CAC 40指数周五下跌0.5%，收于7866点，结束了为期四天的涨势，因为美欧贸易紧张局势升级和国内通胀上升给法国股市带来了压力。特朗普总统出人意料地宣布对加拿大进口商品征收35%的关税，再加上威胁对其他贸易伙伴征收15-20%的广泛关税，引发了人们对欧洲出口采取报复措施的担忧。在国内，最新的价格数据显示，6月份的年通胀率攀升至4.8%，为五个月来的最高点，这引发了人们对欧洲央行将很快降息并打击利率敏感行业的怀疑。LVMH、爱马仕和开云分别下跌3.4%、1.5%和3.7%，而Stellantis暴跌4.6%。尽管如此，该指数本周仍上涨2%，连续第三周上涨，这得益于稳健的企业盈利以及一旦谈判恢复，美欧框架协议可能最终敲定的预期。

The CAC 40 dropped 0.5% to close at 7,866 on Friday, ending a four-day rally, as escalating US–EU trade tensions and rising domestic inflation weighed on French stocks. President Trump’s unexpected announcement of a 35% tariff on Canadian imports, coupled with threats of broad 15–20% levies on other trading partners, stoked fears of retaliatory measures against European exports. At home, the latest price data showed June’s annual inflation rate climbing to 4.8%, a five-month high, raising doubts that the ECB will cut rates soon and hitting interest-sensitive sectors. LVMH, Hermès and Kering slid 3.4%, 1.5% and 3.7%, respectively, while Stellantis plunged 4.6%. Nonetheless, the index still managed a 2% gain for the week, its third consecutive weekly advance, buoyed by solid corporate earnings and expectations that a US–EU framework deal could be finalized once negotiations resume.

在巴黎，CAC 40指数周五下跌73点，跌幅0.92%。STMicroelectronics（-16.51%）、Stellantis NV（-4.73%）和开云集团（-4.12%）领跌。抵消跌幅，涨幅最大的是泰雷兹（1.87%）、赛峰集团（1.01%）和TotalEnergies SE（0.77%）。

In Paris, the CAC 40 Index dropped 73 points or 0.92 percent on Friday. Losses were led by STMicroelectronics (-16.51%), Stellantis NV (-4.73%) and Kering (-4.12%). Offsetting the fall, top gainers were Thales (1.87%), Safran (1.01%) and TotalEnergies SE (0.77%).

法国10年期债券收益率升至3.4%以上，为近三个月来的最高水平，交易员们正在等待美国对欧盟进口商品征收关税的细节。美国总统表示，欧盟将很快收到一封概述其将面临的具体关税税率的信，这表明欧盟在8月1日最后期限前达成贸易协议的努力正在动摇。他还表示，计划对大多数贸易伙伴征收15%至20%的广泛关税，这进一步质疑了早先对10%基准税率的预期。在货币政策方面，人们普遍预计欧洲央行本月将保持利率不变，但市场仍预计今年晚些时候至少会再降息一次。与此同时，法国银行和国家统计局都预测2025年的经济增长率为0.6%。央行在其月度经济展望中指出，围绕美国贸易关税的持续不确定性继续影响商业情绪。

The yield on France’s 10-year bond rose above 3.4%, its highest in nearly three months, as traders awaited details on the tariff rates the US will impose on imports from the EU. The US President signalled that the EU would soon receive a letter outlining the specific tariff rates it will face, suggesting that the EU’s efforts to secure a trade deal by the August 1st deadline are faltering. He also signaled plans to impose broad-based tariffs of 15% to 20% on most trading partners, casting further doubt on earlier expectations of a baseline rate of 10%. On the monetary policy front, the ECB is widely expected to keep interest rates unchanged this month, but markets still anticipate at least one more reduction later this year. Meanwhile, both the Bank of France and the national statistics agency forecast economic growth of 0.6% for 2025. In its monthly economic outlook, the central bank noted that ongoing uncertainty surrounding US trade tariffs continues to weigh on business sentiment.

CAC 40指数周五下跌0.5%，至7866点，结束了连续四个交易日的上涨势头，因为全球贸易紧张局势再次加剧，扰乱了投资者情绪。美国总统唐纳德·特朗普宣布，自8月1日起，对加拿大进口商品征收35%的全面关税，同时还计划对大多数其他贸易伙伴征收15%至20%的一揽子关税。在欧洲，预计欧盟将于今天晚些时候收到新关税措施的正式通知，这引发了人们对潜在报复行动及其对欧洲出口商影响的担忧。在国内，年通货膨胀率在2025年6月升至五个月高点，超过了初步估计和上个月的读数。在企业方面，奢侈品和汽车类股表现最差。开云集团下跌2.6%，Stellantis NV下跌2.3%，LVMH下跌2%。尽管周五下跌，该指数仍有望连续第三周上涨。

The CAC 40 dropped 0.5% to 7,866 on Friday, snapping a four-session winning streak as renewed global trade tensions unsettled investor sentiment. US President Donald Trump announced a sweeping 35% tariff on Canadian imports effective August 1st, alongside a broader plan to impose blanket tariffs of 15% to 20% on most other trading partners. In Europe, the EU is expected to receive formal notification of the new tariff measures later today, raising concerns over potential retaliatory actions and their impact on European exporters. Domestically, the annual inflation rate rose to a five-month high in June 2025 — surpassing both the preliminary estimate and the previous month's reading. On the corporate front, luxury and automotive stocks were among the worst performers. Kering fell 2.6%, Stellantis NV dropped 2.3%, and LVMH declined 2%. Despite Friday's loss, the index is still on track for its third consecutive weekly gain.