The flagship CAC 40 index recovered 1.26% to 7,432.93 points. On Thursday, the Parisian rating had fallen 0.85%, the lowest in nearly a month. Over the week, its balance sheet remains negative (-0.78%).
Today's event, the US job market unexpectedly rebounded in April, with job creation rising and unemployment falling unemployment, far from the expected slowdown in the fight against high inflation.
Patrice Gautry, chief economist at Union Bancaire Privée, points to an "asymmetry of view" after the publication of "strong" US employment figures which, on the one hand "remove the spectre of imminent recession" but on the other, constitute "bad news for the bond market".
The France's interest rate for the 10-year bond rose to 2.87%, from 2.78% on Thursday at the close.
If inflation remains stronger, the US Federal Reserve (Fed), which raised its key rates by 0.25 percentage points on Thursday, without giving a clear indication of the next moves, could be encouraged not to interrupt its rate hike cycle.
The Fed warned that its next monetary policy decisions would depend on the evolution of macroeconomic indicators.
The dynamism of wages linked to the lack of labor raises fears of a price-wage loop: wages continued to rise in April with an increase in average hourly wages of 4.4% over one year in the United States.
In this context, all eyes will be on US inflation figures on Wednesday.
"To achieve a lasting slowdown in inflation, we need a slowdown in services," Gautry said, adding that rent costs will also be scrutinized.
"The idea of a pause in rate hikes could be challenged by data that remains strong," said the expert, while another report on employment will be published before the next Fed meeting in mid-June.
Air France-KLM disappoints
Franco-Dutch carrier Air France-KLM cut its loss by more than a third in the first quarter, traditionally the weakest period of the year and expects a "busy" summer thanks to strong bookings.
Its shares fell 2.61% to 1.46 euros. Analysts at Oddo BHF lamented in a note that the annual outlook had not been revised and pointed out that the net loss was slightly higher than expected by the consensus of analysts.
Thales defends itself
Revenue from the defense and technology group Thales (-0.29% to €136.35) experienced sustained growth in the first quarter, benefiting from the rebound in civil aeronautics service activities thanks to the recovery in air traffic.
Nanobiotix infinitely large, Valneva crescendo
Spectacular rebound (+157.83% to 4.28 euros) of the share of the biotech specialized in oncology Nanobiotix. The company, which has developed a nanoparticle-based formula to be injected into patients treated as part of radiotherapy, said it was in "final contract negotiations" with a "major global player in the pharmaceutical industry" to support the development and commercialization of NBTXR3 in head and neck cancer. The stock is still far from its level of more than 17 euros in 2019.
The Franco-Austrian pharmaceutical group Valneva, which had been widely rewarded Thursday on the stock market after reporting good performance in early 2023, continued its momentum by garnering 13.02% to 5.92 euros.
© 2023 AFP