巴黎CAC 40指数周一上涨0.6%，至8225点，创历史新高，受开云集团和欧莱雅强劲上涨的推动。开云集团股价飙升4.5%，此前该公司宣布以40亿欧元的价格将其美容部门出售给欧莱雅，而欧莱雅股价则上涨1%。泰雷兹股价上涨超过2%，有迹象表明美中贸易紧张局势有所缓和，这加剧了人们对北京可能放松对军用稀土出口管制的乐观情绪。与此同时，在印度IndiGo敲定了30架A350飞机的承诺后，空中客车公司上涨了1.5%。在其他地方，投资者继续消化标普全球评级下调法国评级的消息，理由是财政风险加剧和政府财政持续存在不确定性。

Paris’ CAC 40 rose 0.6% to 8,225 points on Monday, reaching a record high, driven by strong gains in Kering and L’Oréal. Kering surged 4.5% after announcing an agreement to sell its beauty division to L’Oréal for €4 billion, while L’Oréal shares added 1% on the news. Thales advanced over 2% amid signs of easing US-China trade tensions, fueling optimism that Beijing’s export controls on military rare earths could be relaxed. Meanwhile, Airbus gained 1.5% after India’s IndiGo finalized a commitment for 30 A350 aircraft. Elsewhere, investors continued to digest S&P Global Ratings’ downgrade of France, citing heightened fiscal risks and persistent uncertainty surrounding government finances.

在巴黎，CAC 40指数周一上涨58点，涨幅0.71%。开云集团（3.76%）、泰雷兹（2.85%）和意法半导体（2.13%）领涨。跌幅最大的是Orange（-0.59%）、赛诺菲（-0.30%）和Vinci（-0.21%）。

In Paris, the CAC 40 Index is picking up 58 points or 0.71 percent on Monday. Gains are led by Kering (3.76%), Thales (2.85%) and STMicroelectronics (2.13%). Biggest losers are Orange (-0.59%), Sanofi (-0.30%) and Vinci (-0.21%).

周一，法国10年期OAT收益率攀升至3.38%，从上周的两个多月低点3.308%反弹，此前标准普尔全球评级意外下调了该国的信用评级。周五，该机构将法国的评级从AA-下调至A+，理由是财政整顿的风险增加，政府财政的不确定性持续存在，尽管2026年的预算草案已提交议会。展望未来，穆迪将于10月24日重新评估其评级，前景可能从稳定转为负面。在其他地方，风险偏好有所改善，有迹象表明美中贸易紧张局势有所缓解，对美国地区银行的信心趋于稳定，尽管投资者在周五推迟的美国通胀数据之前仍持谨慎态度，该数据可能为美联储的降息前景提供进一步指导。

The yield on France’s 10-year OAT climbed to 3.38% on Monday, rebounding from an over two-month low of 3.308% last week, following S&P Global Ratings’ unexpected downgrade of the country’s credit rating. On Friday, the agency cut France’s rating to A+ from AA-, citing increased risks to fiscal consolidation and persistent uncertainty over government finances, despite the submission of the 2026 draft budget to parliament. Looking ahead, Moody’s is set to review its rating on October 24, with the outlook likely to shift from stable to negative. Elsewhere, risk appetite improved amid signs of easing US-China trade tensions and stabilizing confidence in US regional banks, though investors remained cautious ahead of Friday’s delayed US inflation data, which could offer further guidance on the Federal Reserve’s rate-cut outlook.

标普全球周五出人意料地将法国的信用评级下调了一个等级，警告称政治不稳定威胁到政府修复财政的努力。信用评级机构很少发布计划外降级，但标普表示，在经历了紧张的政治周后，将评级从AA-下调至A+是合理的，前景为负面。该机构在一份声明中表示：“我们预计，政策的不确定性将拖累投资活动和私人消费，进而影响经济增长，从而影响法国经济。”。据路透社报道，针对降级，财政部长Roland Lescure表示，现在“政府和议会的集体责任”是在年底前通过预算，确保财政赤字在2029年前达到欧盟GDP 3%的上限。与此同时，穆迪上一次将法国评级为Aa3，前景稳定，而DBRS的评级保持在AA，前景也稳定。

S&P Global downgraded France’s credit rating by one notch on Friday in a surprise move, warning that political instability threatens the government’s efforts to repair its finances. Credit rating agencies rarely issue unscheduled downgrades, but S&P said the cut—from ‘AA-’ to ‘A+’ with a negative outlook—was justified after a tense political week. “We expect policy uncertainty will affect the French economy by dragging on investment activity and private consumption, and therefore on economic growth,” the agency said in a statement. In response to the downgrade, Finance Minister Roland Lescure said it was now “the collective responsibility of the government and parliament” to pass a budget by year-end, ensuring the fiscal deficit is on track to meet the EU ceiling of 3% of GDP by 2029, according to Reuters. Meanwhile, Moody’s last rated France at Aa3 with a stable outlook, while DBRS maintained its rating at AA, also with a stable outlook.