Overview
- European stocks, led by Germany’s DAX, opened higher on Thursday and topped last week’s high after a tech-led recovery from the US and strong earnings from Siemens, Allianz and Merck.
- Investors took comfort from lower oil prices, with Brent and WTI around $91.2 and $85.2 per barrel, which eased energy-cost fears and supported risk appetite.
- Late Wednesday U.S. reports alleging another extramarital affair by Nvidia CEO Jensen Huang prompted the company’s board to review his future and drove the stock about 9 percent lower in after-hours trade.
- Nvidia’s slide weighed on Asian markets with the Nikkei turning negative and the Kospi falling, highlighting how a single large AI-focused company can reintroduce volatility across global markets.
- Market watchers say the rally’s upside now depends on continued positive German earnings and whether Nvidia’s board and shareholders stabilise leadership, a development that could change short-term flows and sentiment.