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Paris Stocks Edge Higher on AI Calm as Carrefour Targets €1 Billion in Annual Savings

Attention shifts to the Fed’s January minutes for signals on the rate path.

Overview

  • By 09:45 in Paris on Wednesday, the CAC 40 rose 0.38% to 8,393.88 as the market regained poise after recent tech-led swings.
  • A rebound in New York tech shares eased anxiety over massive AI spending, though questions about profitability and business-model disruption persist.
  • Carrefour fell about 4% after outlining a strategy to generate €1 billion in annual savings by 2030, including converting 10 hypermarkets to fresh and discount formats and expanding AI use.
  • Traders await the Fed’s January minutes at 20:00 Paris time, with US PCE inflation and GDP due Friday seen as key catalysts for rate expectations.
  • Dassault Systèmes rebounded 4.82% on Tuesday after a 10% slump Monday, yet the stock remains down roughly 30% since the start of the year.