European stocks rose on Thursday, with the Stoxx 50 up 0.6% and the Stoxx 600 up 0.4%, as investors digested Nvidia's latest earnings. The US chipmaker forecast sales growth above 50% this quarter, signaling ongoing AI demand, though its shares slipped after data center revenue missed forecasts and concerns grew over China sales.
In Europe, Pernod Ricard gained 5% despite a 3% annual sales drop, weighed by weak China demand and US tariff risks. On the other hand, Drax plunged 11% after UK regulators launched a probe into its biomass sourcing disclosures.
Meanwhile, auto sector data showed EU car registrations rose 7.4% in July, with battery EV sales jumping 39%. Chinese EV-maker BYD led with a 291% surge in registrations so far this year, while Tesla's European sales fell 34%.
Source: Trading Economics
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