French stocks experienced modest gains on Friday, building on the significant rally seen the previous day fueled by optimism about a soft landing for the global economy.
The benchmark CAC 40 index saw an increase of 15 points, or 0.2%, reaching 7,438, after a 1.2% rise on Thursday.
In particular, banking institutions BNP Paribas, Credit Agricole, and Societe Generale observed increments ranging from 0.5% to 0.8%, while automaker Renault jumped 1.3%.
The dollar experienced a slight decline against both the euro and the pound following the release of encouraging consumer spending and labor market data overnight.
The focus of traders is now shifting to the upcoming Jackson Hole Economic Symposium, an annual event that convenes the leaders of the world's major central banks. This year's symposium is scheduled for August 22-24.
