CAC 40指数周三下跌0.5%，至7835点，打破了连续四个交易日的上涨势头，因为围绕美中贸易休战的乐观情绪开始消退。周末在瑞士举行的贸易谈判中，两国同意暂停和取消大部分关税。与此同时，投资者仍然关注企业盈利报告和新闻。开云集团在该指数中表现最差，在该公司看到美国对高端时尚和奢侈品的需求急剧下降后暴跌3.3%。这一消息拖累了同行，路威酩轩集团下跌1.9%，爱马仕下跌1.4%。其他明显落后的公司包括意法半导体、Legrand和Stellantis NV，损失在1.5%至2.2%之间。从好的方面来看，布伊格是表现最好的公司，在公布了强于预期的第一季度核心收益后上涨了1.6%，并确认了其全年的指导方针，尽管它称之为“非常不确定的宏观经济和地缘政治环境”

The CAC 40 fell 0.5% to 7,835 on Wednesday, breaking a four-session winning streak, as momentum from optimism surrounding a US-China trade truce began to fade. The two countries agreed to suspend and roll back most tariffs during trade talks in Switzerland over the weekend. Meanwhile, investors remained focused on corporate earnings reports and news. Kering was the worst performer on the index, plunging 3.3% after the firm saw a sharp drop in demand for high-end fashion and luxury goods in the US. The news dragged down peers, with LVMH falling 1.9% and Hermès down 1.4%. Other notable laggards included STMicroelectronics, Legrand, and Stellantis NV, with losses ranging from 1.5% to 2.2%. On the upside, Bouygues was the top performer, advancing 1.6% after posting stronger-than-expected Q1 core earnings and affirming its full-year guidance despite what it described as a “very uncertain macroeconomic and geopolitical environment."

周二，CAC 40指数在7853点附近持平，此前一个交易日涨幅超过1%，投资者在对美中贸易协议的乐观情绪中喘息。两国同意暂停大部分关税90天，美国将对中国商品的关税从145%降至30%，而中国将对美国商品的关税则从125%降至10%。与此同时，投资者继续关注正在进行的公司盈利报告。奢侈品股领涨，开云集团以2.5%的涨幅位居榜首，路威酩轩集团上涨1.2%，爱马仕上涨1%。汽车板块也表现强劲，Stellantis NV上涨2.1%，雷诺上涨1.7%。然而，金融类股表现不佳，法国兴业银行下跌0.6%，安盛银行下跌0.5%。

The CAC 40 traded flat around 7,853 on Tuesday, following a notable gain of over 1% in the previous session, as investors took a breather amid optimism surrounding the US-China trade deal. The two countries agreed to suspend most tariffs for 90 days, with the US reducing the tariffs on Chinese goods from 145% to 30%, while China lowered tariffs on US goods from 125% to 10%. Meanwhile, investors continued to monitor ongoing corporate earnings reports. Luxury stocks led the charge, with Kering topping the index with a 2.5% gain, LVMH up 1.2%, and Hermès rising 1%. The auto sector also showed strength, with Stellantis NV advancing 2.1% and Renault adding 1.7%. However, financial stocks underperformed, with Société Générale declining 0.6% and AXA falling 0.5%.

在巴黎，CAC 40指数周一上涨106点，涨幅1.37%。LVMH（6.98%）、意法半导体（6.74%）和Stellantis NV（6.51%）领涨。

In Paris, the CAC 40 Index gained 106 points or 1.37 percent on Monday. Gains were led by LVMH (6.98%), STMicroelectronics (6.74%) and Stellantis NV (6.51%).

CAC 40指数周一上涨1.4%，收于7850点，连续第三次上涨，创下六周新高，受美中贸易谈判突破的乐观情绪提振。两国同意在90天内暂停对彼此商品征收大部分关税，美国将对中国进口商品的互惠关税从145%降至30%，而中国将对美国进口商品的关税从125%降至10%。美国商务部长霍华德·卢特尼克指出，对其他国家商品征收10%的基准关税可能会保持不变。与此同时，特朗普总统宣布计划签署一项行政命令，使美国药品价格与其他发达经济体保持一致。在企业方面，奢侈品巨头领涨，LVMH（7%）、爱马仕（3.5%）、依视路（2.8%）和开云（5.9%）的股价飙升，因为人们希望世界上最大的两个经济体的需求更强劲。其他表现最佳的公司包括Stellantis、安赛乐米塔尔和意法半导体，其股价上涨了4.8%至6.8%。

The CAC 40 rose 1.4% to close at 7,850 on Monday, marking a third straight gain and reaching a six-week high, lifted by renewed optimism over a breakthrough in US–China trade talks. The two countries agreed to suspend most tariffs on each other’s goods for 90 days, with the US slashing reciprocal tariffs on Chinese imports from 145% to 30%, while China will lower duties on US imports from 125% to 10%. US Commerce Secretary Howard Lutnick noted the 10% baseline tariff on goods from other countries will likely remain in place. Meanwhile, President Trump announced plans to sign an executive order to align US drug prices with those in other advanced economies. On the corporate front, luxury giants led the rally, with shares of LVMH (7%), Hermès (3.5%), Essilor (2.8%), and Kering (5.9%) surging on hopes of stronger demand from the world’s two largest economies. Other top performers included Stellantis, ArcelorMittal, and STMicroelectronics, which added between 4.8% and 6.8%.