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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Europe open: Shares up as investors mull Nvidia results, await German CPI

(Sharecast News) - European shares opened higher on Thursday as investors awaited flash inflation numbers from Germany and regular eurozone sentiment data and also mulled the impact of earnings overnight from chip giant Nvidia. The pan-regional Stoxx 600 was up 0.2% to 521.66 in early deals.

Nvidia posted better-than-expected quarterly results and upgraded guidance but unsatisfied traders sold the stock as they had been hoping for a stronger performance.

"Investors tend to overstate the importance of one set of quarterly results in the grand scheme of a structural shift like we're seeing with AI. Like many before, this cycle won't be a straight line, but there have been plenty of positives from big tech earnings to suggest the AI train is just getting started," said Hargreaves Lansdown analysts Matt Britzman.

In equity news, shares in British Gas owner Centrica rose as consumers faced the prospect of a 10% jump in energy bills this winter.

IG Group shares were down as Jefferies said late on Wednesday that Tastytrade founders Tom Sosnoff and Scott Sheridan had sold 6.5m shares in a placing to a limited number of institutional investors. Tastytrade was acquired by IG in 2021 for $1bn.

Reporting by Frank Prenesti for Sharecast.com

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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