The Paris stock market was stable this morning at around 8215 points, despite strong performances from Stellantis (+3.5%), Renault (+2.9%) and Société Générale (+2.5%).

After last week's sharp rebound (+3%), the Paris index will be put to the test this week with a slew of economic indicators, starting with the latest inflation figures from the United States

Market optimism is not only supporting the CAC, as absolute records have been raining down across Europe for the past ten days, from London to Frankfurt, via the pan-European STOXX 600 index.

Risk appetite is rising again across all markets with remarkable consistency, from equities to bonds, credit and commodities", points out Florian Ielpo at Lombard Odier.

U.S. equity markets - which have now risen for three weeks in a row - are just a stone's throw away from their all-time highs.

While the speed and scale of these gains may give rise to fears of an imminent downturn, the market could well find fresh impetus if the CAC manages to sustainably climb above its major resistance level of 8250 points.

Up to now, the 8250-point threshold has represented an important management point for investors, synonymous with partial profit-taking, which has prevented a rally to the psychological 8500-point threshold.

The Paris market's ability to break through this key level will be tested over the next few days by a busy schedule of indicators, including retail sales and industrial production figures from across the Atlantic.

We recommend building portfolio positions according to all possible scenarios, but with a bias towards the prospect of rate cuts", stresses Angelo Kourkafas, strategist at Edward Jones.

Also on the week's agenda is a speech by Fed Chairman Jerome Powell at the annual conference of the Foreign Bankers Association in Amsterdam.

In other French company news, Sanofi announces a €1.1 billion increase in investment in its major industrial projects in France, to create new bioproduction capacity at its sites in Vitry-sur-Seine (Val de Marne), Le Trait (Seine-Maritime) and Lyon Gerland (Rhône).

EDF announces the signature, with several major international banks, of green bank loans dedicated to the financing of its nuclear fleet in France for around 5.8 billion euros, with maturities ranging from three to five years.

For its part, Air France-KLM announces the launch of a cash buyback offer for two existing bond issues, as well as its intention to proceed with a new bond issue, with a view to extending the average maturity of its debt.

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