The star CAC 40 index rose 5.31 points to 7,353.03 points around 9:25 a.m.

On Friday, it finished down 0.25%, but up more than 3% for the week, its best performance since early January.

Above all, the CAC 40 set a new session record on Thursday at 7,387.29 points, driven by the good performance of the economies in Europe, the reopening of China and the hope that the peak of inflation has passed.

"Macroeconomic data is very volatile at the turn of the year, which makes it difficult to read the global economy at the start of 2023", nuance Xavier Chapard, of Banque Postale AM.

"Market expectations are now quite different from those that have prevailed for a few months, integrating stronger growth, slightly more persistent inflation and durably more restrictive monetary policies," he said.

Several indicators will confirm or challenge this view during the week, such as the PMI activity indicators on Tuesday, inflation in the United States on Friday.

The US Federal Reserve also releases the minutes of its last monetary policy meeting on Wednesday.

A dozen company results are still expected from the forty companies in the CAC during the week, mainly on Wednesday and Thursday.

On the bond market, rates, which have increased significantly in recent weeks, stabilized, and the interest of the French 10-year loan stood at 2.90%.

Icade backs down on the IPO of a subsidiary

Icade (+0.27% to 44.68 euros), real estate subsidiary of the Caisse des dépôts et consignations (CDC), will "probably not" list its health subsidiary on the stock market, and is instead considering other means of raising funds. fund, its managing director, Olivier Wigniolle, told AFP.

In 2022, its revenue grew by 11.4% and the company increased its dividend by 3.1% for this year.

© 2023 AFP