在巴黎，CAC 40指数周五上涨49点，涨幅0.64%。涨幅最大的是意法半导体（5.21%）、凯捷（3.32%）和雷诺（2.14%）。最大的损失来自泰雷兹（-3.04%）、赛峰集团（-0.74%）和雅高集团（-0.61%）。

In Paris, the CAC 40 Index went up by 49 points or 0.64 percent on Friday. Top gainers were STMicroelectronics (5.21%), Cap Gemini (3.32%) and Renault (2.14%). Biggest losses came from Thales (-3.04%), Safran (-0.74%) and Accor (-0.61%).

CAC 40指数周五上涨0.6%，至7744点，在全球风险偏好改善的情况下延续了前一交易日的涨幅。美英初步贸易协议的宣布助长了乐观情绪，这是自美国上个月征收高额关税以来的首次此类协议。在美国总统特朗普暗示可能放松对中国商品的关税后，市场情绪进一步高涨，这取决于周末在瑞士举行的高层会谈的结果。该指数中的大多数股票上涨，意法半导体领涨，上涨3.3%。凯捷上涨3.3%，奢侈品巨头LVMH和欧莱雅分别上涨1.7%和2.1%。不利的一面是，泰雷兹在少数下跌股中表现最差，下跌2.8%。尽管周五上涨，但CAC 40指数每周下跌0.8%。

The CAC 40 rose 0.6% to 7,744 on Friday, extending gains from the previous session amid improving global risk appetite. Optimism was fueled by the announcement of a preliminary US-UK trade agreement, representing the first such deal since the US introduced heavy tariffs the previous month. Market sentiment was further lifted after US President Trump hinted at a possible relaxation of tariffs on Chinese goods, depending on the outcome of high-level talks set to take place in Switzerland over the weekend. Most stocks on the index advanced, led by STMicroelectronics, which jumped 3.3%. Capgemini rose 3.3%, while luxury giants LVMH and L'Oréal added 1.7% and 2.1%, respectively. On the downside, Thales was the worst performer among the few decliners, dropping 2.8%. Despite Friday’s gains, the CAC 40 posted a weekly decline of 0.8%.

法国10年期OAT收益率飙升至3.3%，触及4月15日以来的最高水平，因为对全球贸易谈判日益增长的乐观情绪激发了投资者对风险资产的兴趣。周四，美国总统唐纳德·特朗普和英国首相凯尔·斯塔默公布了一项有限的双边贸易协议。尽管该协议保留了特朗普对英国进口商品征收的10%关税，但它大大减轻了美国对英国汽车出口的关税，这可能为与其他国家达成类似协议打开了大门。与此同时，美国和中国之间的贸易谈判计划于本周末恢复，人们越来越希望对中国商品征收的145%的高额关税能够降低。反映这些发展，货币市场现在预计欧洲央行（ECB）的存款利率将从4月中旬的1.55%以下升至1.67%。这一调整是在欧洲央行表示准备进一步降低借贷成本以缓冲美国贸易政策对增长和通胀的经济影响之际进行的。

France’s 10-year OAT yield surged toward 3.3%, touching its highest level since April 15, as growing optimism over global trade negotiations fueled investor appetite for riskier assets. On Thursday, U.S. President Donald Trump and U.K. Prime Minister Keir Starmer unveiled a limited bilateral trade deal. Although the agreement preserves Trump’s 10% tariffs on British imports, it eases significant U.S. duties on British car exports, potentially opening the door for similar deals with other countries. At the same time, trade discussions between the U.S. and China are scheduled to resume this weekend, with hopes rising that the hefty 145% tariffs on Chinese goods could be reduced. Reflecting these developments, money markets now anticipate a European Central Bank (ECB) deposit rate of 1.67%, up from below 1.55% in mid-April. This adjustment comes as the ECB signals readiness to lower borrowing costs further to cushion the economic impact of U.S. trade policy on growth and inflation.

CAC 40指数周五上涨0.8%，至7752点，在全球情绪改善的情况下延续了前一交易日的涨幅。美英初步贸易协议的宣布助长了乐观情绪，这是自美国上个月征收高额关税以来的首次此类协议。在美国总统特朗普暗示可能放松对中国商品的关税后，市场情绪进一步高涨，这取决于周末在瑞士举行的高层会谈的结果。该指数中的大多数股票上涨，意法半导体领涨，上涨3.1%。凯捷集团上涨2.3%，奢侈品巨头开云集团和路威酩轩集团分别上涨2%和1.9%。不利的一面是，泰雷兹在少数下跌股中表现最差，下跌1.6%。尽管周五有所上涨，但CAC 40指数仍将小幅下跌。

The CAC 40 rose 0.8% to 7,752 on Friday, extending gains from the previous session amid improving global sentiment. Optimism was fueled by the announcement of a preliminary US-UK trade agreement, representing the first such deal since the US introduced heavy tariffs the previous month. Market sentiment was further lifted after US President Trump hinted at a possible relaxation of tariffs on Chinese goods, depending on the outcome of high-level talks set to take place in Switzerland over the weekend. Most stocks on the index advanced, led by STMicroelectronics, which jumped 3.1%. Capgemini rose 2.3%, while luxury giants Kering and LVMH added 2% and 1.9%, respectively. On the downside, Thales was the worst performer among the few decliners, dropping 1.6%. Despite Friday’s gains, the CAC 40 remains on track for a slight weekly decline.