European stocks open higher, spurred on by gains in Asia-Pacific markets

LONDON —

The pan-European Stoxx 600 was up around 1% shortly after the opening bell, with almost all sectors in positive territory.Sign up for NBC Philadelphia's News Headlines newsletter.These outperforming stocks are still set to soar, analysts say, giving 3 more than 30% upsidewere little changed on Wednesday night after the index broke a four-day winning streak. Traders will be keeping a close eye on the weekly jobless claims report, due Thursday.

Economists polled by Dow Jones anticipate 223,000 initial unemployment claims were filed for the week ending Sept. 21. The final reading of second-quarter gross domestic product is also out in the morning.Several Federal Reserve officials are also slated to speak on Thursday, including Chair Jerome Powell and New York Fed President John Williams.

In Europe, earnings come from H&M Group and data releases include German consumer confidence figures from GfK.

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European Stocks Rise Sharply as Asia-Pacific Markets Gain MomentumThe pan-European Stoxx 600 surged around 1% Thursday, fueled by overnight gains in Asia-Pacific markets. Most sectors were positive, with traders focusing on the weekly jobless claims report and second-quarter GDP figures.
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Asia-Pacific markets set for lower open as investors assess Nvidia results, monitor Asia tech stocksInvestors in Asia will look to stocks in the region that are related to or on Nvidia’s value chain, such as chipmakers and tech stocks.
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