The star CAC 40 index rose 46.41 points to 6,907.36 points, above 6,900 points for the first time since February 18, 2022, before the Russian invasion of Ukraine.

On Friday, it ended up 1.47% and ended a week up 5.98%, its best performance since November 2020, when the effectiveness of vaccines against Covid-19 was announced.

Investors were satisfied with the latest figures on the US job market, with the slowdown in the rise in the average hourly wage, as well as the fall in the inflation rate in the euro zone.

“So far the European and American economies have been more resilient than expected,” comments Vincent Juvyns, strategist for JPMorgan AM, which encourages the thesis of a soft landing for the American economy.

However, he qualifies and anticipates, "at best, a stagnation of the economy, which is not a very exciting scenario".

Moreover, "there is no reason to claim victory over inflation in Europe", which may explain some volatility in bond rates.

“Core inflation”, which excludes energy and food prices, “continues to rise”, adds Mr. Juvyns.

A speech by Federal Reserve Chairman Jerome Powell on Tuesday and Thursday's release of the CPI inflation indicator for December in the United States will give investors further guidance.

Many hope that the Fed will be less tough in the coming months.

Ipsen buys an American biotech

Ipsen, the third French pharmaceutical laboratory, will buy the American biotech Albireo, specializing in liver disease, for an amount of 952 million dollars (891 million euros).

The transaction should have a "dilutive effect" on the operating result of Ipsen's activities until the end of 2024, specifies the group.

It should be concluded by the end of the first quarter of 2023. The Ipsen share climbed 0.49% to 102.70 euros and that of Albireo climbed 92.5% in New York.

Plastic: Danone sued

NGOs want a judge to force the French multinational yogurt and water bottles Danone (-1.03% to 49.14 euros) to overcome its addiction to plastic which often fails in nature, in a summons consulted Monday by AFP.

Crossroads at the top of the gondola

The action of Carrefour recorded the second best performance of the session at the CAC 40, gaining 4.40% to 16.72 euros, after jumping 1.84% on Friday.

Bank of America on Friday raised its recommendation on the stock for 2023 from "neutral" to "buy", according to financial agency Bloomberg.

Casino is also favored by the American bank, which allowed the price to rise by 2.36% to 11.30 euros on Monday.

© 2023 AFP