European shares advance as Nvidia earnings light up global markets

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20/11/2025 08:03

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Nov 20 (Reuters) -
European shares climbed on Thursday as a relief rally swept through global markets after AI bellwether Nvidia reported  strong earnings, while investors awaited the release of
delayed
 U.S. jobs data.

The pan-European STOXX 600 .STOXX was up 1% at 567.64 points as of 0808 GMT. Bourses in Germany .GDAXI and France .FCHI also up more than 1% each.

Nvidia's NVDA.O blowout quarterly results and positive outlook came at a crucial time for investors, who have been rattled in recent weeks by fears of a global AI bubble.

Although those concerns still persist, Nvidia's latest results temporarily eased investor anxiety, with the company's Frankfurt-listed shares NVDA.F rising 6.2%.

The European tech index .SX8P climbed 1.8%, with Infineon IFXGn.DE and ASML ASML.AS gaining 2.8% each.

AI equipment makers that have benefited from the technology boom such as Schneider Electric SCHN.PA and Siemens Energy ENR1n.DE were up 2% and 4%, respectively.

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.

Among others, BNP Paribas BNPP.PA gained 5.7% after the French bank raised its CET1 ratio target, a gauge of financial stability, to 13% by 2027.

 (Reporting by Anastasiia Kozlova and Johann M Cherian)

 ((Anastasiia.Kozlova@thomsonreuters.com;))