(Reuters) – European shares rose on Thursday, with media and technology stocks boosting the index, resisting a global decline after Nvidia’s quarterly results failed to impress investors.
The European index rose 0.2% by 0712 GMT.
Media stocks rose 0.5%, led by a 2.3% jump in Universal Music Group (AS:).
The technology sector rose 0.3%, boosting the index as European investors shrugged off Nvidia’s quarterly outlook, which failed to meet global investors’ high expectations.
In contrast, the oil and gas sector fell by 0.2%, affected by a decline in Equinor shares by about 2%.
Spain’s benchmark index rose 0.1% after data showed inflation fell to 2.4% in August.
European economic and business sentiment data is due at 0900 GMT, while German consumer price figures are expected at 1200 GMT.
Markets will also await comments from European Central Bank Chief Economist Philip R. Lane, who is due to give a seminar at 0915 GMT.
Other ECB vice-governors like Ino Bungee (NYSE:) and Ollie Rehn also participate in the panel discussions.
Among other moving stocks, Pernod Ricard Iba shares rose 2% after the Western spirits maker reported full-year sales that were largely in line with expectations.
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