CAC 40指数周五微涨0.1%，收于8112点，因关税担忧加剧，投资者情绪依然低迷。虽然美国总统唐纳德·特朗普建议与英国达成潜在的免关税贸易协议，但他也暗示本周早些时候即将对欧盟征收新税。与此同时，投资者消化了企业盈利和法国关键经济数据，包括初步估计显示，2025年2月通货膨胀率从1月的1.7%急剧放缓至四年低点0.8%，低于1%的预测。在个股中，圣戈班在公布了更高的FY24净利润后上涨了1.9%。相反，尽管Teleperformance报告了更高的收入和积极的2025年前景，但其股价下跌了7.5%。CAC 40指数2月上涨2.4%，连续第五个月上涨。

The CAC 40 edged 0.1% higher to close at 8,112 on Friday, as investor sentiment remained subdued amid escalating tariff concerns. While U.S. President Donald Trump suggested a potential tariff-free trade deal with the UK, he also hinted at imminent new levies on the European Union earlier this week. Meanwhile, investors digested corporate earnings and key French economic data, including preliminary estimates showing inflation slowed sharply to a four-year low of 0.8% in February 2025 from 1.7% in January, below forecasts of 1%. Among individual stocks, Saint-Gobain gained 1.9% after posting higher FY24 net income. Conversely, Teleperformance tumbled 7.5% despite reporting higher revenue and a positive 2025 outlook. The CAC 40 advanced 2.4% in February, marking its fifth consecutive monthly gain.

法国10年期政府债券收益率跌至3.1%，为2月13日以来的最低水平，因为投资者在权衡贸易紧张局势加剧和欧洲军费开支增加的前景的同时，消化了法国通胀比预期更大的跌幅。法国2月份的通胀率降至0.8%，为2021年2月以来的最低水平，低于市场预期的1%。与此同时，2024年第四季度GDP收缩0.1%，这是自2023年第一季度以来的首次下降，同时私人就业人数也有所下降。然而，1月份家庭消费下降幅度低于预期。人们普遍预计，欧洲央行下周将再降息25个基点，并预示着未来将进一步放松。加剧市场担忧的是，美国总统唐纳德·特朗普宣布计划对欧盟进口商品征收25%的关税，包括汽车和其他商品，此前墨西哥和加拿大商品将于周二征收25%的税，对中国进口商品征收10%的额外税。

The yield on France’s 10-year government bond fell toward 3.1%, its lowest since February 13th, as investors digested a sharper-than-expected drop in French inflation while weighing rising trade tensions and the prospect of higher military spending in Europe. France's inflation rate slid to 0.8% in February, the lowest since February 2021 and below market expectations of 1%. Meanwhile, GDP contraction was confirmed at 0.1% in Q4 2024, the first decline since Q1 2023, alongside a drop in private employment. However, household consumption fell less than anticipated in January. The ECB is widely expected to cut rates by another quarter point next week and signal further easing ahead. Adding to market concerns, US President Donald Trump announced plans to impose a 25% tariff on EU imports, including cars and other goods, following the upcoming 25% duty on Mexican and Canadian goods set for Tuesday and an additional 10% levy on Chinese imports.

CAC 40指数周五下跌0.5%，至8060点，延续了前一交易日的跌幅，因关税担忧加剧，市场情绪依然低迷。美国总统唐纳德·特朗普表示，美国和英国可以达成一项免关税的贸易协议，同时本周早些时候还暗示即将宣布对欧盟征收新税。与此同时，投资者处理了一批新的企业盈利结果以及法国的关键经济数据。值得注意的是，初步估计显示，年通货膨胀率从上个月的1.7%大幅放缓至2025年2月的四年低点0.8%，低于市场预期的1%。在个股中，Teleperformance是最大的输家，尽管报告了更高的收入和积极的2025年前景，但股价下跌了12%。相比之下，圣戈班在报告了更高的FY24净收入后上涨了1.9%。本月，该指数有望连续第五个月上涨。

The CAC 40 dropped 0.5% to 8,060 on Friday, extending losses from the previous session as market sentiment remained subdued amid escalating tariff concerns. US President Donald Trump suggested that the U.S. and the UK could strike a trade deal free of tariffs, while also hinting earlier this week at the imminent announcement of new levies on the European Union. Meanwhile, investors processed a fresh batch of corporate earnings results alongside key economic data from France. Notably, preliminary estimates revealed that the annual inflation rate slowed significantly to a four-year low of 0.8% in February 2025 from 1.7% in the previous month and below market expectations of 1%. Among individual stocks, Teleperformance was the biggest loser, with shares dropping 12% despite reporting higher revenue and a positive 2025 outlook. In contrast, Saint-Gobain rose 1.9% after reporting higher FY24 net income. Over the month, the index is on track for its fifth consecutive monthly gain.

在巴黎，CAC 40指数下跌了46点。领跌的是Teleperformance SE（-12.00%）、开云集团（-2.65%）和意法半导体（-2.25%）。涨幅最大的是圣戈班（1.91%）、空客（0.44%）和Orange（0.28%）。

In Paris, the CAC 40 Index is dropping 46 points. Leading the losses are Teleperformance SE (-12.00%), Kering (-2.65%) and STMicroelectronics (-2.25%). Top gainers were Saint-Gobain (1.91%), Airbus (0.44%) and Orange (0.28%).