European stocks hover near six-week highs as investors await Nvidia's earnings release.

On August 29th, Jinshi Data reported that the European Stoxx 600 index closed up 0.3%, and is now less than 1% away from the record high set in May. European stocks have recovered from the decline since August, as investors bet that the Fed is preparing to cut interest rates, and the economy can also avoid recession. This week, the market is focused on Nvidia’s earnings report to be released after the market, as well as inflation data. “It’s hard to imagine what other financial reports are more anticipated than Nvidia, and people are really worried,” said Neil Birrell, Chief Investment Officer of Premier Miton Investors. “There is no doubt that the stock market will be driven by the technology industry in the next few days, whether it is good or bad, depends on what Nvidia will say.” Seasonal factors are also not favorable for European stock indexes. The index has fallen an average of about 1.9% in September in the past five years, the largest monthly decline.