法国30年期国债 (France30Y) 加自选

巴黎CAC 40指数周四上涨0.4%，至7820点，从前一天的下跌中恢复过来，此前美联储为应对劳动力市场疲软，如预期般将关键利率下调了25个基点。尽管美联储暗示了今年晚些时候进一步宽松的空间，但主席杰罗姆·鲍威尔的鹰派语气缓和了人们对更快削减速度的希望。投资者现在将注意力转移到即将到来的英格兰银行的政策决定上。在个人推动者中，EssilorLuxottica在与Meta合作推出Oakley Meta Vanguard后上涨了0.3%，Meta是新一代人工智能驱动的眼镜，推动了他们的合作关系，开创了运动智能的新时代。与此同时，在任命Francesca Bellettini为Gucci董事长兼首席执行官、保留Jean-Marc Duplaix为首席运营官以及取消副首席执行官职位以简化管理后，开云集团小幅下跌0.1%。

Paris’s CAC 40 gained 0.4% to 7,820 on Thursday, recovering from the previous day’s decline after the US Federal Reserve cut its key rate by 25 basis points, as expected, in response to a weaker labor market. While the Fed signaled scope for further easing later this year, Chair Jerome Powell’s hawkish tone tempered hopes for a faster pace of cuts. Investors now shift focus to the Bank of England’s policy decision due shortly. Among individual movers, EssilorLuxottica gained 0.3% after unveiling the Oakley Meta Vanguard in collaboration with Meta, a new generation of AI-powered eyewear that advances their partnership and ushers in a new era of Athletic Intelligence. Meanwhile, Kering edged down 0.1% following the appointment of Francesca Bellettini as Gucci’s Chairman and CEO, the retention of Jean-Marc Duplaix as COO, and the elimination of the deputy CEO position to streamline management.

在美联储宣布今年首次降息后，法国10年期政府债券收益率降至3.48%。在承认劳动力市场降温迹象的同时，美联储主席杰罗姆·鲍威尔将此举描述为风险管理削减，推翻了对激进宽松政策的预期，并强调央行不需要在利率方面迅速采取行动。在欧元区，政策制定者也持谨慎态度。欧洲央行官员继续强调关税、粘性服务通胀、食品价格上涨和财政政策不确定带来的风险。与此同时，法国的借贷成本正受到越来越多的审查。法国10年期国债收益率首次与意大利国债收益率持平，这一趋同是由于对公共债务可持续性和经济增长疲软的担忧导致法国国债收益率数月上涨，而投资者对意大利的情绪却有所改善。

France’s 10-year government bond yield eased to 3.48% after the US Federal Reserve delivered its first rate cut of the year. While acknowledging signs of a cooling labor market, Fed Chair Jerome Powell framed the move as a risk-management cut, pushing back on expectations for aggressive easing and stressing that the central bank does not need to move quickly on rates. In the euro area, policymakers have also struck a cautious note. ECB officials continue to highlight risks from tariffs, sticky services inflation, rising food prices, and uncertain fiscal policy. Meanwhile, French borrowing costs are drawing increased scrutiny. For the first time, French 10-year yields matched Italian equivalents, a convergence driven by months of rising French yields amid concerns over public debt sustainability and weak economic growth, in contrast with improving investor sentiment toward Italy.

在巴黎，CAC 40指数周四上涨45点，涨幅0.58%。Legrand（2.93%）、意法半导体（2.48%）和施耐德电气（2.36%）领涨。最大的输家是Edenred（-1.13%）、Eurofins Scientific SE（-0.89%）和家乐福（-0.82%）。

In Paris, the CAC 40 Index is picking up 45 points or 0.58 percent on Thursday. Gains are led by Legrand (2.93%), STMicroelectronics (2.48%) and Schneider Electric (2.36%). Biggest losers are Edenred (-1.13%), Eurofins Scientific SE (-0.89%) and Carrefour (-0.82%).

巴黎CAC 40指数周三下跌0.4%，至7787点，延续了前一交易日下跌1%后的更广泛回落，因为投资者在美联储当天晚些时候的政策决定之前分析了最新的欧元区通胀数据。欧元区8月份消费者价格通胀率降至2.0%，略低于初步估计的2.1%，因为能源成本下降幅度超过首次报告。总体通胀率已连续第三个月达到欧洲央行2%的目标，这增强了人们对政策将在一段时间内保持不变的预期。市场还关注美联储，外界普遍预计美联储将降息25个基点，以及美联储主席杰罗姆·鲍威尔（Jerome Powell）为未来政策路径提供指导的新闻发布会。在个股中，法国巴黎银行（-1.9%）、泰雷兹（-1.7%）、道达尔能源（-1.3%）和赛峰集团（-1.4%）上涨。

Paris’s CAC 40 fell 0.4% to 7,787 on Wednesday, extending a broader pullback after a 1% drop in the previous session as investors parsed the latest euro area inflation print ahead of the US Federal Reserve’s policy decision later in the day. Euro area consumer price inflation eased to 2.0% in August, slightly below a preliminary 2.1% estimate as energy costs fell more than first reported. Headline inflation has now matched the European Central Bank’s 2% target for a third straight month and that has reinforced expectations that policy will remain on hold for some time. Markets are also focused on the Fed, which is widely expected to deliver a 25 basis point cut and on Chair Jerome Powell’s press conference for guidance on the path of future policy. Among individual stocks, gains came from BNP Paribas (-1.9%), Thales (-1.7%), TotalEnergies (-1.3%), and Safran (-1.4%).