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European stocks traded higher for a third consecutive session on Wednesday in a build-up in expectations over Nvidia's earnings release later in the day. The world's most valuable chipmaker will report its second-quarter earnings after the closing bell on Wall Street.
European stocks look set to open mostly lower on Thursday, with the BOE rate decision later in the day and Friday's U.S. jobs report likely to be in focus. The Bank of England is expected to increase interest rates by 25 basis points to 5.
European stocks fell on Thursday to touch three-week lows after Eurozone's Services PMI was finalized at a six-month low of 50.9 in July. U.K. services growth cooled to a six-month low in July and German exports data disappointed, adding to concerns around slowing growth.
European stocks fell sharply on Wednesday after Fitch downgraded the U.S. government's credit rating from AAA to AA+, citing fiscal deterioration and repeated debt ceiling standoffs.
French stocks rallied on Thursday, with Fed rate pause optimism and a slew of upbeat earnings boosting investor sentiment. The benchmark CAC 40 was up 108 points, or 1.