European Shares Rise Despite Nvidia's Slump, Bond Yields Drop on Soft Inflation Data

European shares gained 0.7%, countering Wall Street's disappointment with Nvidia's results. German and Spanish inflation data led to a fall in bond yields and the euro. Asian tech stocks dropped, while China's economic recovery remains frail. U.S. Fed and ECB outlooks continue to drive market sentiment.

European shares gained 0.7% on Thursday, overcoming Wall Street's disappointment with Nvidia's results. Soft German and Spanish inflation data influenced bond yields and the euro to fall. Despite Nvidia forecasting $32.5 billion in third-quarter revenue, investors were unimpressed with the tech giant's performance.

Banks expect a high opening for Wall Street, with many other market factors under scrutiny. German 10-year Bund yields and the euro fell as inflation data from Germany and Spain showed declines. Notably, Spain's annual inflation hit a year-low at 2.4%, affecting market movements significantly.

Asian markets experienced a rough session, with major tech stocks like South Korea's and Taiwan's falling. China attempted economic stabilization through bond buy-ups amidst frail recovery signs. Meanwhile, geopolitical tensions and central bank updates continue to impact global market sentiment.

(With inputs from agencies.)