European stocks were steady on Thursday following their worst two-day selloff since March, powered by strong projections from the world's most valuable listed chipmaker, Nvidia
added 0.1% after shedding about 2.5% in the past two days, triggered by a selloff in luxury stocks and lack of progress in talks to raise the U.S. debt ceiling and avert a default."The moves in the market in the last couple of days have been a combination of a number of things. You still have inflation stickiness in the UK, that's putting concerns on interest rates.
"The US debt ceiling is headline at the moment - the uncertainty that it is bringing to the markets is incredibly difficult to navigate. On the flip side, what is giving support to markets is the real resilience in earnings and consumers."
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