Carrefour drops as Nikkei climbs on AI boost
European stocks continued to stabilize, with a focus on company earnings results and tensions in France that affected investor sentiment. Carrefour lowered its full-year profit forecast due to riots and looting that disrupted operations, leading to a 12.5% drop in its stock. Meanwhile, shares of other companies such as Randstad and Isaac Luxotica rose after reports of revenue growth. Inflation concerns in the UK also boosted expectations of interest rate hikes. In Asia, the Nikkei index rose by 0.85%, supported by a rebound in demand for artificial intelligence technologies, after companies like SpaceX, ByteDance, Alibaba, and Tencent placed large orders for graphics processing units from Nvidia. Most stocks performed well, despite some declines in others.
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