“法国债券仍然不可投资”。BCA Research的分析师警告称，Lecornu的辞职证实了法国债券仍然不可投资，而且他们并不孤单。只要法国议会仍然没有明确的多数席位，任何政府都无法应对该国日益增长的债务或财政挑战。

"French bonds remain uninvestable".Analysts at BCA Research with the warning that Lecornu's resignation confirms that French bonds remain uninvestable, and they are not alone. As long as France's parliament remains without a clear majority, no government will be able to tackle the country's mounting debt or fiscal challenges.

巴黎CAC 40指数小幅上涨，收于7975点，前一交易日下跌1.4%，因为政治不确定性继续笼罩着欧洲第二大经济体。法国总理塞巴斯蒂安·莱科尔努在上任仅27天后突然辞职，成为第五共和国历史上任职时间最短的总理，但总统埃马纽埃尔·马克龙委托他领导今天为期两天的最后谈判，试图打破议会僵局，恢复稳定。奢侈品巨头路威酩轩集团和开云集团领涨市场，分别上涨3.6%和5.8%，此前摩根士丹利将这两个品牌从同等权重上调至增持，而金融板块则限制了涨幅，法国兴业银行下跌0.8%，安盛银行下跌0.6%，法国巴黎银行下跌1.2%。

The Paris CAC 40 edged marginally higher to close at 7,975 after a 1.4% drop in the previous session as political uncertainty continued to loom over Europe’s second-largest economy. French Prime Minister Sébastien Lecornu abruptly resigned after just 27 days in office, becoming the shortest-serving prime minister in the history of the Fifth Republic, yet President Emmanuel Macron has tasked him with leading two days of final negotiations today to try to break the parliamentary deadlock and restore stability. Luxury heavyweights LVMH and Kering led the market’s upside, adding 3.6% and 5.8% respectively after Morgan Stanley upgraded both names to overweight from equal weight, while the financial sector capped gains with Société Générale down 0.8%, AXA off 0.6% and BNP Paribas down 1.2%.

巴黎CAC 40指数下跌0.4%，至7930点左右，前一交易日下跌1.4%，因为政治不确定性继续笼罩着欧洲第二大经济体。法国总理塞巴斯蒂安·勒科尔努在上任仅27天后突然辞职，成为第五共和国历史上任职时间最短的总理。尽管他辞职了，但总统埃马纽埃尔·马克龙（Emmanuel Macron）委托他今天进行为期两天的“最后谈判”，以找到解决政治僵局的办法，恢复国家的“稳定”。在个股中，银行业拖累市场走低，法国兴业银行下跌0.8%，法国农业信贷银行下跌0.6%，法国巴黎银行下跌0.9%。在其他地方，芯片股意法半导体下跌1.2%，尽管有消息称AMD和OpenAI之间达成了数十亿美元的芯片供应协议。另一方面，LVMH股价上涨1.7%，开云集团股价上涨2%，此前摩根士丹利将两家公司的评级从“同等权重”上调至“增持”。

The Paris CAC 40 fell 0.4% to around 7,930, following a 1.4% drop in the previous session, as political uncertainty continues to loom over Europe’s second-largest economy. French Prime Minister Sébastien Lecornu abruptly resigned after just 27 days in office, becoming the shortest-serving prime minister in the history of the Fifth Republic. Despite his resignation, President Emmanuel Macron has tasked him with conducting two days of “final negotiations” today to find a solution to the political deadlock and restore “stability” to the country. Among individual shares, the banking sector dragged the market lower, with Societe Generale down 0.8%, Credit Agricole 0.6%, and BNP Paribas 0.9%. Elsewhere, chip stock STMicroelectronics declined 1.2%, even after news of a multi-billion-dollar chip supply agreement between AMD and OpenAI. On the other hand, LVMH shares rose 1.7% and Kering advanced 2% after Morgan Stanley upgraded its rating on both companies to “overweight” from “equal weight".

法国在2025年8月公布了15亿欧元的经常账户盈余，而上个月的赤字为19亿欧元。这标志着自3月以来的首次经常账户盈余，因为商品账户赤字从57亿欧元缩小到42亿欧元。此外，8月份服务账户盈余从7月份的41亿欧元跃升至60亿欧元。与此同时，初级收入盈余从14亿欧元小幅收窄至12亿欧元，而次级收入缺口从46亿欧元扩大至48亿欧元。

France posted a current account surplus of EUR 1.5 billion in August 2025, shifting from a downwardly revised deficit of EUR 1.9 billion in the previous month. This marked the first current account surplus since March, as the goods account deficit narrowed to EUR 4.2 billion from EUR 5.7 billion. Additionally, the services account surplus jumped to EUR 6 billion in August from EUR 4.1 billion in July. Meanwhile, the primary income surplus narrowed slightly to EUR 1.2 billion from EUR 1.4 billion, while the secondary income shortfall widened to EUR 4.8 billion from EUR 4.6 billion.