周一，欧洲股市收盘大多下跌，法国新的政治动荡重新引发了人们对欧元区最大经济体财政不稳定的担忧。欧元区斯托克50指数下跌0.3%，至5633点，泛欧斯托克50指数收平，报571点。市场对勒科尔努总理的辞职感到不安，因为法国议会在上任几周后和马克龙总统公布新政府一天后仍反对削减国家预算。法国银行和保险公司大幅下跌，因为OAT的下滑给其资产负债表带来压力，并提高了流动性利率，法国巴黎银行下跌3.5%，安盛银行下跌2.5%。巴黎的奢侈品和工业股也表现不佳，LVMH、爱马仕和EssilorLuxottica的跌幅超过2%。反过来，与人工智能和计算基础设施相关的股票受益于OpenAI和AMD之间的新协议，ASML和Adyen各上涨2%。

European stocks closed mostly lower on Monday as fresh political turmoil in France rekindled concerns of fiscal instability among the Eurozone's largest economies. The Eurozone's STOXX 50 dropped 0.3% to 5,633 and the pan-European STOXX 50 closed flat at 571. Markets were rattled by the resignation of Prime Minister Lecornu as the French parliament remained against spending cuts in the country's budget, just weeks after taking office and a day after President Macron unveiled a new government. French banks and insurers fell sharply as the slide for OATs pressured their balance sheets and lifted their liquidity rates, with BNP Paribas sliding 3.5% while AXA dropped 2.5%. Luxury and industrials traded in Paris also underperformed, with LVMH, Hermes, and EssilorLuxottica losing more than 2%. In turn, stocks with exposure to AI and computing infrastructure benefited from the new deal between OpenAI and AMD, with ASML and Adyen jumping 2% each.

2025年8月，欧元区零售额环比微涨0.1%，部分从7月0.4%的修正跌幅中恢复过来，符合市场预期。食品、饮料和烟草（7月份为-0.3%对-1.1%）和汽车燃料（0.4%对-1.6%）的销售额增加，抵消了非食品产品（-0.1%对0.3%）的小幅下降，推动了涨幅。在该地区最大的经济体中，法国（0.5%对-0.9%）和西班牙（0.4%对-0.4%）出现增长，而荷兰保持平稳，德国（-0.2%对-0.5%）和意大利（-0.3%对-0.2%）出现下降。按年度计算，8月份零售贸易增长大幅放缓至1.0%，为2024年7月以来的最低同比增幅。

Eurozone retail sales edged up 0.1% month-over-month in August 2025, partially recovering from a revised 0.4% decline in July and in line with market expectations. Gains were driven by higher sales of food, drinks, and tobacco (0.3% vs. -1.1% in July) and automotive fuel (0.4% vs. -1.6%), which offset a slight decline in non-food products (-0.1% vs. 0.3%). Among the region’s largest economies, France (0.5% vs. -0.9%) and Spain (0.4% vs. -0.4%) saw growth, while the Netherlands remained flat and Germany (-0.2% vs. -0.5%) and Italy (-0.3% vs. -0.2%) posted declines. On an annual basis, retail trade growth slowed sharply to 1.0% in August, marking the weakest year-on-year increase since July 2024.

欧洲股市周一下跌，STOXX 50指数下跌0.7%，STOXX 600指数下跌0.4%，此前这两个指数周五收盘创下历史新高，开盘表现平平。法国总理Lecornu上任仅几周，马克龙总统宣布新政府成立一天后辞职，市场对此感到不安。与此同时，在捷克共和国，右翼民粹主义者安德烈·巴比斯赢得了议会选举，在日本，高市真奈被有效地确认为该国的下一任总理，这加剧了人们对新一轮财政刺激和持续宽松货币政策的预期。法国股市是当天表现最差的股票之一，LVMH（-2%）、爱马仕（-1.6%）、欧莱雅（-1.5%）、安盛（-3.5%）、法国巴黎银行（-5.2%）和Vinci（-3.2%）均出现大幅下跌。另一方面，科技和能源股帮助限制了更广泛的下跌。ASML控股公司上涨1.4%，英国石油公司上涨1.2%，嘉能可上涨0.9%，蒂森克虏伯稳健上涨2.6%。

European stocks fell into the red on Monday, with the STOXX 50 down 0.7% and the STOXX 600 losing 0.4%, following a lacklustre opening after both indexes closed at record highs on Friday. Markets were rattled by the resignation of French Prime Minister Lecornu, just weeks after taking office and a day after President Macron unveiled a new government. Meanwhile, in the Czech Republic, right-wing populist Andrej Babis won the parliamentary elections, and in Japan, Sanae Takaichi was effectively confirmed as the country’s next premier, fueling expectations of renewed fiscal stimulus and continued loose monetary policy. French equities were among the session’s worst performers, with LVMH (-2%), Hermès (-1.6%), L’Oréal (-1.5%), AXA (-3.5%), BNP Paribas (-5.2%), and Vinci (-3.2%) posting steep losses. On the other hand, technology and energy stocks helped limit broader declines. ASML Holding rose 1.4%, while BP gained 1.2%, Glencore advanced 0.9%, and Thyssenkrupp booked solid gains of 2.6%.

据报道，法国新任命的总理塞巴斯蒂安·莱科尔努辞职后，欧元周一下跌超过0.5%，跌至1.167美元以下，为9月25日以来的最低水平。此举是在埃马纽埃尔·马克龙总统决定保留一个基本不变的内阁之后做出的，这引起了反对党的迅速批评。不到一个月前上任的Lecornu面临着在一个严重分裂的议会中指导预算的艰巨挑战。即将出台的财政计划预计将包括不受欢迎的削减开支和增税，旨在遏制法国的赤字——欧元区最大的赤字——进一步加剧政治紧张局势和投资者担忧。

The euro fell more than 0.5% on Monday, slipping below $1.167 — its weakest level since September 25 — after France’s newly appointed prime minister, Sébastien Lecornu, reportedly resigned. The move followed President Emmanuel Macron’s decision to retain a largely unchanged cabinet, which drew swift criticism from opposition parties. Lecornu, who took office less than a month ago, faced the daunting challenge of steering a budget through a deeply divided parliament. The upcoming fiscal plan is expected to include unpopular spending cuts and tax hikes aimed at curbing France’s deficit — the largest in the euro area — further fueling political tension and investor concern.