{"id":379738,"date":"2025-08-28T07:26:12","date_gmt":"2025-08-28T07:26:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/379738\/"},"modified":"2025-08-28T07:26:12","modified_gmt":"2025-08-28T07:26:12","slug":"europe-markets-on-thurs-aug-28-nvidia-beat","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/379738\/","title":{"rendered":"Europe markets on Thurs Aug. 28: Nvidia beat,"},"content":{"rendered":"

European stock markets opened higher on Thursday, as investors assess an above-consensus quarterly earnings report from tech giant Nvidia<\/a>.<\/p>\n

The U.S.-listed firm, which makes products for tech giants including Microsoft<\/a>, Google<\/a>, Meta<\/a> and Amazon<\/a>, said sales growth this quarter will remain above 50% in a sign of the continued resilience of the artificial intelligence boom. Fiscal second-quarter revenue came in just above expectations, at $46.74 billion.<\/p>\n

The company’s shares nevertheless slipped in after hours trading after\u00a0data center revenue\u00a0missed estimates and concerns rose over the future of Nvidia’s China sales.<\/p>\n

\"Nvidia<\/a>Nvidia beats on top and bottom lines. Here’s why the stock is falling<\/a><\/p>\n

In Europe, French spirits giant Pernod Ricard<\/a> reported a 3% decline in sales for the full-year<\/a>. Performance was pulled down by weak consumer sentiment in China and tariff uncertainty in the U.S. impacting distributor inventories. Shares rose 5% in early deals.<\/p>\n

British renewable energy group Drax<\/a> meanwhile dropped 11% after the company announced it was being investigated by U.K. regulators. The probe relates to statements made about its biomass sourcing between January 2022 and March 2024, and the compliance of its 2021, 2022 and 2023 annual reports with listing, disclosure and transparency rules.<\/p>\n

The pan-European Stoxx 600<\/a> index was up 0.25% shortly after the open.<\/p>\n

In the auto sector, data from the European Automobile Manufacturers Association showed European Union new car registrations rose by an annual 7.4% in July<\/a>, notching a 39.1% increase in the number of battery-electric vehicles.<\/p>\n

The figures highlighted the strong year-to-date growth of Chinese EV-maker BYD, which has recorded a 290.6%\u00a0hike\u00a0in new registrations\u00a0over the January-July period, by far the highest of any manufacturer. European – including U.K. –\u00a0registrations for\u00a0BYD’s\u00a0U.S. rival Tesla<\/a> are down 33.6%\u00a0over the same stretch, according to the EAMA.<\/p>\n

EU consumer and economic sentiment figures are due out later on Thursday, ahead of inflation prints from France, Germany, Spain and Italy on Friday.<\/p>\n

\u2014 CNBC’s Kif Leswing contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"European stock markets opened higher on Thursday, as investors assess an above-consensus quarterly earnings report from tech giant…\n","protected":false},"author":2,"featured_media":379739,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[124847,20955,5189,51,3085,7426,1395,41782,7425,15345,32,132256,4750,1700,36,37,1880,15158,1824,20957,2199,130136,17178,130137,2441,15251,15253,24920,8572,130138,40967,47724,3741,5191,15254,16,15,49],"class_list":{"0":"post-379738","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-alphabet-class-a","9":"tag-amazon-com-inc","10":"tag-breaking-news-europe","11":"tag-business","12":"tag-business-news","13":"tag-cac-40-index","14":"tag-china","15":"tag-commerzbank-ag","16":"tag-dax","17":"tag-deutsche-bank-ag","18":"tag-donald-trump","19":"tag-drax-group-plc","20":"tag-economic-events","21":"tag-economy","22":"tag-france","23":"tag-francois-bayrou","24":"tag-ftse-100","25":"tag-ftse-mib","26":"tag-germany","27":"tag-goldman-sachs-group-inc","28":"tag-italy","29":"tag-jde-peets-nv","30":"tag-jerome-powell","31":"tag-keurig-dr-pepper-inc","32":"tag-markets","33":"tag-meta-platforms-inc","34":"tag-microsoft-corp","35":"tag-nasdaq-100-index","36":"tag-nvidia-corp","37":"tag-pernod-ricard-sa","38":"tag-puma-se","39":"tag-rhode-island","40":"tag-sp-500-index","41":"tag-stoxx-600","42":"tag-tesla-inc","43":"tag-uk","44":"tag-united-kingdom","45":"tag-united-states"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/379738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=379738"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/379738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/379739"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=379738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=379738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=379738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}