CAC 40指数周四上涨0.3%，收于7902点，连续第四个交易日上涨，达到一个多月来的最高水平。此前，欧盟贸易主管MarošŠefcovic表示，美欧框架协议可能在几天内敲定，其中可能包括10%的关税上限和汽车行业的豁免，从而引发工业和汽车的广泛上涨。奢侈品和大宗商品股领涨，保乐力加（Pernod Ricard）上涨3.7%，得益于国内销售的弹性和中国关税风险的缓解；安赛乐米塔尔（ArcelorMittal）上涨3.6%，得益于全球钢铁需求的强劲；路威酩轩集团（LVMH）上涨3.5%，得益于法国6月零售支出的稳定报告。与此同时，特朗普总统公布了对铜进口征收50%的新关税，并对巴西商品单独征收50%的税，这两项关税都计划于8月1日生效，以限制上涨。

The CAC 40 rose 0.3% to close at 7,902 on Thursday, marking its fourth consecutive session of gains and reaching its highest level in over a month after EU Trade Chief Maroš Šefcovic said a US–EU framework deal, likely featuring a 10% tariff cap and auto-industry carve-outs, could be finalized within days, triggering broad gains in industrials and autos. Luxury and commodity names drove much of the upside with Pernod Ricard adding 3.7% on resilient domestic sales and easing China-tariff risks, ArcelorMittal added 3.6% amid firmer global steel demand, and LVMH rose 3.5% on reports of steady June retail spending in France. Meanwhile, President Trump unveiled a new 50% tariff on copper imports, along with a separate 50% levy on Brazilian goods, both scheduled to take effect on August 1st capping the upside.

2025年5月，法国的经常账户赤字从去年同期的10亿欧元急剧扩大到31亿欧元。2025年5月，初级收入盈余从一年前的28.1亿欧元略微下降到27.9亿欧元，而次级收入缺口从25亿欧元上升到31亿欧元。另一方面，商品账户赤字从2024年5月的676亿欧元缩小到652亿欧元，而服务账户盈余从460亿欧元增加到603亿欧元。

France's current account deficit widened sharply to EUR 3.1 billion in May 2025, from EUR 1 billion in the same month of the previous year. The primary income surplus decreased slightly to EUR 2.79 billion in May 2025 from EUR 2.81 billion a year earlier, while the secondary income shortfall rose to EUR 3.1 billion from EUR 2.5 billion. On the other hand, the goods account deficit narrowed to EUR 65.2 billion from EUR 67.6 billion in May 2024, while the services account surplus increased to EUR 60.3 billion from EUR 46 billion.

法国10年期债券收益率攀升至3.35%以上，为5月中旬以来的最高水平，贸易紧张局势的缓解提振了投资者情绪。市场关注美欧贸易谈判的进展，欧盟贸易主管Maros Sefcovic表示，可能在几天内与华盛顿达成框架协议。讨论的焦点是保护欧盟汽车工业。然而，在美国总统唐纳德·特朗普确认自8月1日起对铜进口和巴西商品征收50%的高额关税后，不确定性仍然存在。在货币政策方面，市场现在预计欧洲央行今年只会再降息一次，因为官员们采取了谨慎、依赖数据的做法。

France’s 10-year bond yield climbed above 3.35%, the highest since mid-May, as easing trade tensions lifted investor sentiment. Markets are focused on progress in US-EU trade talks, with EU trade chief Maros Sefcovic signaling that a framework deal with Washington could be reached within days. Discussions are centered on shielding the EU auto industry. However, uncertainty remains after US President Donald Trump confirmed steep 50% tariffs on copper imports and Brazilian goods, effective August 1. On the monetary policy front, markets now expect just one more rate cut from the European Central Bank this year, as officials take a cautious, data-dependent approach.

CAC 40指数周四上涨0.7%，至7931点，连续第四个交易日上涨，达到一个多月来的最高水平。欧盟贸易专员Maros Sefcovic表示，欧盟委员会在与美国达成框架协议方面取得了扎实进展，可能几天后就达成协议，围绕美国和欧盟之间潜在贸易协议的乐观情绪提振了市场情绪。与此同时，唐纳德·特朗普总统公布了对铜进口征收50%的新关税，并对巴西商品单独征收50%的税，这两项关税均计划于8月1日生效。他还向七个较小的贸易伙伴发布了新的关税通知，此前本周早些时候的类似举措影响了其他十四个贸易伙伴。保乐力加（3.2%）、开云集团（2.9%）、安赛乐米塔尔（2.4%）和路威酩轩集团（1.9%）的涨幅显著。另一方面，泰雷兹集团（-0.7%）、雅高集团（-0.6%）和赛峰集团（-0.0%）是少数下跌的公司之一。

The CAC 40 rose 0.7% to 7,931 on Thursday, marking its fourth consecutive session of gains and reaching its highest level in over a month. Market sentiment was buoyed by optimism surrounding a potential trade agreement between the US and the European Union, after EU Trade Commissioner Maros Sefcovic indicated that the European Commission had made solid progress toward a framework deal with the US, with an agreement possibly just days away. Meanwhile, President Donald Trump unveiled a new 50% tariff on copper imports, along with a separate 50% levy on Brazilian goods, both scheduled to take effect on August 1. He also issued fresh tariff notifications to seven smaller trading partners, following similar moves earlier in the week affecting fourteen others. Notable gains were seen in Pernod Ricard (3.2%), Kering (2.9%), ArcelorMittal (2.4%), and LVMH (1.9%). On the other hand, Thales (-0.7%), Accor (-0.6%), and Safran (-0.6%) were among the few decliners.