The star CAC 40 index advanced 39.51 points to 7,169.70 points around 10:01 a.m.

On Friday, the Parisian rating lost 0.82%, posting a weekly fall of 1.44%, its worst week since the start of the year.

All eyes will turn on Tuesday to the publication of the consumer price index (CPI) in the United States in January.

“It will above all be a question of seeing how the prices of services behave in order to have a better measure of the persistence of inflationary pressures”, notes Sebastian Paris Horvitz, director of research at La Banque Postale AM.

Inflation has been decelerating in the United States for several months, which has given investors hope for a change in the direction of the Federal Reserve's monetary policy.

But officials at the institution insisted last week that there was still some way to go before inflation was fully under control.

The trend in interest rates worries investors all the more as they fear that further increases will plunge economies into recession.

"Even though Europe should avoid recession and we do not expect the contraction in activity we anticipate in the United States to be severe, the economies on both sides of the Atlantic remain fragile and Adverse shock could tarnish the macroeconomic outlook", anticipates Sebastian Paris Horvitz.

The European Commission announced on Monday an upward revision of its growth forecast for the euro zone in 2023 to 0.9% (+0.6 points) and estimated that it should “narrowly avoid” a recession this winter.

It also lowered its inflation forecast for this year to 5.6%.

Orpea climbs

The group of retirement homes announced on Monday that it had achieved an annual turnover up 8.9% to 4.68 billion euros.

Orpea estimates that the risk of a lack of liquidity has been postponed to the second quarter of 2023, despite a debt of 9.7 billion euros at the end of December 2022.

The group recalled that the impacts of its financial restructuring, still under discussion before a definitive agreement with a group of investors led by Caisse des Dépôts et Consignations, which could bring the share price down to 0.20 euro after the various capital increase operations.

The Orpea share jumped 11.57% to 4.09 euros.

Since the beginning of the year it has lost 35%.

© 2023 AFP