法国120指数 (France120spotindex) 加自选

在巴黎，CAC 40指数周一上涨106点，涨幅1.37%。LVMH（6.98%）、意法半导体（6.74%）和Stellantis NV（6.51%）领涨。

In Paris, the CAC 40 Index gained 106 points or 1.37 percent on Monday. Gains were led by LVMH (6.98%), STMicroelectronics (6.74%) and Stellantis NV (6.51%).

CAC 40指数周一上涨1.4%，收于7850点，连续第三次上涨，创下六周新高，受美中贸易谈判突破的乐观情绪提振。两国同意在90天内暂停对彼此商品征收大部分关税，美国将对中国进口商品的互惠关税从145%降至30%，而中国将对美国进口商品的关税从125%降至10%。美国商务部长霍华德·卢特尼克指出，对其他国家商品征收10%的基准关税可能会保持不变。与此同时，特朗普总统宣布计划签署一项行政命令，使美国药品价格与其他发达经济体保持一致。在企业方面，奢侈品巨头领涨，LVMH（7%）、爱马仕（3.5%）、依视路（2.8%）和开云（5.9%）的股价飙升，因为人们希望世界上最大的两个经济体的需求更强劲。其他表现最佳的公司包括Stellantis、安赛乐米塔尔和意法半导体，其股价上涨了4.8%至6.8%。

The CAC 40 rose 1.4% to close at 7,850 on Monday, marking a third straight gain and reaching a six-week high, lifted by renewed optimism over a breakthrough in US–China trade talks. The two countries agreed to suspend most tariffs on each other’s goods for 90 days, with the US slashing reciprocal tariffs on Chinese imports from 145% to 30%, while China will lower duties on US imports from 125% to 10%. US Commerce Secretary Howard Lutnick noted the 10% baseline tariff on goods from other countries will likely remain in place. Meanwhile, President Trump announced plans to sign an executive order to align US drug prices with those in other advanced economies. On the corporate front, luxury giants led the rally, with shares of LVMH (7%), Hermès (3.5%), Essilor (2.8%), and Kering (5.9%) surging on hopes of stronger demand from the world’s two largest economies. Other top performers included Stellantis, ArcelorMittal, and STMicroelectronics, which added between 4.8% and 6.8%.

法国10年期OAT收益率飙升至3.3%以上，触及4月11日以来的最高水平，因为全球贸易谈判情绪的改善和地缘政治风险的缓解提振了对风险资产的需求。在日内瓦举行富有成效的会谈后，美国和中国同意取消90天的关税，标志着上个月贸易冲突的明显缓和。根据该协议，美国对中国商品的关税将从145%降至30%，而中国将把对美国进口商品的关税从125%降至10%。在其他地方，地缘政治紧张局势似乎有所缓解，乌克兰总统泽连斯基表示准备周四在土耳其会见俄罗斯总统普京，印度和巴基斯坦之间脆弱的停火仍在继续。在货币政策方面，货币市场现在将欧洲央行的存款便利利率定价为年底前的1.75%，恢复到4月中旬的水平，此前央行暗示可能降息以缓冲美国关税的影响。

France’s 10-year OAT yield surged above 3.3%, touching its highest level since April 11, as improving sentiment around global trade negotiations and easing geopolitical risks boosted demand for risk assets. The US and China agreed to a 90-day tariff rollback following productive talks in Geneva, marking a notable de-escalation of last month’s trade flare-up. Under the deal, US tariffs on Chinese goods will drop from 145% to 30%, while China will reduce its tariffs on US imports from 125% to 10%. Elsewhere, geopolitical tensions appeared to ease as Ukrainian President Zelenskiy signaled readiness to meet Russian President Putin in Turkey on Thursday, and a fragile ceasefire continued between India and Pakistan. In monetary policy, money markets now price the ECB’s deposit facility rate at 1.75% by year-end—reverting to mid-April levels before the central bank hinted at potential rate cuts to cushion against the impact of US tariffs.

CAC 40指数周一上涨0.8%，至7807点，连续第三个交易日上涨，创下近六周新高，这得益于对美中贸易谈判取得重大突破的乐观情绪。两国同意在90天内暂停对彼此商品征收大部分关税，将互惠关税从125%降至10%。然而，美国对中国芬太尼相关进口的关税将保持在20%，使美国对中国的关税总额保持在30%，而中国将把对美国进口的关税从125%降至10%。美国商务部长霍华德·卢特尼克表示，在可预见的未来，对其他国家商品征收10%的基准关税可能会保持不变。与此同时，特朗普宣布计划签署一项行政命令，使美国药品价格与其他高收入国家保持一致。在企业方面，表现最好的是意法半导体（5.9%）、开云集团（5.2%）和路威酩轩集团（5.1%）。不利的一面是，空客（-2%）、赛诺菲（-6.3%）和赛峰集团（-2.%）领跌。

The CAC 40 rose 0.8% to 7,807 on Monday, rallying for the third consecutive session to hit a nearly six-week high, buoyed by optimism over a major breakthrough in US-China trade talks. The two nations agreed to suspend most tariffs on each other’s goods for 90 days, reducing reciprocal tariffs from 125% to 10%. However, U.S. tariffs on Chinese fentanyl-related imports will stay at 20%, keeping total U.S. tariffs on China at 30%, while China will reduce tariffs on U.S. imports from 125% to 10%. US Commerce Secretary Howard Lutnick indicated that the 10% baseline tariff on goods from other countries is likely to remain for the foreseeable future.. Meanwhile, Trump announced plans to sign an executive order to align US drug prices with those in other high-income countries. On the corporate front, top performers were STMicroelectronics (5.9%), Kering (5.2%) and LVMH (5.1%). On the downside, Airbus (-2%), Sanofi (-6.3%), and Safran (-2%) led the losses.