在巴黎，CAC 40指数周二上涨56点，涨幅0.72%。涨幅最大的是依视路（6.36%）、奥兰治（2.84%）和泰雷兹（2.52%）。最大的损失来自Edenred（-3.53%）、LVMH（-2.71%）和保乐力加（-1.95%）。

In Paris, the CAC 40 Index went up by 56 points or 0.72 percent on Tuesday. Top gainers were Essilor (6.36%), Orange (2.84%) and Thales (2.52%). Biggest losses came from Edenred (-3.53%), LVMH (-2.71%) and Pernod Ricard (-1.95%).

周二，CAC 40指数上涨0.7%，收于7857点，投资者在一系列强劲的半年盈利与新的美国-欧盟贸易框架的影响之间取得了平衡。EssilorLuxottica领涨，尽管面临关税阻力，但上半年营业利润仍有所上升，上涨6.9%，而Air？液化天然气和Orange分别上涨1.7%和2.1%，同样乐观。相比之下，奢侈品品牌在获利回吐中首当其冲，路威酩轩集团下跌2.9%，爱马仕下跌0.4%，因为市场参与者质疑该协议对欧元区的影响，法国批评者和德国总理默茨警告称，该协议对美国的倾斜可能会削弱欧洲出口商并抑制地区增长。

The CAC 40 index rose 0.7% to close at 7,857 on Tuesday, as investors balanced a raft of strong half-year earnings against the fallout from the new US–EU trade framework. EssilorLuxottica led the advance, jumping 6.9% after reporting higher H1 operating profit despite tariff headwinds, while Air?Liquide and Orange rose 1.7% and 2.1%, respectively, on similarly upbeat updates. In contrast, luxury names bore the brunt of profit-taking, LVMH fell 2.9% and Hermès dipped 0.4%, as market participants questioned the pact’s Eurozone impact, with French critics and German Chancellor Merz warning that its perceived tilt toward the US could undercut European exporters and dampen regional growth.

7月底，法国10年期政府债券收益率稳定在3.35%，投资者为一周的重要经济数据做好了准备。市场关注的焦点是法国7月份的通胀数据以及第二季度的GDP结果，所有这些都可能影响欧洲央行（ECB）未来的政策决定。在美欧贸易协议宣布后，对欧洲央行降息的预期发生了变化。市场已将预期的25个基点的降息推迟到2026年3月，现在认为到那时有90%的可能性。到12月降息的可能性已降至70%以下。在其他地方，投资者正密切关注美联储周三公布的政策，预计在特朗普总统8月1日的关税最后期限之前，利率将基本保持稳定。人们还将关注定于周五发布的美国就业报告。

France’s 10-year government bond yield steadied at 3.35% at the end of July, as investors geared up for a week packed with important economic data. Market focus is on France’s July inflation figures, along with second-quarter GDP results, all of which could impact the European Central Bank’s (ECB) future policy decisions. Following the announcement of the US-EU trade deal, expectations for an ECB rate cut shifted. Markets have delayed the anticipated 25 basis point cut to March 2026, now assigning a 90% probability by that time. The chance of a rate cut occurring by December has dropped below 70%. Elsewhere, investors are closely watching the Federal Reserve’s policy announcement due Wednesday, where rates are largely expected to stay steady ahead of President Trump’s August 1 tariff deadline. Attention will also be on the US jobs report, set for release on Friday.

2025年6月，法国大陆登记失业人数下降21.6万人，至298万人，为2024年12月以来的最低水平。所有类别都出现了下降，包括核心老年人口（-137000至171.6万）、50岁以上人口（-48000至790.8万）和25岁以下人口（-37000至474.1万）。登记失业人数同比增加15.84万人。

The number of registered unemployed in mainland France declined by 21.6 thousand to 2.98 million in June 2025, marking the lowest level since December 2024. The decrease was seen across all categories, including the core-aged population (-13.7 thousand to 1.716 million), those aged over 50 years (-4.8 thousand to 790.8 thousand), and those under 25 (-3.7 thousand to 474.1 thousand). On a year-on-year basis, the number of registered unemployed individuals rose by 158.4 thousand.