US stock markets climbed on Wednesday, driven by optimism over Big Tech profits, while European indices declined.
Oil prices also rose in anticipation of an upcoming OPEC meeting, and the dollar strengthened slightly against major currencies.
Investors closely monitored US chipmaker Nvidia, which has become a key indicator for tech stocks. The firm is navigating strong demand from AI development alongside ongoing US semiconductor export restrictions to China .
Nvidia shares dipped at the opening bell on Wednesday, following a sharp rise the previous day ahead of its earnings report. The tech-heavy Nasdaq edged up by 0.3.
"This is expected to be another quarter of massive revenue for Nvidia, but it raises the familiar question - can this momentum continue?" said Kathleen Brooks, research director at XTB.