French markets experienced an uptick on Friday, buoyed by remarks from a Federal Reserve official suggesting the potential for the U.S. central bank to reduce interest rates three to four times within the year, contingent on inflation trends. A rate cut could possibly occur before July.
Anticipation builds as the Eurozone is set to release its latest inflation figures later today, following the publication of consumer price data from major European economies earlier this week.
In other developments, U.K. retail sales unexpectedly declined in December, intensifying speculation that the Bank of England might lower interest rates in February.
The CAC 40 index increased by 61 points, or 0.8 percent, reaching 7,696, building on a 2.1 percent rise from the previous session.
Luxury stocks with significant exposure to the Chinese market displayed mixed performances. Kering saw an increase of over 1 percent, whereas LVMH and Hermes International experienced slight declines.
Meanwhile, China has announced strong growth forecasts for 2024, though a range of concerning indicators has led to skepticism from some international economists.
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