European stocks rise on optimism

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.

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