周四，CAC 40指数上涨0.5%，收于7538点，结束了连续三天的下跌，交易员消化了一波企业盈利。雷诺领涨，在公布好于预期的第三季度销量后，飙升近5%，达到一个多月来的最高水平。达能在公布第三季度有机收入增长强于预期后，也上涨了近3%。此外，爱马仕股价在报告第三季度销售额达到预期后上涨了约2.3%。Orange上涨1.9%，创下一周新高，此前该电信公司第三季度收入增长超出市场预期。在下行方面，Edenred暴跌14.2%，至2018年7月以来的最低水平，此前第三季度收入报告令人失望，低于预期。在经济方面，2024年10月制造业PMI从上月的44.6降至44.5，而服务业PMI降至48.3，为七个月来最大跌幅。

The CAC 40 rose 0.5% to 7,538 on Thursday, snapping a three-day losing streak, as traders digested a wave of corporate earnings. Renault led the gains, surging nearly 5% to its highest level in over a month after reporting better-than-expected Q3 sales. Danone also gained nearly 3% after posting a stronger-than-expected organic revenue growth for Q3. Additionally, Hermès shares rose around 2.3% after reporting Q3 sales that met expectations. Orange advanced 1.9%, reaching a one-week high after the telecom company exceeded market forecasts for its Q3 revenue growth. On the downside, Edenred plummeted 14.2% to its lowest level since July 2018, following a disappointing Q3 revenue report that fell short of expectations. On the economic front, the manufacturing PMI ticked lower to 44.5 in October 2024, from 44.6 in the previous month, while the services PMI fell to 48.3, its sharpest decline in seven months.

法国PMI综合指数降至47.3，经济困境加剧。法国10月份的经济困境加剧，PMI数据显示，关键行业进一步收缩。PMI制造业从44.6微降至44.5。

France's PMI composite falls to 47.3, economic struggles deepen.France's economic woes intensified in October, with PMI data showing further contraction across key sectors. PMI Manufacturing edged down slightly from 44.6 to 44.5.

初步估计显示，标准普尔全球法国制造业采购经理人指数从9月的44.6降至2024年10月的44.5，低于市场预期的44.9。这标志着连续第21个月出现收缩，原因是产出和新订单持续下降，国内和国际订单量都没有复苏的迹象。因此，尽管商品生产部门报告称实施了短期工作做法，但公司还是减少了人员配备水平。与此同时，在长期疲软的情况下，一个小小的希望是投入价格开始下跌。展望未来，制造商仍然悲观，公司报告了自2020年5月以来最悲观的前景。

The S&P Global France Manufacturing PMI edged down to 44.5 in October 2024, from 44.6 in September, falling below market expectations of 44.9, preliminary estimates showed. This marks the 21st consecutive month of contraction, driven by a sustained drop in output and new orders, with both domestic and international order volumes showing no signs of recovery. Consequently, firms reduced their staffing levels, although the goods-producing sector reported implementing short-time working practices. Meanwhile, a small silver lining amid the prolonged weakness is the beginning of a decline in input prices. Looking ahead, manufacturers remain downbeat, with firms reporting their most pessimistic outlook since May 2020.

HCOB法国综合采购经理人指数从9月份的48.6降至2024年10月的47.3，低于市场预期的49。这标志着私营部门连续第二个月出现收缩，也是九个月来最大的收缩。服务业继续萎缩（9月份PMI为48.3对49.6），而制造业活动仍处于严重低迷状态（PMI为44.5对44.6）。受出口市场需求大幅下降的推动，新订单总额出现了今年最大的下降，对非国内客户的销售额以2020年5月以来的最快速度下降。与此同时，投入价格通胀降至近四年来的最低水平，而产出价格在9月份保持不变后小幅上涨。最后，由于经济前景的不确定性挥之不去，商业情绪跌至11个月低点。在法国，总理米歇尔·巴尼耶正在应对脆弱的政治格局和悬而未决的2025年预算，这两者都进一步削弱了人们的信心。

The HCOB France Composite PMI fell to 47.3 in October 2024, down from 48.6 in September and below market estimates of 49. This marks the 2nd consecutive month of contraction in the private sector and the steepest in nine months. The services sector continued to shrink (PMI at 48.3 vs 49.6 in September), while manufacturing activity remained in a severe downturn (PMI at 44.5 vs 44.6). Total new orders saw their sharpest decline of the year, driven by a significant drop in demand from export markets, with sales to non-domestic clients falling at the fastest rate since May 2020. Meanwhile, input price inflation eased to its lowest level in nearly four years, while output prices rose modestly after remaining unchanged in September. Lastly, business sentiment dipped to an 11-month low as uncertainty lingers in the economic outlook. In France, Prime Minister Michel Barnier is navigating a fragile political landscape and an unresolved 2025 budget, both of which further undermine confidence.