European stocks rebound as traders eye Nvidia earnings

European opened higher Wednesday as traders gear up for a quarterly earnings report from chipmaker Nvidia.The Nasdaq-listed stock has become a bellwether for the global nology sector, particularly regarding the gress of the artificial intelligence boom, as its major corporate customers include Microsoft, Google, Meta and Amazon.Its value has soared in recent years, giving it the biggest weighting in the S&P 500 and an outsized influence on U.S. market performance

The company will report after U.S. close on Wednesday.Nvidia faces Wall Street's high expectations two years into AI boomFrance's CAC 40 index rebounded 0.4% ing a 1.6% decline on Tuesday

However, it's been a relatively strong month overall for the regional index, which has gained nearly 1.5% for its best month since May's global equity rally.Stock Chart IconStock chart iconStoxx 600 index.Gains were broad-based on Wednesday, with household goods, autos, media and mining stocks all up by around 0.6%

Banks slipped 0.2%, while chemicals dropped 0.4%.U.S. futures were slightly higher in the early hours, as investors looked past President Donald Trump's unprecedented move earlier in the week to fire Federal Reserve Governor Lisa Cook from the central bank's board.Fed responds to Trump effort to fire Lisa Cook, notes president needs 'cause' Asia-Pacific traded mixed on Wednesday, after data showed China's industrial fits slipped 1.5% year on year in July, a notable recovery ing months of steeper declines

In India, where are closed for a holiday, steep U.S. tariffs totaling 50% are set to take effect.— CNBC's Lee Ying Shan contributed to this story.