The star CAC 40 index rose 29.32 points to 6,623.89 points.

On Monday, it had taken 1.87% to get off to a good start after its worst year since 2018 (-9.5%).

The Parisian rating even came close to 6,700 points in the middle of the morning but lost most of its gains in the last two hours of trading, when the American markets opened.

Well oriented at the opening, the American markets quickly turned back, and were down at the Paris close.

The excellent start of the CAC 40 "should not be taken into account too much" as a sign of solidity nuance Andréa Tuéni, analyst of Saxo Banque.

"There hasn't been much to eat yet", he explains, even if the activity indicators in industry in the euro zone on Monday, or inflation in Germany on Tuesday, all two "not too bad", can justify positive sessions.

Among other good news for equities, lower bond yields: after setting a 10-year high on December 30, at 3.09%, the French 10-year continued to fall to end at 2.91%.

Oil prices were also falling sharply, and European natural gas remained close to its lowest level since the outbreak of the war in Ukraine.

The menu for the rest of the week is more substantial, with Wednesday, after the Paris close, the minutes of the last monetary meeting of the American Federal Reserve then Friday the official report on employment in the United States, two justices of the peace crucial in the eyes of investors for the next monetary policies.

The full-throttle automobile

Industrial companies were once again favored by investors: in the automotive sector, Michelin took 2.66% to 27.63 euros (+6.11% in two sessions), Stellantis 1.17% to 13.81 euros (+4.04%), and Renault, despite its drop of 0.64%, still has an increase of 6.11% over the week, to 33.19 euros.

Also in view, banks with Societe Generale at + 1.59% to 24.57 euros, BNP Paribas at + 1.97% to 56.01 euros or Crédit Agricole (+ 1.26% to 10.11 euros) .

An economic indicator in China a little less bad than expected gave breath to luxury stocks, including LVMH (+ 1.25% to 702.80 euros), Hermès (+ 1.15% to 1,490 euros), or even Kering (+ 1.14% to 489.10 euros).

© 2023 AFP