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French stocks were up slightly on Friday ahead of European Central Bank President Christine Lagarde's speech later in the day. She will be speaking for the second time this week after cautioning that cutting interest rates too soon could threaten Europe's progress in battling the inflation.
French stocks declined on Tuesday as traders pared back expectations on near-term rate cuts by the U.S. Federal Reserve and the European Central Bank. French central bank Governor Francois Villeroy de Galhau said in Davos that it's too early to declare victory over inflation, but the ECB's next move is likely to be an interest rate cut sometime this year.
European stocks may open a tad higher on Friday as investors react to mixed economic data from China and await earnings from large U.S. banks later in the day for direction.
French stocks rose on Friday as investors cheered dovish comments from European Central Bank (ECB) President Christine Lagarde on possible rate cuts. Meanwhile, France's inflation accelerated for the first time in four months in December, as initially estimated, provisional data from the statistical office INSEE showed.
French stocks traded higher on Thursday amid renewed optimism that the U.S. Federal Reserve is going to cut interest rates in March. U.S. consumer price inflation data, due out later in the day is expected to provide more clarity on the Fed's monetary policy outlook this year.