French stock market rises for the fifth consecutive session, investors betting on the Federal Reserve to cut interest rates next week.

The French stock market continued to strengthen on Friday, with the CAC40 index edging up 0.1% to 7835 points, marking the fifth consecutive trading day of gains. The market is betting on a rate cut by the Federal Reserve next week, as latest data from the US shows inflation meeting expectations while initial jobless claims have risen to nearly a four-year high, reinforcing expectations of monetary easing. On the other hand, the European Central Bank has hinted that the rate-cut cycle may have ended, with President Lagarde stating that inflation has essentially stabilized and economic growth risks are becoming more balanced. Investors are also closely watching for the sovereign credit rating of France to be announced after the market closes today by Fitch Ratings. Additionally, Euronext announced that TP will be removed from the CAC40 index starting September 22.