The CAC40 gained 0.1% this morning, around 7345 points, while Stellantis, Engie and Carrefour gained nearly 1% each.

Despite the Assumption Day holiday, the session promises to be a busy one, with a series of economic indicators on the agenda across the Atlantic, culminating in retail sales.

This statistic will be particularly closely watched by investors to help them assess the reality of a possible recession in the United States over the coming months.

Quarterly results from Walmart, the American retail giant, will also be closely watched at midday to gauge consumer morale.

Following yesterday's release of better-than-expected US inflation figures, there is little doubt that the Fed will announce a rate cut next month to support the US economy.

But markets now seem to be focusing less on inflation and more on growth.

In China, industrial production, an important economic indicator in the country, rose by 5.1% year-on-year in July, according to official data released on Thursday.

But on a monthly basis, factory output rose by just 0.3% in July compared with the previous month.

Other US indicators on the day's menu include business inventories, import prices, the New York Fed's Empire State index, the Philadelphia Fed index, industrial production and unemployment benefit registrations.

On the bond front, Treasuries continued their decline, with the prospect of a slightly more accommodating Fed policy bringing the yield on ten-year paper down to around 3.84%.

On the foreign exchange market, the euro appreciated accordingly against the greenback, to around $1.101/E.

In French company news, Deezer announced a multi-year joint distribution partnership with DAZN, to 'offer their subscribers access to their premium music and sports streaming services in a partnership covering several European markets'.


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