The CAC star index took 9.97 points to 7,105.96 points around 9:55 a.m.
The day before, it had closed up 0.74% at its highest since February 10, 2022. Over the week, it rose another 1.24%.
The Parisian rating has been hesitating since the opening, tossed about once and for all, by its luxury heavyweights, after the results of LVHM, certainly record in 2022, but with a small weakness in the level of margins during the fourth quarter.
Corporate earnings are still keeping analysts busy, but investors are also awaiting December figures for US PCE inflation, the US Federal Reserve's (Fed) favorite barometer.
It is holding its monetary policy meeting next week.
"The markets remain buoyed by the hope of a painless disinflation, which would not lead to too marked a slowdown and would allow the Fed, then the American Central Bank, to lower their rates from the middle of the year", write analysts from Banque Postale AM.
In France, household morale fell slightly in January, still remaining very low compared to the historical average, INSEE said on Friday.
Record profit for LVMH, but slight drop in margins
The world number one in luxury LVMH broke new records in 2022, with astronomical sales of nearly 80 billion euros and profits taking off once again.
Analysts, however, noted a slight decline in margins in the fourth quarter.
The action, which had closed at a level close to its all-time high on Thursday, advanced another 0.61% to 806.90 euros after losing more than 1.5% in the first exchanges.
Hermès took 0.65% to 1,707.50 euros and Kering 1.33% to 555.30 euros.
Soon something new at Renault-Nissan
The terms of the overhaul of the alliance between car manufacturers Renault (+0.96% to 38.20 euros) and Nissan will be announced on February 6, we learned Thursday from a source familiar with the matter.
© 2023 AFP