法国央行周三在其季度展望中表示，法国已将2025年的GDP增长预测从之前的0.9%下调至0.7%，较去年的1.1%有所下降。此次修订是在贸易紧张局势影响了对法国出口的需求之际进行的。央行估计，美国总统唐纳德·特朗普的各种关税威胁造成的经济不确定性使今年的前景下降了0.1个百分点。与此同时，预计2026年经济将增长1.2%，低于此前预测的1.3%，主要得益于商业投资的改善。2027年，国内生产总值预计将增长1.3%（不变）。此外，根据欧盟范围内的统一方法计算，今年的平均通货膨胀率预计仅为1.3%，低于12月的估计值1.6%。央行补充说，由于受监管的电价降低、服务价格疲软和工资增长放缓，通货膨胀将低于预期。

France has revised its GDP growth forecast for 2025 to 0.7%, down from 0.9% previously, and a decrease from the 1.1% growth seen last year, the central bank said on Wednesday in its quarterly outlook. The revision comes as trade tensions have affected demand for French exports. The central bank estimated that the economic uncertainty caused by various tariff threats from U.S. President Donald Trump shaved 0.1 percentage points off the outlook for this year. Meanwhile, the economy is expected to grow by 1.2% in 2026, down from a previous forecast of 1.3%, mainly driven by an improvement in business investment. For 2027, GDP is expected to grow by 1.3% (unchanged). Additionally, inflation is projected to average only 1.3% this year, down from an estimate in December of 1.6%, calculated using an EU-wide harmonized method. The central bank added that inflation would be weaker than expected due to lower regulated electricity prices, softer service prices, and slower wage growth.

在巴黎，CAC 40指数周三上涨47点，涨幅0.59%。赛峰集团（5.05%）、Unibail-Rodamco（2.33%）和施耐德电气（2.26%）领涨。最大的输家是Edenred（-4.58%）、Teleperformance SE（-2.78%）和赛诺菲（-1.90%）。

In Paris, the CAC 40 Index gained 47 points or 0.59 percent on Wednesday. Gains were led by Safran (5.05%), Unibail Rodamco (2.33%) and Schneider Electric (2.26%). Biggest losers were Edenred (-4.58%), Teleperformance SE (-2.78%) and Sanofi (-1.90%).

周三，CAC 40指数上涨0.6%，收于7989点，打破了连续三个交易日的跌势，反映了大多数欧洲市场的积极势头，乌克兰停火前景后风险偏好有所改善。基辅已同意美国提出的30天停火协议，前提是俄罗斯接受这些条款，促使美国恢复对乌克兰的军事援助和情报共享。与此同时，欧盟透露计划从4月开始对价值260亿欧元的美国商品征收报复性关税，此前不久，美国对钢铁和铝进口征收25%的关税。工业板块领涨，赛峰集团上涨5%，施耐德电气上涨2.3%，泰雷兹上涨1.8%。金融巨头安盛、法国巴黎银行和法国农业信贷银行也表现强劲，涨幅在0.6%至2.1%之间。相反，大型股LVMH、欧莱雅和赛诺菲的跌幅在1.4%至1.8%之间。

The CAC 40 gained 0.6% to close at 7,989 on Wednesday, breaking a three-session losing streak and mirroring the positive momentum seen across most European markets as risk appetite improved following the prospect of a ceasefire in Ukraine. Kyiv has agreed to a US-proposed 30-day ceasefire, contingent on Russia's acceptance of the terms, prompting the US to resume military aid and intelligence-sharing with Ukraine. Meanwhile, the European Union revealed plans to impose retaliatory tariffs on €26 billion worth of American goods starting in April, shortly after the US imposed 25% tariffs on steel and aluminum imports. The industrial sector led the gains, with Safran jumping 5%, followed by Schneider Electric, which added 2.3%, and Thales, which rose 1.8%. Financial giants AXA, BNP Paribas, and Credit Agricole also saw strong performances, with gains ranging from 0.6% to 2.1%. Conversely, mega-caps LVMH, L'Oréal, and Sanofi, saw losses between 1.4% and 1.8%.

法国10年期政府债券收益率升至3.6%，为2011年4月以来的最高水平，这是由于人们乐观地认为欧洲军事和基础设施支出的增加将刺激经济增长。在党派谈判代表发表乐观言论的情况下，德国即将上任的总理弗里德里希·默茨正在努力确保议会支持大幅扩大国家借贷。在货币政策方面，欧洲央行（ECB）在提高近期通胀预测的同时，对未来的利率调整采取了更为谨慎的态度。此外，欧洲央行行长克里斯蒂娜·拉加德警告称，在贸易紧张局势升级和雄心勃勃的财政支出计划下，维持通胀稳定将变得更加具有挑战性。

The yield on France's 10-year government bond rose to 3.6%, its highest level since April 2011, driven by optimism that increased military and infrastructure spending in Europe will spur economic growth. Germany's soon-to-be chancellor, Friedrich Merz, is working to secure parliamentary backing for a significant expansion of state borrowing amid optimistic remarks from party negotiators. On the monetary policy front, the European Central Bank (ECB) struck a more cautious tone on future rate adjustments while raising its near-term inflation forecasts. Additionally, ECB President Christine Lagarde warned that maintaining inflation stability will become more challenging amid escalating trade tensions and ambitious fiscal spending plans.