惠誉评级周五将法国的主权信用评级从AA-下调至A+，理由是政治动荡和债务上升。就在几天前，弗朗索瓦·贝鲁在议会对一项紧缩预算的信任投票失败后辞去了总理职务。惠誉表示，新的评级是法国主要信用评级机构有记录以来的最低评级，前景稳定。法国总统埃马纽埃尔·马克龙本周任命保守派效忠者塞巴斯蒂安·莱科尔努组建新政府，此前立法者在对他提出的440亿欧元（520亿美元）预算紧缩的信任投票中罢免了资深中间派弗朗索瓦·贝鲁。标准普尔对法国的信用评级目前为AA-，展望为负面。穆迪上一次将法国评级为Aa3，前景稳定。DBRS Morningstar的评级最后报告为AA（高），前景也为负面。

Fitch Ratings downgraded France's sovereign credit rating to A+ from AA- on Friday, citing political turmoil and rising debt. The downgrade comes just days after François Bayrou resigned as prime minister following a loss of a parliamentary confidence vote over an attempted austerity budget. The new rating — the lowest on record from a major credit rating agency for France — carries a stable outlook, according to Fitch. President Emmanuel Macron this week appointed Sébastien Lecornu, a conservative loyalist, to form a new government after lawmakers ousted veteran centrist François Bayrou in a confidence vote over his proposed €44 billion (USD 52 billion) budget squeeze. Standard & Poor’s credit rating for France currently stands at AA- with a negative outlook. Moody’s last rated France at Aa3 with a stable outlook. DBRS Morningstar's rating was last reported at AA (high), also with a negative outlook.

周五，CAC 40指数微涨至7825点，将连胜延续至第五个交易日，因为投资者在押注美联储下周降息的同时稍作休息。美国通胀数据与预期大致相符，尽管首次申请失业救济人数跃升至近四年来的最高点，加强了即将放松的理由。欧洲央行暗示其降息周期可能已经结束，拉加德总统表示，通货紧缩已基本结束，增长风险更加平衡，市场现在正在等待惠誉在收盘后对法国主权评级的审查。随着俄罗斯-乌克兰战争的加剧，国防集团泰雷兹领涨，上涨2.8%，施耐德电气（+1.0%）、开云集团（+0.9%）和凯捷集团（+1.6%）也上涨。奢侈品牌爱马仕（-1.0%）、欧莱雅（-0.7%）和EssilorLuxottica（-0.7%。从9月22日星期一起，泛欧交易所将取代CAC 40中的TP（前身为Teleperformance）。

The CAC 40 closed marginally higher at 7,825 on Friday, loosely extending its winning streak to a fifth session as investors took a breather while bets on a Federal Reserve rate cut next week mounted. US inflation data came in roughly in line with expectations even as jobless claims jumped to a near four-year high, reinforcing the case for imminent easing. The ECB signalled its rate-cut cycle may be over, with President Lagarde saying disinflation has largely run its course and growth risks are more balanced, and markets now await Fitch’s review of France’s sovereign rating after the close. Defence group Thales led gainers, up 2.8% as the Russia–Ukraine war intensified, while Schneider Electric (+1.0%), Kering (+0.9%) and Capgemini (+1.6%) also advanced. Luxury names Hermès (-1.0%), L’Oréal (-0.7%) and EssilorLuxottica (-0.7%) underperformed. Euronext will replace TP (formerly Teleperformance) in the CAC 40 from Monday, September 22nd.

法国10年期政府债券收益率升至3.5%，因投资者在惠誉即将进行的主权评级审查之前感到担忧。预计该机构将在欧洲市场交易时间后宣布其决定，可能会将法国的评级从AA-下调至a+。在宏观经济方面，美国通胀数据符合预期，而首次申请失业救济人数攀升至近四年来的最高点，支持了对美联储下周降息的押注。在欧洲，最近的经济指标表明经济增长温和，风险平衡，欧洲央行发出降息周期结束的信号。地缘政治紧张局势也仍然是焦点。关键的事态发展包括美国呼吁欧盟对印度和中国征收关税，以及波兰击落俄罗斯无人机，这给市场增加了更多的不确定性。

France’s 10-year government bond yield rose to 3.5% as investors worried ahead of Fitch’s upcoming sovereign rating review. The agency is expected to announce its decision after European market hours, with a potential downgrade that could lower France’s rating to A+ from AA-. On the macroeconomic front, US inflation data met expectations, while initial jobless claims climbed to a near four-year high, bolstering bets on a Federal Reserve rate cut next week. In Europe, recent economic indicators point to moderate growth and balanced risks, with the European Central Bank signaling the end of its rate-cutting cycle. Geopolitical tensions also remain in focus. Key developments include US calls for EU tariffs on India and China and Poland’s shooting down of a Russian drone, adding further uncertainty to markets.

CAC 40指数周五微涨0.1%，至7835点，连续第五个交易日上涨，投资者押注美联储下周降息。美国通胀数据符合预期，而首次申请失业救济人数跃升至近四年来的最高点，加强了货币宽松的理由。与此同时，欧洲央行暗示其降息周期可能已经结束，拉加德总统指出，通货紧缩已经结束，增长风险现在更加平衡。投资者现在正在等待惠誉评级对法国主权信用评级的审查，该审查将于今天市场收盘后进行。在单个板块中，泰雷兹（+0.7%）、意法半导体（+1.1%）、圣戈班（+1.1%%）和安赛乐米塔尔（+1.3%）上涨，而道达尔能源（-0.6%）、埃西洛鲁索蒂卡（-0.3%）和斯特兰蒂斯（-0.2%）下跌。在其他新闻中，泛欧交易所将从9月22日星期一开始取代CAC 40中的TP（前身为Teleperformance）。

The CAC 40 edged up 0.1% to 7,835 on Friday, marking a fifth straight session of gains as investors bet on a Federal Reserve rate cut next week. US inflation data came in line with expectations, while jobless claims jumped to a near four-year high, reinforcing the case for monetary easing. Meanwhile, the European Central Bank signaled its rate-cut cycle may be over, with President Lagarde noting that disinflation has run its course and growth risks are now more balanced. Investors are now awaiting Fitch Ratings’ review of France’s sovereign credit rating, due after the market close today. Among individual movers, Thales (+0.7%), STMicroelectronics (+1.1%), Saint-Gobain (+1.1%), and ArcelorMittal (+1.3%) advanced, while TotalEnergies (-0.6%), EssilorLuxottica (-0.3%), and Stellantis (-0.2%) traded lower. In other news, Euronext will replace TP (formerly Teleperformance) in the CAC 40 starting Monday, September 22.