Europe markets decline; Energy firm Drax down 10% on probe into past statements

Aug 28, 2025 | Uncategorized

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European stock markets were lower on Thursday, as investors assess an above-consensus quarterly earnings report from tech giant Nvidia

The U.S.-listed firm, which makes products for tech giants including MicrosoftGoogleMetaAmazon

The company’s shares nevertheless slipped in after hours trading after data center revenue missed estimates and concerns rose over the future of Nvidia’s China sales.

Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. Jan. 6, 2025. 
Nvidia beats on top and bottom lines. Here’s why the stock is falling

In Europe, French spirits giant Pernod Ricard3% decline in sales for the full-year. Performance was pulled down by weak consumer sentiment in China and tariff uncertainty in the U.S. impacting distributor inventories. Shares rose 5% in morning trade.

British renewable energy group Drax

The pan-European Stoxx 600

In the auto sector, data from the European Automobile Manufacturers Association showed European Union new car registrations rose by an annual 7.4% in July, notching a 39.1% increase in the number of battery-electric vehicles.

The figures highlighted the strong year-to-date growth of Chinese EV-maker BYD, which has recorded a 290.6% hike in new registrations over the January-July period, by far the highest of any manufacturer. European – including U.K. – registrations for BYD’s U.S. rival Tesla

EU consumer and economic sentiment figures are due out later on Thursday, ahead of inflation prints from France, Germany, Spain and Italy on Friday.

— CNBC’s Kif Leswing contributed to this report.

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