Asia-Pacific markets traded mixed on Wednesday, after data showed China’s industrial profits slipped 1.5% year on year in July, a notable recovery following months of steeper declines. 

In India, where markets are closed for a holiday, steep U.S. tariffs totaling 50% are set to take effect.

— CNBC’s Lee Ying Shan contributed to this story.



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