European stocks rose 0.75% after hitting a record high powered by technology shares. MSCI's gauge of stocks across the globe rose 0.28% to 829.66.
"Interestingly, Nvidia did as well as anybody expected. They did even better, I would say they even crushed the numbers," said Mark Malek, chief investment officer at SiebertNXT in New York. The U.S. economy grew at a 3.0% annualized rate last quarter, according to Commerce Department data on Thursday, indicating that the Federal Reserve would have room to begin cutting rates in September.
Investors are also eyeing the personal consumption expenditure price index - which is the Fed's preferred inflation measure - is due on Friday.
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