The CAC 40 rose 1.8% to close at 7,691 on Friday, rebounding after two sessions of losses, supported by improved sentiment amid signs of progress in US trade talks with China and others. President Trump announced that Washington and Beijing had reached an agreement to speed up shipments of rare earth minerals to the US, as part of broader efforts to ease trade tensions. At the same time, the White House indicated that the steep import tariffs, originally planned for July, could be postponed if trade negotiations make sufficient progress. The rally was further fueled by growing speculation that Fed policy may turn more dovish, with expectations that Jerome Powell could be replaced. In France, preliminary data showed a surprise acceleration in consumer prices in June, while producer prices posted their first annual increase since November 2023. Among individual stocks, Schneider Electric (+5.7%), Legrand (+4.2%), and Kering (+3.6%) led the gains. For the week, the CAC 40 rose 1.8%.