Tech, insurance stocks lift STOXX 600 to over one-month high
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
French consumer confidence for August in line with estimates
STOXX 600 up 0.2%
Ageas jumps after H1 results beat estimates
Updated at 0818 GMT
By Pranav Kashyap
Aug 28 (Reuters) -European shares toucheda more-than-one-month high on Wednesday, boosted by technology stocks ahead of Nvidia's results later in the day and as Ageas' better-than-expected results lifted insurance stocks.
The pan-European STOXX 600 index .STOXX rose 0.2% to 520.09 points. It hit its highest level since July 15 earlier in the session.
Technology stocks .SX8P were on investors' radar, advancing 0.5% and was thebiggest boost to the index. AI- darling Nvidia's NVDA.O second-quarter results are due after U.S. trading hours.
Traders in the U.S. equity options market expect the earnings report to spark a more than $300 billion swing in the chipmaker's shares. The sheer size and its position as an industry bellwether mean its earnings, can move the entire market.
The chipmaker's sales likely doubled in the second quarter andeven a slight miss might hurt sentiment.
Nvidia's performance serves as a crucial indicator of markettrends and can impact European companies, particularly those in the technology, automotive, and manufacturing sectors that rely on its semiconductors.
"There's no way to calm investors ahead of Nvidia's earnings because the expectations are just so lofty.. There's bound to be surprises either way," Thomas Gehlen, senior market strategist at SG Kleinwort Hambros said.
"It will cause short-termvolatility,".
On the data front, French consumer confidence for August was at 92, in line with estimates, helping lift the benchmark stock index .FCHI up 0.3%. Unemployment data is due at 1000 GMT.
Consumer price reports from Germany and Spain are scheduled forThursday, with a key inflation print for the Euro zone set to conclude the week.
The European Central Bank meets in two weeks to take a call on borrowing costs, and markets have fully priced in a 25-basis-point cut.
"It's more difficult for the ECB than the Fed to get the policy decisions perfectly right because of the dispersion in growth between economies," Gehlen added.
The insurance sector .SXIP gained 0.7%,the most among sectors, lifted by Ageas' AGES.BR 6.1%jump after the Belgium-based insurer's half-year net operating results beat expectations.
Basic resources .SXPP lost 0.8%after metals prices fell amid concerns about demand.MET/L
Among individual stock moves, Elekta EKTAb.ST jumped 9%, the most on the STOXX 600, after the Swedish radiation therapy equipment maker reported its first-quarter results.
LEG Immobilien LEGn.DE lost 1.8% after the German real estate firm launched a 500 million euro convertible bond offering.
Reporting by Pranav Kashyap in Bengaluru; Editing by Savio D'Souza and Eileen Soreng
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
