CAC 40指数周三下跌0.6%，收于7722点，连续第四天下跌，原因是一波令人失望的企业更新与美国新的关税威胁相冲突。雷诺股价下跌18.5%，至2024年2月以来的最低水平，此前该公司下调了全年指引，公布了低于预期的上半年业绩，导致Stellantis股价下跌6.2%。工业股也表现不佳，圣戈班下跌2.4%，安赛乐米塔尔下跌2.9%，奢侈品集团开云集团下跌2.3%。特朗普总统警告称，他可能会在月底前对药品征收关税，并暗示下一步将对半导体征税，这加剧了人们对贸易战升级可能侵蚀欧洲出口商利润率和增长前景的担忧。

The CAC 40 slid 0.6% to close at 7,722 on Wednesday, its fourth straight day of declines, as a wave of disappointing corporate updates collided with fresh US tariff threats. Renault tumbled 18.5 % to its weakest level since February 2024 after cutting its full-year guidance and releasing H1 results that missed forecasts, driving Stellantis to tank 6.2%. Industrial names also underperformed, with Saint-Gobain off 2.4 % and ArcelorMittal down 2.9 %, and luxury group Kering shed 2.3 %. Adding to the pressure, President Trump warned he may impose tariffs on pharmaceuticals by month-end and hinted at levies on semiconductors next, reviving concerns that an escalating trade war could erode European exporters’ margins and growth prospects.

周三，CAC 40指数小幅下跌至7756点左右，这是连续第四个交易日下跌，因为投资者权衡了新一轮的企业盈利和新闻，以及美国关税的发展。雷诺股价下跌16%，至2024年2月以来的最低水平，此前该公司下调了全年展望，并公布了低于预期的上半年初步业绩。另一家汽车制造商Stellantis NV也下跌了3.9%，此前该公司宣布将停止开发其氢燃料电池技术。其他表现不佳的公司包括Edenred（-2.9%）、开云集团（-2.8%）和意法半导体（-1.9%）。相反，依视路上涨1.1%，赛诺菲上涨0.9%，阳狮上涨0.7%，均显示出韧性。与此同时，贸易紧张局势继续影响市场情绪，此前美国总统特朗普警告称，可能会在本月底前对药品征收关税，并暗示随后可能对半导体征税。

The CAC 40 edged lower to trade around 7,756 on Wednesday, marking its fourth consecutive session of losses, as investors weighed a fresh round of corporate earnings and news, alongside US tariff developments. Renault slumped 16% to its lowest level since February 2024 after issuing a downgrade to its full-year outlook and reporting preliminary first-half results that fell short of expectations. Fellow automaker Stellantis NV also fell 3.9% after announcing it would halt development of its hydrogen fuel-cell technology. Other notable underperformers included Edenred (-2.9%), Kering (-2.8%), and STMicroelectronics (-1.9%). Conversely, Essilor rose 1.1%, Sanofi gained 0.9%, and Publicis added 0.7%, all showing resilience. Meanwhile, trade tensions continued to weigh on market sentiment, following US President Trump's warning that tariffs on pharmaceuticals could be introduced by the end of the month, along with suggestions that levies on semiconductors may follow.

CAC 40指数周二下跌0.6%，收于7762点，因美国再次威胁对欧盟进口商品征收30%的关税，引发了人们对更高关税和出口需求疲软的担忧。奢侈品品牌让位，路威酩轩集团（-0.5%）、爱马仕（0.5%）和欧莱雅（-1.5%），而航空航天集团空中客车（-1.6%）和赛峰集团（-0.0.5%）则因担心供应链中断而遭受损失。制药巨头赛诺菲下跌1%，安盛等银行下跌0.8%，此前欧洲央行表示将暂停其宽松周期。只有防御性股施耐德电气（1%）和道达尔能源（0.3%）逆势上涨。在宏观方面，5月工业生产意外下降，制造业和服务业PMI均走软，加剧了股市的下行压力。

The CAC 40 slid 0.6% to close at 7,762 on Tuesday as renewed US threats to impose 30% tariffs on EU imports reignited concerns over higher levies and weaker export demand. Luxury names ceded ground, LVMH (-0.5%), Hermès (-0.5%) and L’Oréal (-1.5%), while aerospace groups Airbus (-1.6%) and Safran (-0.5%) suffered amid fears of disrupted supply chains. Pharma heavyweight Sanofi fell 1%, and banks like AXA slipped 0.8% after the ECB signalled a pause in its easing cycle. Only defensives Schneider Electric (1%) and TotalEnergies (0.3%) bucked the trend. On the macro front, May industrial production unexpectedly declined and both manufacturing and services PMIs softened, compounding the downward pressure on stocks.

CAC 40指数周二上涨0.2%，至7825点左右，弥补了前一交易日的部分跌幅，因为美国总统特朗普表示对与欧盟的关税谈判持开放态度后，市场情绪有所改善。在特朗普宣布从8月1日起对欧盟进口商品征收30%的关税后，欧盟早些时候警告称将采取反制措施。然而，特朗普表示，他愿意与欧盟和其他贸易伙伴进行谈判，并补充说，欧盟官员很快将前往美国进行谈判。在企业方面，LVMH（0.6%）、施耐德电气（0.7%）和赛峰集团（0.6%）的表现优于其他公司，而欧莱雅（-0.2%）、液化空气（0.2%）和泰雷兹（-1%）领跌。

The CAC 40 index rose 0.2% to around 7,825 on Tuesday, recouping some losses from the previous session, as sentiment improved after US President Trump signaled openness to tariff talks with the European Union. The EU had earlier warned of countermeasures following Trump's announcement of a 30% tariff on EU imports starting August 1. However, Trump said he was open to talks with the EU and other trading partners, adding that EU officials would soon travel to the US for negotiations. On the corporate front, LVMH (0.6%), Schneider Electric (0.7%), and Safran (0.6%) outperformed, while Loreal (-0.2%), Air Liquide (-0.2%), and Thales (-1%) led the declines.