European shares hit record highs as defensive appeal offsets Nvidia shock Pranav Kashyap Thu, November 12, 2026 at 3:37 AM EST 3 min read ^STOXX +0.42% NVDA -7.04% ^GDAXI +1.09% STOXX Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Investing.com - European shares edged higher on Thursday, striking a fresh record high, as robust corporate earnings and the region's defensive composition offset volatility in technology stocks triggered by mounting leadership turmoil at AI-bellwether Nvidia.
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The pan-European STOXX 600 index rose 0.4%, bringing the gauge to an all-time peak.Germany's DAX rose 1.1%, France's CAC 40 was up 0.6% and London's FTSE 100 was up 0.3%.
The advance extends a durable autumn rally anchored by a highly constructive third-quarter earnings season.
With corporate scorecards continuing to print better-than-expected results, investors have been reassured that European balance sheets remain fundamentally healthy despite months of acute volatility across global bond and energy markets.
Crucially, Europe's traditional "value-oriented" index composition - lacking the heavy concentration of mega-cap technology and artificial intelligence stocks that dominate Wall Street - the STOXX 600 has been largely insulated from the violent rotational swings currently whipping through the global AI trade from New York to Tokyo to Seoul.
However, overall index gains were kept on a tight leash as localized technology shares grappled with severe cross-border headwinds emanating from Silicon Valley.
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European semiconductor and enterprise software stocks, which had enjoyed a robust relief rally in the previous session, turned largely lower on Thursday.
The sector-wide retreat tracked a steep 7.4% drop in Frankfurt-listed shares of Nvidia, as global markets digested the growing prospect that Chief Executive Jensen Huang could be ousted from the company.
The unprecedented corporate governance crisis at the vanguard of the artificial intelligence boom has severely rattled global risk appetite.
Traders are bracing for the release of the UK's third-quarter gross domestic product (GDP) figures, which will provide a definitive scorecard on how the British economy is absorbing the Bank of England's current interest-rate environment.
Simultaneously, financial markets are awaiting updated economic forecasts from the Eurozone.
The regional growth and inflation projections will be heavily scrutinized for clues regarding the European Central Bank's policy trajectory heading into 2027. If the forecasts confirm that the bloc is successfully avoiding a formal recession while inflation continues to cool, the STOXX 600 may find the fundamental runway needed to finally clear its record-high threshold.
Meanwhile, sentiment among European companies has picked up since June, but there are growing concerns about rising inflation and sovereign debt, according to a survey published by BusinessEurope.
European shares hit record highs as defensive appeal offsets Nvidia shock
FTSE 100 nears record high as UK reports robust Q3 growth
