European stocks up as investors focus on Nvidia earnings and PMI data

From Investing.com: 2024-05-23 03:28:17

European stock markets saw slight gains, fueled by Fed minutes, Nvidia earnings, and eurozone data. Concerns over U.S. inflation remain as Fed officials hint at delayed rate cuts. Eurozone interest rate cut expected. U.K. market reacts to announcement of July 4th general election by Prime Minister Sunak. 

Nvidia impresses with strong Q1 earnings and optimistic revenue guidance. Stock split and dividend increase announced. Hargreaves Lansdown rejects PE offer, stock soars. Wizz Air returns to profit, stock rises. 

Crude prices drop as Fed minutes suggest high interest rates will continue. WTI crude at $77.34/barrel, Brent crude at $81.72/barrel. Higher interest rates could impact economic growth and oil demand. U.S. crude stocks rise by 1.8 million barrels, contrasting with expected draw. Gold rises while euro falls.



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