European Shares Slip Despite Nvidia-Fueled Tech Rally

2026-08-27 10:34 By Joana Ferreira 1 min. read

European shares edged lower on Thursday, with the STOXX 50 falling 0.3% and the broader STOXX 600 down 0.4%, as a Nvidia-driven rally in technology stocks failed to offset broader market weakness.

Oil prices also paused their recent decline, while uncertainty over a deal to reopen the Strait of Hormuz added to investor caution.

AI-related stocks remained among the strongest performers after Nvidia's upbeat sales outlook eased concerns over stretched valuations in the sector.

ASML Holding gained 1%, ASM International rose 2.4%, Siemens Energy advanced 2.7%, SAP added 1.6%, and STMicroelectronics surged 4%.

Meanwhile, personal and household goods, chemicals, and food and beverage stocks fell between 1% and 1.5%.

Among individual movers, Pernod Ricard dropped 7% after reporting a larger-than-expected decline in sales, while Delivery Hero gained 0.3% after raising its 2026 outlook.

Investors now await Fed Chair Kevin Warsh's Jackson Hole speech on Friday.



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European Shares Slip Despite Nvidia-Fueled Tech Rally
European shares edged lower on Thursday, with the STOXX 50 falling 0.3% and the broader STOXX 600 down 0.4%, as a Nvidia-driven rally in technology stocks failed to offset broader market weakness. Oil prices also paused their recent decline, while uncertainty over a deal to reopen the Strait of Hormuz added to investor caution. AI-related stocks remained among the strongest performers after Nvidia's upbeat sales outlook eased concerns over stretched valuations in the sector. ASML Holding gained 1%, ASM International rose 2.4%, Siemens Energy advanced 2.7%, SAP added 1.6%, and STMicroelectronics surged 4%. Meanwhile, personal and household goods, chemicals, and food and beverage stocks fell between 1% and 1.5%. Among individual movers, Pernod Ricard dropped 7% after reporting a larger-than-expected decline in sales, while Delivery Hero gained 0.3% after raising its 2026 outlook. Investors now await Fed Chair Kevin Warsh's Jackson Hole speech on Friday.
2026-08-27
European Shares Muted as Nvidia Boosts AI Stocks
European shares were largely subdued on Thursday, with the STOXX 50 edging 0.1% higher and the broader STOXX 600 slipping 0.2%. AI-related stocks, however, rallied after Nvidia's upbeat sales forecast eased concerns over the sector's stretched valuations. ASML Holding gained 1.5%, while ASM International advanced 2.7%. Siemens Energy, which supplies turbines used in data centers, rose 2.3%, and software group SAP added 1%. Chipmaker STMicroelectronics was among the strongest performers, surging 3.5%. Energy majors fell as oil prices continued to decline, while miners also slipped. Among individual movers, French spirits group Pernod Ricard dropped 1.5% after reporting a larger-than-expected decline in sales. Germany's Delivery Hero edged 0.4% higher after raising its 2026 outlook. Investors will also focus on the Jackson Hole meeting, which begins Thursday, with Fed Chair Kevin Warsh set to speak Friday.
2026-08-27
European Stocks Set for Positive Open
European equity markets were set to open higher on Thursday as Nvidia’s strong sales outlook lifted sentiment toward artificial intelligence and the broader technology sector. However, traders remained cautious as stronger-than-expected US inflation data reinforced expectations for a Federal Reserve interest rate hike before year-end. In Europe, investors will assess German consumer confidence and French PPI and unemployment figures, alongside Eurozone credit activity data. The ECB’s Monetary Policy Meeting Accounts will also be closely examined for clues on the region’s interest rate outlook. In corporate news, French spirits maker Pernod Ricard said it expects sales growth to come in at the lower end of its forecast range over the next few years amid continued weakness in its key US market. In premarket trade, Euro Stoxx 50 futures gained 0.3%.
2026-08-27