Aug 27 (Reuters) – European shares edged higher on Wednesday, recovering from their largest drop in nearly a month, as investors weighed political risks in France and awaited earnings from artificial intelligence behemoth Nvidia for cues.The pan-European STOXX 600 index (.STOXX), opens new tab rose 0.4% by 0707 GMT. France’s CAC 40 (.FCHI), opens new tab also gained 0.4%, following a three-week low hit in the prior session after concerns over a potential collapse of Prime Minister Francois Bayrou’s government sparked a selloff in French assets.
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Stock indexes in Germany (.GDAXI), opens new tab, Italy (.FTMIB), opens new tab and Spain (.IBEX), opens new tab added between 0.1% and 0.3%.Investors are awaiting earnings from Nvidia (NVDA.O), opens new tab, the world’s most valuable company, for fresh cues on the AI trade, after this year’s biggest stock market rally hit a speed bump in August.A survey on Wednesday showed sentiment among German consumers is expected to fall for the third time in a row in September, with households’ growing concerns about possible job loss and uncertainty about inflation weighing on the mood.Shares of Orsted (ORSTED.CO), opens new tab and Novo Nordisk’s (NOVOb.CO), opens new tab, which have lagged this week, climbed 3.5% and 2%, respectively.
Reporting by Medha Singh in Bengaluru; Editing by Janane Venkatraman
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