在巴黎，CAC 40指数周二下跌53点，跌幅0.69%。亏损主要由Eurofins Scientific SE（-5.42%）、意法半导体（-4.55%）和安赛乐米塔尔（-3.51%）造成。涨幅最大的是开云集团（3.57%）、达能集团（2.55%）和路威酩轩集团（2.09%）。

In Paris, the CAC 40 Index decreased 53 points or 0.69 percent on Tuesday. Losses were driven by Eurofins Scientific SE (-5.42%), STMicroelectronics (-4.55%) and ArcelorMittal (-3.51%). Biggest rises came from Kering (3.57%), Danone (2.55%) and LVMH (2.09%).

周二，CAC 40指数下跌0.7%，收于7654点，为8月初以来的最低点，投资者分析欧元区通胀高于预期，国内政治风险不断上升。法国总理贝鲁呼吁进行信任投票，这加剧了人们对政策瘫痪和监管不确定性的担忧，鉴于银行对治理和财政稳定的敏感性，银行受到的打击最为严重，金融业是该指数的最大拖累。欧元区CPI从7月份的2.0%加速至8月份的2.1%，核心通胀率稳定在2.3%，这一数字使欧洲央行下周可能暂停任何降息，并降低了今年晚些时候有意义的宽松政策的可能性。权重金融股安盛、法国巴黎银行、法国兴业银行和法国农业信贷银行均下跌约1.3-1.5%。

The CAC 40 fell 0.7% to close at 7,654 on Tuesday, its weakest since early August, as investors parsed firmer-than-expected eurozone inflation and growing political risk at home. France’s Prime Minister Bayrou calling a confidence vote amplified concern about policy paralysis and regulatory uncertainty, hitting banks hardest given their sensitivity to governance and fiscal stability, and left financials the biggest drag on the index. Eurozone CPI accelerated to 2.1% in August from 2.0% in July, with core inflation steady at 2.3%, a print that makes it likely the ECB pauses any rate cuts next week and reduces the odds of meaningful easing later this year. Heavyweight financials AXA, BNP Paribas, Société Générale and Crédit Agricole each slid roughly 1.3–1.5%.

法国10年期政府债券收益率跃升至3.6%，为3月中旬以来的最高水平，而30年期借贷成本攀升至2011年以来的最低水平，反映出整个欧洲的财政担忧日益加剧。就在九个月前由马克龙总统任命的总理弗朗索瓦·贝鲁上周呼吁国民议会于9月8日进行信任投票，这让全国感到惊讶。他的前景似乎不确定，越来越多的人反对他提出的2026年预算冻结和取消两个公共假日的建议，这些措施引起了政治各界的批评。在其他地方，投资者对欧洲不断扩大的国防开支和德国计划的基础设施投资的担忧正在加剧。与此同时，8月份欧元区通胀率加速至2.1%，略高于市场预期和欧洲央行2%的目标，强化了人们对央行将在下周会议上维持利率的预期。

France’s 10-year government bond yield jumped toward 3.6%, its highest since mid-March, while 30-year borrowing costs climbed to levels not seen since 2011, reflecting mounting fiscal concerns across Europe. Prime Minister François Bayrou, appointed by President Macron just nine months ago, surprised the nation last week by calling a confidence vote in the National Assembly for September 8. His prospects appear uncertain, with growing opposition to his proposals for a 2026 budget freeze and the abolition of two public holidays—measures that have drawn criticism across the political spectrum. Elsewhere, investor concerns are rising over Europe’s expanding defense spending and Germany’s planned infrastructure investments. Meanwhile, eurozone inflation accelerated to 2.1% in August, slightly above both market expectations and the ECB’s 2% target, reinforcing expectations that the central bank will maintain interest rates at next week’s meeting.

周二，CAC 40指数在7705点左右几乎没有变化，暂停了前一交易日的涨幅，因为市场在法国持续的政治不稳定中保持谨慎。贝鲁总理呼吁进行信任投票，这让投资者感到不安，对银行股的打击最为严重，突显了法国脆弱的政治背景。现在人们的注意力转向了明天公布的法国PMI数据，这将揭示经济势头，而欧元区通胀数据预计将在今天晚些时候公布，美国关税可能会给价格带来上行压力。在企业方面，主要银行法国巴黎银行、法国兴业银行和法国农业信贷银行均下跌超过1%，拖累指数。分析人士表示，基本面仍然具有弹性，但反复的政治动荡正在逐渐削弱投资者的信心，这增加了两年内第五位首相的可能性。

The CAC 40 index was little changed at around 7,705 on Tuesday, pausing gains from the previous session as markets stayed cautious amid ongoing political instability in France. Prime Minister Bayrou’s call for a confidence vote unsettled investors, hitting bank stocks hardest and highlighting France’s fragile political backdrop. Attention now turns to France’s PMI data due tomorrow, which will shed light on economic momentum, while eurozone inflation figures are expected later today, with US tariffs potentially adding upward pressure on prices. On the corporate side, major lenders BNP Paribas, Société Générale, and Crédit Agricole each fell over 1%, dragging on the index. Analysts say fundamentals remain resilient, but repeated political upheaval—raising the prospect of a fifth prime minister in under two years—is gradually eroding investor confidence.