The flagship CAC 40 index gained 0.87%, or 61.75 points, to 7,199.18 points around 10:40. The day before, the Parisian market had rebounded by 0.55%, after the adoption Wednesday evening by a large majority of the elected members of the House of Representatives of the text on the ceiling of the american debt.

Senators followed suit on the night of Thursday to Friday, thus eliminating the risk of a default on June 5, when the federal government would have run out of cash.

"Now that the U.S. debt ceiling saga is in the rearview mirror, attention is turning to the state of the global economy and, more significantly, to the growing evidence of a sharp slowdown in inflation," said CMC Markets analyst Michael Hewson.

According to him, this "sharper-than-expected slowdown in inflation" as well as "signs of weak demand" make "the next step more difficult for central banks, which will have to decide whether to slow down or suspend their rate hikes", initiated to stem high inflation.

Investors' opinions are "divided" on the position that the US central bank (Fed) will adopt at its next meeting on the subject in less than two weeks "between a further increase of 25 basis points and a pause followed by a hike in July," says Hewson.

The publication on Friday of US employment figures, scheduled for 14:30 (12:30 GMT) "could provide an answer to this question," he said, recalling that "the figures of the main indicators regularly exceeded forecasts" in recent months.

On the French side, industrial production rebounded by 0.8% in April, thanks to the decrease in strikes in refineries and an increase in activity in non-automotive transport equipment, INSEE reported Friday.

In addition, the France passes Friday again on the grill of rating agencies, after the downgrade of its rating by Fitch last month.

This time, it is S&P Global that could in turn sanction the French government for its management of finances and the recent social crisis. His verdict is expected in the evening, around 23:00.

Renault drives despite complaints

Nearly 2,000 owners of Renault, Dacia and Nissan cars will file a criminal complaint against Renault Group and Nissan on Monday before the criminal court of Nanterre (Hauts-de-Seine), said Friday the lawyer of the plaintiffs.

The action of the French automotive group was not affected Friday around 10:30 am by these events, even posting the second largest increase in the CAC 40 (+3.41%).

© 2023 AFP