The flagship index took 0.34% to 7,373.21 points, very close to its closing record of January 2022.

On Friday, the Parisian rating had gained 0.88%, posting a weekly increase of 2.24%.

The market is "rising on the slack", investors having had nothing to put in their mouths, comments Mikael Jacoby, head of continental brokerage at Oddo.

According to him, "the only argument that explains a positive start to the week" concerns China, which is aiming for growth of around 5% this year, one of its most modest objectives in decades when a strong rebound could pose an upside risk to inflation.

“Nothing very decisive” however, underlines Mr. Jacoby, who expects “a real reaction after the US employment report on Friday” insofar as it could allow investors to better understand the continuation of the rate hikes of the US Federal Reserve (Fed).

Ahead of that, investors will be paying close attention this week to Fed Chairman Jerome Powell's Tuesday and Wednesday hearings before the US Senate and House of Representatives.

His comments and his intentions in terms of monetary policy will be scrutinized before the next meeting of the institution's monetary policy committee, scheduled for March 21 and 22.

On the table of values, Michelin recorded the largest increase (+2.44% to 30.44 euros) of the star index ahead of Worldline (+2.06% to 40.65 euros).

Luxury also supported the trend, in particular LVMH (+ 1.21% to 825 euros) while the economic reopening of China has carried stock market indices in recent months.

Within the SBF 120 index, the Elior share climbed 6.21% to 3.73 euros after the collective catering group announced that it had signed the acquisition protocol for the multi-services division "DMS" of the group of Derichebourg recycling, its main shareholder.

In contrast, Eramet suffered from China's growth forecasts: the stock fell 5.27% to 107.80 euros.

© 2023 AFP