The star CAC 40 index gained 105.17 points to 6,515.75 points, its highest level since April 29.

After two sharp increases on Wednesday and Thursday, it ended the week up 3.67%, its best weekly performance since mid-March.

But over the year, the Parisian rating still drops nearly 9%.

Following a higher open, the Paris Stock Exchange accelerated in the afternoon, after the release of the PCE inflation indicator, which showed a slowdown in the year-on-year price spike between March (6, 6%) and April (6.3%) in the United States.

"There are three stress factors for the markets in 2022: inflation, geopolitics and China. We finally have positive signals on the first", underlined Alexandre Baradez, analyst of IG.

However, he was careful not to get excited about the continuation of this trend, as "oil prices are struggling to pull back, and more data is needed to confirm that the peak has passed. volumes (of trade) are not considerable", at 3.5 billion euros on Friday.

Consequently, "it looks more like cheap purchases" on sectors that have suffered this year, in particular luxury.

In the euro zone, the inflation indicator, expected on Tuesday, will be closely scrutinized.

Moreover, if the pressure on inflation eases somewhat, making it possible to envisage a less strict tightening of the central banks, economic activity continues to show signs of running out of steam.

Thus, the confidence of American consumers deteriorated sharply in May, due to inflation and the rise in interest rates, according to the final estimate of the survey by the University of Michigan published on Friday, confirming the preliminary estimate published in the middle of the month.

Luxury guides the Paris Stock Exchange

The luxury sector, a heavyweight on the Parisian coast, followed a second session of strong growth, in the wake of a strong rebound by Richemont on the Zurich Stock Exchange (+9.55%).

LVMH took 3.89% to 593.40 euros, Kering 4.55% to 489.00 euros and Hermès 4.45% to 1,092 euros.

L'Oréal climbed 4.12% to 324.80 euros, also driven by hopes that the situation in China is improving, according to Alexandre Baradez.

Houses of the world are collapsing

Maisons du Monde collapsed 26.91% to 12.93 euros, after the distributor of furniture and decorative objects said it now expected a drop in sales this year, worrying about the surge in the 'inflation.

© 2022 AFP