法国6月初步CPI上涨0.9%，而预期同比上涨0.7%。法国6月份的通胀率略高，其中最突出的是服务业通胀率本月升至2.4%，高于5月份的2.1%。

France June preliminary CPI +0.9% vs +0.7% y/y expected.French inflation ticks just a little higher in June, with the standout being that services inflation is seen higher at 2.4% on the month - up from 2.1% in May.

法国和西班牙通胀数据今日提上议程。这将是今天晚些时候欧洲贸易经济日历上的主要项目。但除非出现任何意外，否则通胀数据不会对整个夏季的前景产生影响。

French and Spanish inflation data on the agenda today.That will be the main items on the economic calendar in European trading later today. But barring any surprises, the inflation numbers aren't going to make a splash on the outlook through the summer.

CAC 40指数没有变化，在前一天下跌0.8%后，周四稳定在7557点，投资者在以色列和伊朗停火的缓解与美国关税最后期限的谨慎之间取得了平衡。随着以色列和伊朗之间的休战有助于遏制地缘政治风险，面对特朗普政府为避免新关税而设定的7月9日最后期限，投资者的注意力转向了贸易谈判。与此同时，在美国的压力下，北约决定到2035年将国防开支目标提高到GDP的5%，这有利于军事部门的股票，而油价下跌则对能源部门造成了压力。在企业方面，增长和下降之间存在平衡，泰雷兹（+3.0%）和Edenred（+6.8%）等国防类股的积极反应，而家乐福（-7.5%）和EssilorLuxottica（-2.7%）是主要的负面变化。

The CAC 40 registered no variation, closed stable at 7,557 points on Thursday, after falling 0.8% the day before, with investors balancing relief at the ceasefire between Israel and Iran and caution in the face of the US tariff deadline. With the truce between Israel and Iran helping to contain geopolitical risks, investors' focus turned to trade negotiations in the face of the July 9th deadline imposed by the Trump administration for agreements to avoid new tariffs. At the same time, NATO's decision to raise its defense spending target to 5% of GDP by 2035, under pressure from the US, favored stocks in the military sector, while the drop in oil prices weighed on the energy segment. On the corporate front, there was a balance between increases and decreases, with positive reactions from defense stocks such as Thales (+3.0%), and also Edenred (+6.8%), while Carrefour (-7.5%) and EssilorLuxottica (-2.7%) were among the main negative variations.

周四早盘，CAC 40指数上涨0.1%，至约7560点，试图从上一交易日0.8%的下跌中恢复过来，这得益于以色列和伊朗之间停火的迹象。随着中东紧张局势的缓解，随着特朗普政府设定的7月9日与贸易伙伴谈判避免互惠关税协议的最后期限的临近，市场焦点又转移到了贸易发展上。在其他地方，北约成员国同意在美国总统唐纳德·特朗普再次施压后，到2035年将国防开支目标从GDP的2%提高到5%。国防类股对这一消息反应积极，空客上涨1.4%，泰雷兹上涨1.5%，赛峰集团上涨0.7%。

The CAC 40 rose 0.1% to around 7,560 in early trading on Thursday, attempting to recover from a 0.8% decline in the previous session, supported by signs that a ceasefire between Israel and Iran is holding. With tensions in the Middle East receding, market focus shifted back to trade developments, as the July 9 deadline set by the Trump administration for negotiating deals to avoid reciprocal tariffs with trading partners approaches. Elsewhere, NATO members have agreed to increase defense spending target from 2% of GDP to 5% by 2035, following renewed pressure from US President Donald Trump. Defense stocks responded positively to the news, with Airbus gaining 1.4%, Thales rising 1.5%, and Safran up 0.7%.