But since January 1, the index has fallen by another 15.09%.
Already up sharply since the start of the session, the Parisian rating accelerated "after the publication of medium-long-term inflation expectations from the University of Michigan, which came out below expectations", explains to the AFP Alexandre Neuvy, director of private management at Amplegest.
Investors have had their eyes riveted on inflation for several months, as have central banks which are drastically tightening their monetary policy in order to stem the rise in prices.
A fall in inflation expectations, if confirmed with other indicators, would ease the pressure on central banks.
The session concluded a week where "the fall in interest rates" on the bond market "calmed a little" investors, with an "impressive" drop in rates on Wednesday and Thursday, notes Mr. Neuvy.
Interest rates fell on fears of recession in the United States and the euro zone, in particular with PMI economic activity indicators published on Thursday which showed a sharp slowdown in June.
Tech and luxury benefit from lower rates
Technology stocks took advantage of the easing of bond yields to make up a little for the losses recorded since the start of the year.
Teleperformance took 4.07% to 294.20 euros, Dassault Systèmes 4.36% to 36.64 euros and Capgemini 2.18% to 178.35 euros.
The other so-called growth stocks, which need low rates to finance their growth and enhance their long-term profits, such as in healthcare (Sanofi +5.02% to 100.56 euros), or even the luxury (LVMH +3.78% to 587.40 euros, Kering +2.55% to 502.50 euros) also benefited.
Profit taking on Valneva
After four sessions of strong growth, boosted by the acquisition of the American laboratory Pfizer then by the approval of its vaccine against Covid-19 in the European Union, the Franco-Austrian biotech Valneva fell by 11.13% to €12.64.
Over the week, however, it increased by 59.36%.
© 2022 AFP