法国2年期国债 (France2Y) 加自选

法国10年期OAT收益率跌至3.2%，为6月4日以来的最低水平，追随全球债券收益率的下跌，在中东紧张局势加剧和贸易战担忧加剧之际，投资者转向安全资产。美国总统唐纳德·特朗普宣布将美国人员从该地区转移，称其为“一个危险的地方”，同时还透露了向主要贸易伙伴发送信函概述新的单边关税税率的计划。在美国，低于预期的通胀数据和劳动力市场疲软的迹象引发了人们的猜测，即美联储可能最早在9月开始降息。与此同时，在欧洲，欧洲央行官员的评论增强了人们的预期，即央行可能很快会暂停其宽松周期，以评估贸易紧张局势升级对经济的影响。

France’s 10-year OAT yield fell toward 3.2%, its lowest level since June 4, tracking a global decline in bond yields as investors shifted into safe-haven assets amid rising tensions in the Middle East and renewed trade war fears. US President Donald Trump announced the relocation of American personnel from the region, calling it "a dangerous place," while also revealing plans to send letters to major trading partners outlining new unilateral tariff rates. In the US, weaker-than-expected inflation data and signs of a softening labor market fueled speculation that the Federal Reserve may begin cutting rates as early as September. Meanwhile, in Europe, comments from ECB officials have reinforced expectations that the central bank could soon pause its easing cycle to assess the economic fallout from escalating trade tensions.

CAC 40指数周四下跌0.7%，至7719点，延续了前一交易日的跌幅，因对关税威胁的担忧再次出现。美国总统唐纳德·特朗普周三宣布，将很快向主要贸易伙伴发出正式信函，详细说明旨在迫使各国达成新贸易协定的单边关税计划。在欧洲，投资者越来越担心欧盟在特朗普7月8日的最后期限之前达成协议的能力，这标志着当前关税暂停的结束。在其他地方，尽管特朗普声称与北京的协议已经“完成”，但早些时候对美中贸易谈判进展的乐观情绪开始消退。在个股中，明显落后的包括雅高（-3.1%）、意法半导体（-3%）和开云（-2.8%）。从好的方面来看，TotalEnergies是盘中表现最好的，上涨了近2%，因为中东地缘政治紧张局势升级引发的油价飙升提振了能源行业。

The CAC 40 fell 0.7% to 7,719 on Thursday, extending losses from the previous session amid renewed concerns over tariff threats. US President Donald Trump announced on Wednesday that formal letters would soon be sent to major trading partners, detailing planned unilateral tariffs aimed at pressuring countries into new trade agreements. In Europe, investors grew increasingly anxious about the European Union’s ability to secure a deal before Trump’s July 8 deadline, which marks the end of the current tariff pause. Elsewhere, earlier optimism over progress in US-China trade negotiations began to fade, despite Trump’s assertion that a deal with Beijing was “done.” Among individual stocks, notable laggards included Accor (-3.1%), STMicroelectronics (-3%), and Kering (-2.8%). On the upside, TotalEnergies was the session’s top performer, climbing nearly 2% as surging oil prices—fueled by escalating geopolitical tensions in the Middle East—boosted the energy sector.

在巴黎，CAC 40指数下跌了57点。亏损最多的是意法半导体（-3.07%）、开云集团（-2.70%）和雅高集团（-2.14%）。涨幅最大的是TotalEnergies SE（2.13%）、Orange（0.80%）和ENGIE（0.31%）。

In Paris, the CAC 40 Index is dropping 57 points. Leading the losses are STMicroelectronics (-3.07%), Kering (-2.70%) and Accor (-2.14%). Top gainers were TotalEnergies SE (2.13%), Orange (0.80%) and ENGIE (0.31%).

CAC 40指数周三下跌0.4%，收于7785点，扭转了前一交易日的涨幅，因为投资者消化了美国和中国在伦敦举行的贸易谈判的结果。会谈最终达成了一项旨在重振日内瓦休战的初步框架协议。该计划考虑了可能的相互放松限制，中国可以放松对稀土和半导体出口的控制，而美国则考虑取消某些技术制裁。然而，该协议仍需双方领导人的批准，这并不能缓解投资者的谨慎态度。此外，欧盟当局表示，与美国正在进行的贸易谈判可能会延长到7月9日的最后期限之后，这加剧了不确定性。在企业领域，施耐德电气（-2.0%）、家乐福（-1.8%）和Stellantis NV（-1.5%）领跌，而阳狮（2.8%）和意法半导体（1.1%）领涨。

The CAC 40 fell 0.4% to close at 7,785 on Wednesday, reversing the gains of the previous session as investors digested the results of the trade talks between the US and China held in London. The talks ended with a preliminary framework agreement that seeks to revitalize the Geneva truce. The plan contemplates a possible mutual easing of restrictions, in which China could relax controls on the export of rare earths and semiconductors, while the US considers lifting certain technological sanctions. However, the agreement still requires the approval of both leaders, which doesn't ease investors' caution. In addition, EU authorities have signaled that the ongoing trade negotiations with the US could extend beyond the July 9 deadline, adding to the climate of uncertainty. In the corporate sphere, losses were led by Schneider Electric (-2.0%), Carrefour (-1.8%) and Stellantis NV (-1,5%), while gains came from Publicis (2.8%) and STMicroelectronics (1.1%).