Nvidia profits fail to spark share price rally; UK car production falls ahead of new models – business live

Nvidia profits fail to spark share price rally; UK car production falls ahead of new models – business live

Live coverage as chip company beats analyst expectations but share price falls 7% in after hours trading

European big company share prices have risen to their highest level in six weeks, even if they have hardly been set alight.

The Euro Stoxx 600 index gained 0.4% to reach its highest since 15 July. Since then shares have plunged in that early August slump, and then more than recovered.

European semis are taking Nvidia’s results in their stride, with STMicro, ASML and ASM International up between 0.7%-1.3%.

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