European stocks gain as oil drops ahead of Nvidia results
European stocks rose slightly amid declining oil prices and bond yields. Investors are awaiting Nvidia's Q2 earnings report and the U.S. inflation data. The Stoxx 600 index increased by 0.1%, while Brent crude fell by over 2%, reaching around $86 per barrel, reflecting expectations of increased oil flows in the Middle East. Technology stocks declined by 0.2%, while the energy sector performed the worst, dropping by 1.1%. This comes as market participants await Nvidia's results to gauge spending strength on artificial intelligence and given the stable interest rates in the United States.
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