Rentokil Initial leads FTSE 100, Halfords and Wickes surge 08:16 , Graeme Evans The FTSE 100 index has risen 18.57 points to 8522.28, with Nvidia backer Scottish Mortgage Investment Trust up 13.
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In Europe, the Stoxx Europe 600 gained 0.2% in morning trading. Sartorius Pfd. climbed 12.5% and Sartorius Stedim Biotech rose 11.9%. On the other hand, Genmab slipped 7.6%, and RS Group sunk 7.3%. The FTSE 100 added 0.2%. Other stocks in Europe were mixed as France's CAC 40 decreased 0.3% and Germany's DAX rose 0.2%.
The emergence of DeepSeek hit US tech hard on Monday, but the sell-offs spread to power stocks too. Constellation Energy and GE Vernova fell 21% and 22%. The pair are 4.0% and 2.7% higher in pre-market dealings in New York.
Nvidia and other U.S. tech stocks are steadying a day after tumbling on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it. The S&P 500 was 0.2% higher in early trading Tuesday.
Nvidia rose 2.3%, recovering some of its nearly 17% plunge the day before, its worst since the 2020 Covid crash. Broadcom, was up 3.3% in early trading following a 17.4% decline a day earlier. Software maker Oracle,
European and US markets were in positive territory as investors continue to digest the potential impact of DeepSeek.
The Nasdaq and S&P 500 were rattled by claims by China's DeepSeek that its AI assistant uses cheaper chips and less data than leading models, but performs equally well. A surge in DeepSeek's popularity has spurred investors to question bets that AI demand-driven growth will keep fuelling gains for stocks.