European Shares Rise on Tech Gains

European shares saw a modest increase, with the pan-European STOXX 600 index rising 0.2% amid gains in media and technology sectors, despite a global dip following Nvidia's less-than-expected quarterly results. The technology sector was particularly boosted by anticipation of Nvidia's financial performance, while the oil and gas sector faced declines, influenced by key players like Equinor. Meanwhile, the travel sector experienced significant growth, with Spain leading a resurgence in bookings as part of a global travel market boom worth $1.5 trillion. The euro's strengthening against the US dollar contributed to this growth, particularly impacting Spain's travel market activity. Investors remain cautious as they await key economic data from Europe and the US, which may influence central bank policies ahead of rate decisions in September. The overall sentiment reflects a complex landscape balancing optimism in certain sectors against broader economic uncertainties.