CAC 40指数周五上涨0.6%，收于7255点，交易员评估了PMI数据和企业新闻，同时忽略了俄罗斯-乌克兰的紧张局势和欧洲黯淡的经济前景。欧元区11月商业活动减弱，低于预期，因为服务业10个月来首次收缩，而制造业仍然疲软。在法国，初步估计显示综合采购经理人指数进一步下降，低于预期。在企业方面，奢侈品股表现最佳，LVMH上涨1.4%，爱马仕上涨1.7%，欧莱雅上涨1.9%，这得益于伯恩斯坦的积极前景。其他强劲上涨的股票包括赛诺菲、Stellantis和Unibail-Rodamco-Westfield，涨幅在2.5%至3.1%之间。相反，在英国严重欺诈办公室对涉嫌贿赂和腐败展开调查后，泰雷兹股价下跌2.9%。尽管周五出现反弹，CAC 40指数仍录得0.3%的周跌幅，这是连续第五周下跌。

The CAC 40 climbed 0.6% to close at 7,255 on Friday as traders assessed flash PMI data and corporate news while looking past Russia-Ukraine tensions and Europe's gloomy economic outlook. Eurozone business activity weakened in November, missing expectations as the services sector contracted for the first time in 10 months, while manufacturing remained sluggish. In France, preliminary estimates showed the Composite PMI declined further, underperforming forecasts. On the corporate front, luxury stocks were among the top performers, with LVMH rising 1.4%, Hermès up 1.7%, and L'Oréal gaining 1.9%, bolstered by a positive outlook from Bernstein. Other strong gainers included Sanofi, Stellantis, and Unibail-Rodamco-Westfield, which added between 2.5% and 3.1%. Conversely, Thales tumbled 2.9% after the UK’s Serious Fraud Office launched an investigation into alleged bribery and corruption. Despite Friday’s rebound, the CAC 40 recorded a 0.3% weekly loss, its fifth straight weekly decline.

在巴黎，CAC 40指数周五上涨42点，涨幅0.58%。涨幅最大的是Unibail-Rodamco（3.14%）、Stellantis NV（2.89%）和赛诺菲（2.35%）。最大的损失来自泰雷兹（-3.57%）、法国兴业银行（-2.53%）和法国巴黎银行（-2.37%）。

In Paris, the CAC 40 Index went up by 42 points or 0.58 percent on Friday. Top gainers were Unibail Rodamco (3.14%), Stellantis NV (2.89%) and Sanofi (2.35%). Biggest losses came from Thales (-3.57%), Societe Generale (-2.53%) and BNP Paribas (-2.37%).

法国10年期OAT收益率降至3%，为约一个月以来的最低水平，与欧洲收益率的普遍下降相一致，此前低于预期的PMI数据加剧了人们对欧洲经济前景日益黯淡的担忧。初步PMI数据显示，欧元区私营部门活动再次收缩，服务业也加入了制造业衰退。德国和法国成为该地区表现最差的国家。疲软的经济数据促使投资者提高了对下个月欧洲央行存款便利利率下调50个基点的预期，而此前这一预期仅为15%。此外，德国和法国的政治紧张局势以及俄罗斯和乌克兰之间不断升级的冲突继续打击投资者信心。在法国，由于2025年预算仍远未获得批准，马琳·勒庞的极右翼政党威胁要推翻政府，因此不稳定现象依然存在。

The yield on France's 10-year OAT fell to 3%, the lowest in about a month, tracking a general decline in European yields, after weaker-than-expected PMI data heightened concerns about the increasingly bleak economic outlook for Europe. Preliminary PMI data indicated a return to contraction in Eurozone private sector activity, with the services sector joining the manufacturing downturn. Germany and France emerged as the weakest performers in the region. Weak economic data prompted investors to increase their expectations of a 50bps cut in the ECB's deposit facility rate next month, up from just a 15% probability previously. Also, political tensions in Germany and France and the escalating conflict between Russia and Ukraine continued to dampen investor confidence. In France, instability persists as the 2025 budget remains far from approval, with Marine Le Pen’s far-right party threatening to bring down the government.

CAC 40指数扭转早盘下跌，周四收于7218点，上涨0.3%，结束了连续两天的下跌，因为工业股的上涨抵消了更广泛的谨慎情绪。投资者继续权衡俄乌冲突不断升级的紧张局势，以及更广泛的经济前景及其对欧洲未来货币政策的影响。重量级行业领导者施耐德电气和空中客车领涨，分别上涨1.3%和1.4%。此外，大型股欧莱雅的表现也优于其他公司，股价上涨1.1%。相反，奢侈品集团开云集团以3%的跌幅领跌，紧随其后的是Teleperformance、Bouygues和家乐福，跌幅在1.1%至1.7%之间。

The CAC 40 reversed early losses to close 0.3% higher at 7,218 on Thursday, ending a two-day losing streak as gains by industrials offset a broader cautious sentiment. Investors continued to weigh escalating tensions in the Russia-Ukraine conflict alongside the broader economic outlook and its impact on future monetary policy in Europe. Heavyweight industry leaders Schneider Electric and Airbus led the rise with gains of 1.3% and 1.4%, respectively. Additionally, mega-cap L'Oréal also outperformed with shares rising 1.1%. Conversely, luxury group Kering led the downturn with losses of 3%, followed by Teleperformance, Bouygues, and Carrefour losing between 1.1% and 1.7%.