European markets edge up as oil falls; US inflation and Nvidia results in focus

ilsole24ore.com (Italian)

European stock markets opened slightly higher on Wednesday, supported by a continued decline in oil prices. Investors are awaiting key US inflation data and Nvidia's quarterly earnings. The Brent crude benchmark fell below $87 per barrel, easing inflation concerns. Asian chipmakers rallied ahead of Nvidia's results, while European indices like Milan's FTSE MIB and Paris's CAC 40 posted gains. The US PCE inflation report is expected to show core prices stabilizing at 3.3%. Oil's 8.5% weekly drop followed Iran-Oman talks on shipping through the Strait of Hormuz. Gold slipped 0.3% to $4,645 an ounce, while the euro traded flat at $1.1667.


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