The star CAC 40 index gained 19.81 points to 7,043.31 points, the highest since February 10.

Last week, it had increased by 2.37%.

Stable at the start of the session, the Parisian rating gradually gained ground, to hover around 7,050 points from the start of the afternoon.

It remained numbed due to the absence of American investors, Wall Street being closed for both the stock market and the bond market due to a public holiday.

The index has therefore maintained its vigorous upward trend since the start of the year.

This trend "is quite short-termist", nuance Mickael Jacoby, head of continental Europe brokerage for Oddo BHF.

Trading volumes have been quite low for the past two weeks, he explains.

“There is probably a disconnect between those who have decided to invest”, and who are doing so on the upside, satisfied with the recovery of China and carried by the hope that the pressure of tight monetary policies will ease, and “ investors who have not yet decided what they are going to do".

The period of corporate results, which began on Friday in the United States, or the next meetings of central banks in early February will be able to give them more indications.

On the bond market, the cost of the French 10-year loan, the maturity which refers, ended stable at 2.63%.

Link cut between Vivendi and Telecom Italia

Vivendi's chairman of the management board, Arnaud de Puyfontaine, resigned on Monday from his post as a member of the board of directors of the Italian group, confirming however "the strong interest of Vivendi to remain a long-term investor".

Vivendi is the main shareholder of the group with a share of 23.75%.

Vivendi shares rose 0.86% to 9.65 euros.

Priority to Carrefour on the CAC

The Carrefour brand posted the largest increase in the CAC 40, 4.59% to 17.33 euros, after a positive recommendation from UBS Bank, which expects "healthy" next sales figures. .

© 2023 AFP