European markets set for a positive opening, tracking Wall Street up – NBC Los Angeles

This is CNBC’s live blog on European markets.

European stocks are set for a positive opening day on Tuesday, with global markets broadly posting gains on Wall Street.

According to IG data, Britain’s FTSE 100 index is expected to open 40 points higher at 8,324, Germany’s DAX is expected to open 86 points higher at 19,586, France’s CAC is expected to open 27 points higher at 7,621 and Italy’s FTSE MIB is expected to open 125 points higher at 34,653.

The positive start for Europe comes after gains on Wall Street that saw the Dow Jones Industrial Average and S&P 500 hit new intraday highs and record closes. Dow Jones Industrial Average futures were nearly unchanged Monday evening.

Asia-Pacific markets were mixed overnight, but regional chip stocks rose, boosted by Nvidia’s share price, which rose 2.4% on Monday before closing at a record high.

In Europe, earnings from LVMH and Ericsson are expected on Tuesday. Data releases include the latest UK unemployment figures, French inflation data and the European and German ZEW economic sentiment index.

Netflix and more: Jefferies names stocks that will benefit from a $60 billion anime boom

The popularity of anime – or animation produced in Japan – has surged in recent years, and several global entertainment companies are leading the way, according to Jefferies.

“Many companies are now positioning anime-related businesses as a core part of their growth strategies,” the investment bank’s analysts said in an Oct. 9 stock report.

Looking ahead, they expect the market to double from $31.2 billion in 2023 to $60.1 billion in 2030, according to estimates from Grand View Research.

CNBC Pro subscribers can click here to learn about three stocks Jefferies expects to benefit.

—Amala Balakrishner

Nvidia reaches new record closing high

Nvidia shares ended Monday’s session at an all-time high, pushing the chipmaker’s market capitalization above $3.4 trillion.

The stock rose 2.4% to end the session at $138.07, surpassing its previous closing high of $135.58 set on June 18. Shares are now up more than 178% in 2024 alone as the artificial intelligence boom continues to take Wall Street by storm.

Nvidia is the second most valuable publicly traded US company. It currently trails Apple, which has a market cap of about $3.55 trillion.

—Alex Harring, Kif Leswing

European markets: Here are the opening discussions

European markets are expected to open mixed on Monday.

According to IG data, the UK’s FTSE 100 index is expected to open 12 points lower at 8,240, the German DAX down 7 points at 19,351, the French CAC down 12 points at 7,568 and the Italian FTSE MIB down 6 points at 34,144.

There are no major earnings or data releases on Monday.

– Holly Ellyatt