European stocks rose on Friday, catching the tail of an overnight rally on Wall Street, as chipmakers boosted markets and signs emerged from Washington that politicians were approaching a deal on the US debt ceiling.
Europe’s region-wide Stoxx 600 was up 0.5 per cent, France’s Cac 40 added 0.6 per cent and London’s FTSE 100 was 0.7 per cent higher at the open.
The moves come a day after Nvidia announced that its quarterly earnings far exceeded analysts’ expectations, bolstered by soaring demand for chips used in generative artificial intelligence systems.
JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.