Around 10:10 a.m., the CAC 40 index took 44.66 points to 6,517.01 points.

It had posted gains last week despite worries about geopolitical tensions in Asia and fears of a continuation of significant monetary tightening by the Fed.

This week, "market sentiment will depend on US inflation. If it falls, the Fed could reorient its rate hikes more moderately", encouraging the market rebound, summarizes Ipek Ozkardeskaya, analyst at SwissQuote.

On Saturday, an official of the American central bank pleaded for the monetary institution to continue to raise its key rates sharply until inflation actually falls.

"Similar sized increases should be considered until we see inflation come down consistently, meaningfully and sustainably," Fed Governor Michelle Bowman told the Kansas Bankers Association.

"It is very unlikely that the inflation figures expected this week will go in the direction of an easing of the aggressive monetary tightening of the Fed," said Stephen Innes, analyst at SPI Asset management.

Concerning France more directly, the rating agency Fitch Ratings maintained on Friday at "AA" the rating of the long-term debt of the hexagon, still accompanied by a "negative" outlook because of the pandemic, which has increased public spending.

The rating assigned to France is the third best on the Fitch rating scale, which has 22 levels.

It corresponds to a high quality transmitter.

Veolia is sorting

The French environmental services giant Veolia will sell the waste activities of Suez, a group that it largely absorbed, in the United Kingdom for 2.4 billion euros, in order to "meet the main obligations of the UK competition authority".

This relief earned him a stock market increase of 1.79% around 10:10 a.m., to 24.42 euros.

© 2022 AFP