European markets stabilized on Wednesday morning after experiencing losses due to concerns that AI stocks may be overvalued. Investors are keenly awaiting the latest results from US chipmaker Nvidia, a key player in the AI sector. Additionally, Japanese media reported that China has suspended seafood imports from Japan amid diplomatic tensions. A US judge also ruled that Meta does not hold a monopoly.

France's TotalEnergies has entered into a partnership with Czech billionaire Daniel Kretinsky's company EPH, forming a 50-50 joint venture to manage power plants across several Western European countries. This venture will have a total capacity of 14 gigawatts. In an all-stock transaction, EPH will receive €5.1 billion worth of new shares in TotalEnergies, making it the company's third-largest shareholder.