European markets mixed on Nvidia boost, Middle East caution

European stock markets opened mixed on Thursday, with Nvidia's strong outlook boosting tech shares while investors remained cautious on Middle East developments and economic data. In Paris, the CAC 40 fell 0.23% to 8,442.73 points, Frankfurt's Dax rose 0.13%, and London's FTSE 100 dropped 0.42%. Nvidia's better-than-expected forecasts reassured investors about AI spending, while French producer prices rebounded 1.1% in July. Iran and Oman are finalizing a Strait of Hormuz agreement, and Qatar's prime minister visits Tehran Thursday. Pernod Ricard fell 1.3% on flat 2027 sales guidance, and Novo Nordisk dropped 1.8% after Deutsche Bank downgraded it to "sell."