The star CAC 40 index rose 0.52% or 36.03 points to 7,032.02 points.

After a slightly higher opening, the Parisian market accelerated in the wake of the positive trend on Wall Street.

On Friday, it had gained 0.63%, limiting its losses for the week to 0.39%.

Since the start of the year, the Parisian index has gained just over 8%.

Investors are, however, "in a wait-and-see position", "we can feel a slight moment of calm" before the corporate earnings season is in full swing in the coming days and with the approach of meetings of American central banks (Fed ) and European (BCE), tempers Céline Weill-Alliel, co-manager at Uzès Gestion.

"The market expects fourth quarter results to confirm its optimism," she told AFP.

A string of corporate results are expected in the United States, such as those of Microsoft on Tuesday and Tesla on Wednesday.

The world number one luxury and largest European capitalization LVMH will kick off the annual results within the CAC 40, Thursday after the closing.

In the course of the week, several macroeconomic data could also move the markets, like the leading PMI indicators on both sides of the Atlantic, the business climate in Germany, the preliminary figure for American growth for the last quarter and the US inflation indicator (PCE).

In terms of monetary policy, market operators are counting on a slowdown in the increase in the Fed's key rates at its next meeting scheduled for January 31 and February 1.

As the European Central Bank (ECB) prepares to raise rates again at its next monetary policy meeting in early February to bring inflation down, Germany's financial sector supervisor (Bafin) has warned that some banks of the country would be threatened in the event of a further sharp rise in interest rates.

ECB President Christine Lagarde is due to speak on Monday after the close of European markets.

The head start of cyclic values

The shopping center giant Unibail-Rodamco-Westfield recorded the largest increase in the CAC 40 (+4.72% to 58.37 euros).

On the SBF 120, another shopping center player, Klépierre, rose 2.54% to 23.37 euros and the real estate group Icade gained 3.05% to 44.62 euros.

The luxury industry was supported by improving demand prospects in China with the Lunar New Year holidays: LVMH gained 0.68%, Kering 1.07% and Hermès 0.92%.

© 2023 AFP