European shares steady as Nvidia forecasts 70% revenue growth, offsetting sector weakness

European shares were little changed on Thursday as Nvidia’s forecast of a 70% revenue jump in the next fiscal year lifted technology stocks, offsetting declines in consumer goods, chemicals and autos. The pan-European STOXX 600 fell 0.07% to 655.95 points at 0709 GMT. Technology stocks rose 1.5%, led by gains of 4.3% to 4.9% in AT&S, Technoprobe and Computacenter. Oil prices dropped more than $1 amid expectations that talks between Qatar and Iran could reopen the Strait of Hormuz and ease supply disruptions linked to the war in the Middle East.

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