The star CAC 40 index took 70.47 points to 6,106.47 points around 9:45 a.m.

On Friday, it had taken off from 2.04%, making it possible to end the week in equilibrium (+0.05%).

After better than expected signals on Friday on growth and inflation in the United States, investors resumed a little more position towards risky assets, such as equities, and in particular the values ​​most dependent on economic cycles.

“The (US) macro data does not yet confirm a recession. This makes it possible for prices to rally at any time, as the broader market has focused on fears of an impending recession over the past two weeks.” , notes Jochen Stanzl, analyst at CMC Markets.

But other financial watchers, like Oanda's Jeffrey Halley, remain cautious, pointing out that the move could be just another episode of a "bear market rally", a notable but not sustainable rebound in a longer streak. bearish for the markets.

The CAC 40 is down about 15% compared to its level of January 1st.

Investors are preparing for the meeting of the European Central Bank (ECB) on Thursday, which must specify its tool to limit the divergence of interest rates between the countries of the euro zone, but above all to rise for the first time in more than 10 in its key rates.

Thursday is also the date when the NordStream 1 gas pipeline is to be put back into operation by Russia, even if the resumption of gas deliveries is not taken for granted by analysts in the context of the war in Ukraine.

Finally, the results season will begin for the Paris Stock Exchange, even if few CAC 40 companies are still concerned this week.

Banks and car in mind

The stocks most sensitive to economic cycles, such as cars and banks, were once again sought after by investors.

BNP Paribas took 2.04% to 42.44 euros, Societe Generale 1.96% to 19.88 euros and Crédit Agricole 1.82% to 8.39 euros.

Stellantis (+1.91% to 12.19 euros) and Renault (+1.48% to 24.63 euros) were also dynamic.

Clear horizon for Airbus?

The American Boeing estimated on Sunday that the number of aircraft in the world should increase by 82% over the next 20 years.

The action of its European competitor Airbus rose 1.27% to 105.04 euros.

© 2022 AFP