PARIS (Reuters) – The main European stock markets continued to rise at the start of the session on Friday with the ebb of tensions on the American debt ceiling and before the monthly report on employment in the United States.

In Paris, the CAC 40 gained 0.73% to 7,189.25 points around 07:30 GMT. In London, the FTSE 100 takes 0.39% and in Frankfurt, the Dax advances by 0.64%.

The EuroStoxx 50 index is up 0.61%, the FTSEurofirst 300 0.36% and the Stoxx 600 0.48%.

The markets are finally turning the page on the American debt ceiling after the adoption by the Senate of a bipartisan law, which allows the United States to avoid what would have been a first default.

Added to the relief at the end of this file is the “dovish” rhetoric from two Fed officials. Also on Thursday Philadelphia Federal Reserve Chairman Patrick Harker said it was “time to at least hit the stop button for a meeting” on rate hikes.

Futures put an 80% chance that the Fed will leave rates unchanged in two weeks, up from 48% a week earlier, according to CME Group’s FedWatch tool.

The publication at 12:30 GMT of the employment report in the United States in May should make it possible to see more clearly the intentions regarding the Fed. Economists polled by Reuters expect a slowdown in job creation to 190,000 after 253,000, an unemployment rate of 3.5% and an increase of 0.3% in the average hourly wage compared to April.

In values, Adidas gained 3.58% and Puma 3.99% in the wake of the Canadian Lululemon, which raised its annual forecasts and gained 13% in post-closing transactions on Wall Street.

At the top of the Stoxx 600, Dechra, the manufacturer of veterinary pharmaceutical products, soared 7.59% after announcing its takeover by the Swedish fund EQT for 4.46 billion pounds (5.19 billion euros).

(Laetitia Volga, edited by Blandine Hénault)

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