The star CAC 40 index rose 78.86 points to 7,208.59 points, its second closing of the year above 7,200 points.

Last week, it had lost 1.44%, its worst weekly performance since mid-December.

However, the Parisian rating is still evolving in the same channel since the end of January, between 7,100 and 7,230 points.

"It's a technical rebound, which stays in this gap," says Mikael Jacoby, head of continental brokerage at Oddo.

The trend drawn during the session will not weigh very heavily on Tuesday when the inflation figures in the United States in January are published with the CPI indicator.

Investors are hoping that a further slowdown in price increases supports their scenario that central banks will soon start cutting interest rates, after a year in which these essential barometers for regulating economic activity soared.

Central bankers have been repeating for several weeks, however, that it is too premature to imagine a reduction in key rates, and that the trend is still upwards.

“I expect further increases to be appropriate,” Michelle Bowman, one of the governors of the American central bank (Fed), said Monday at the American Community Bankers Association conference in Orlando. (Florida).

She also clarified that rates should remain high "for some time to restore price stability".

On the bond market, sovereign interest rates remained at a high level, with 2.82% for the 10-year French loan, the benchmark maturity.

The good economic surprises have come, once again in recent weeks, from Europe: the economy should show lower inflation and better than expected growth this year, after avoiding a recession this winter despite the war in Ukraine, has the European Commission announced on Monday.

Luxury is popular

Luxury stocks, a heavyweight on the Parisian coast and which had suffered last week with the rise in rates, have resumed their colors.

Hermès took 2.18% to 1,711.50 euros, Kering 1.27% to 566.60 euros, LVMH 1.59% to 810.30 euros.

The cosmetics giant L'Oréal gained 3.74% to 389.65 euros.

Erratic movements at Orpea

The private group of retirement homes Orpea, in a deep crisis for more than a year, announced Monday a turnover up 8.9% (including 5.5% organic) to 4.68 billion euros. euros for the 2022 financial year.

Orpea still risks running out of liquidity "at the end of the second quarter".

The action, very volatile, first jumped nearly 40%, reaching 5.07 euros before its price turned around and ended down 16.30% at 3.06 euros.

© 2023 AFP