在巴黎，CAC 40指数周二上涨了65点，涨幅为0.90%。涨幅最大的是圣戈班（5.85%）、Stellantis NV（5.59%）和法国兴业银行（4.89%）。最大的亏损来自LVMH（-7.91%）、开云集团（-4.77%）和保乐力加集团（-2.31%）。

In Paris, the CAC 40 Index went up by 65 points or 0.90 percent on Tuesday. Top gainers were Saint-Gobain (5.85%), Stellantis NV (5.59%) and Societe Generale (4.89%). Biggest losses came from LVMH (-7.91%), Kering (-4.77%) and Pernod Ricard (-2.31%).

CAC 40指数周二上涨0.9%，收于7335点，从早盘下跌中反弹，但仍落后于地区同行，因为对美国汽车关税可能暂停的乐观情绪被奢侈品行业的大幅下跌部分抵消。特朗普总统的言论提振了投资者情绪，他建议暂时免除进口汽车和零部件的关税，让汽车制造商有更多时间扩大国内生产。Stellantis领涨，飙升6.6%，而包括安盛（+2.1%）、法国巴黎银行（+3%）、农业信贷银行（+2.2%）和法国兴业银行（+5%）在内的主要金融股也强劲上涨。然而，奢侈品股的大幅下跌缓和了涨势。路威酩轩集团股价下跌7.8%，徘徊在2020年12月以来的最低水平附近，此前该集团第一季度收入同比下降3%，与2%的增长预期相反。更广泛的行业也紧随其后，开云集团下跌5.2%，欧莱雅下跌2%。

The CAC 40 rose 0.9% to close at 7,335 on Tuesday, rebounding from early session losses but still lagging behind regional peers, as optimism over a potential pause in U.S. auto tariffs was partially offset by sharp declines in the luxury sector. Investor sentiment was lifted by President Trump’s remarks suggesting temporary exemptions on tariffs for imported vehicles and parts to allow automakers more time to expand domestic production. Stellantis led the advance, surging 6.6%, while major financials including AXA (+2.1%), BNP Paribas (+3%), Crédit Agricole (+2.2%), and Société Générale (+5%) also posted strong gains. However, the rally was tempered by steep losses in luxury stocks. LVMH tumbled 7.8%—hovering near its lowest level since December 2020—after posting a 3% year-over-year drop in Q1 revenue, contrary to expectations of a 2% increase. The broader sector followed suit, with Kering down 5.2% and L’Oréal slipping 2%.

周二，CAC 40指数小幅下跌至7266左右，表现不如欧洲同行，因为奢侈品行业的重大损失对该指数造成了压力。路威酩轩集团股价暴跌7.7%，徘徊在2020年12月以来的最低水平附近，此前该集团公布第一季度收入同比下降3%，超出了市场2%的增长预期。更广泛的奢侈品行业也紧随其后，开云集团下跌2.7%，欧莱雅下跌2.4%，爱马仕下跌1.4%。相比之下，汽车股领涨，Stellantis飙升4.7%，雷诺上涨2.9%，这得益于特朗普总统的言论，特朗普总统暗示可能豁免汽车相关关税，让制造商有更多时间提高美国产量。在其他方面，阳狮股价上涨2.1%，此前该公司公布第一季度收入增长4.9%，并重申了其到2025年的指导方针。

The CAC 40 edged lower to around 7,266 on Tuesday, underperforming its European peers as significant losses in the luxury sector weighed on the index. LVMH plunged 7.7%, hovering near its lowest level since December 2020, after reporting a 3% year-over-year drop in Q1 revenue, defying market expectations of a 2% gain. The broader luxury sector followed suit, with Kering dropping 2.7%, L’Oréal declining 2.4%, and Hermès falling 1.4%. In contrast, auto stocks led the gains, with Stellantis soaring 4.7% and Renault climbing 2.9%, buoyed by President Trump’s remarks suggesting possible exemptions on auto-related tariffs to give manufacturers more time to ramp up US production. Elsewhere, Publicis shares rose 2.1% after reporting a 4.9% growth in Q1 revenue and reaffirming its guidance through 2025.

2025年3月，法国的年通货膨胀率被确认为0.8%，与2月份持平，仍处于2021年2月以来的最低水平。能源价格（-6.6%对2月份-5.8%）和制成品（稳定后-0.2%）的大幅下跌被服务价格（+2.3%对+2.2%）的上涨所抵消，特别是保险，以及食品（+0.6%对+0.3%），特别是新鲜产品（+3.8%对+1.8%）。与此同时，烟草价格的上涨速度较慢（+4.1%对+4.5%）。按月度计算，消费者价格在上一时期停滞后上涨了0.2%，与初步估计一致。这一增长是由制成品价格的季节性增长推动的（+1.1%对+0.3%），特别是服装和鞋类（+5.7%对+1.4%）。与此同时，欧盟统一年通胀率稳定在0.9%，环比增长0.2%，均与初步数据一致。

The annual inflation rate in France was confirmed at 0.8% in March 2025, the same as in February, remaining at its lowest level since February 2021. Steeper declines in energy prices (-6.6% vs -5.8% in February) and manufactured goods (-0.2% after stability) were offset by rising prices in services (+2.3% vs +2.2%), particularly insurance, as well as food (+0.6% vs +0.3%), especially fresh products (+3.8% vs +1.8%). Meanwhile, tobacco prices rose at a slower pace (+4.1% vs +4.5%). On a monthly basis, consumer prices increased by 0.2%, following stagnation in the previous period, in line with initial estimates. This rise was driven by seasonal increases in manufactured product prices (+1.1% vs +0.3%), particularly in clothing and footwear (+5.7% vs +1.4%). Meanwhile, the EU-harmonized annual inflation rate held steady at 0.9%, while it increased by 0.2% month-on-month, both in line with preliminary data.