在巴黎，CAC 40指数周五上涨82点，涨幅1.02%。涨幅居前的是圣戈班（6.88%）、开云（3.25%）和施耐德电气（2.81%）。

In Paris, the CAC 40 Index rose 82 points or 1.02 percent on Friday. Leading the gains are Saint-Gobain (6.88%), Kering (3.25%) and Schneider Electric (2.81%).

周五，CAC 40指数上涨0.89%，收于8088点，打破了连续两天的跌幅，强劲的盈利业绩抵消了美国通胀疲软的进一步迹象。TotalEnergies指数上涨2.23%，此前该公司公布第一季度利润降幅小于预期，因有弹性的石油需求抵消了欧洲天然气价格下跌的影响。此外，在法国建筑材料巨头圣戈班第一季度收入超出预期后，该公司股价飙升6.7%。此外，开云股价上涨3.07%，此前有报道称，开云股东批准了三名新的董事会成员，其中包括长期高管Jean-François Palus。相反，空中客车公司在对运营环境进行评估后下跌了近0.71%，称其“没有改善的迹象”。本周，CAC 40指数上涨0.85%。

The CAC 40 rose by 0.89% to close at 8,088 on Friday, breaking a two-day losing streak as strong earnings results offset further signs of sticky inflation in the US. TotalEnergies jumped by 2.23% after reporting a smaller-than-expected drop in first quarter profits, as resilient oil demand offset the impact of lower natural gas prices in Europe. Also, Saint Gobain surged 6.7% after the French building materials giant’s Q1 revenue surpassed expectations. Additionally, shares of Kering rose 3.07% following reports that Kering shareholders approved three new board members in light of recent departures, including long-time executive Jean-François Palus. Conversely, Airbus dropped nearly 0.71% following the company’s assessment of the operating environment, which it described as showing “no signs of improvement”. On the week, the CAC 40 saw gains of 0.85%.

随着投资者仔细审查各种经济指标及其对欧洲央行和美联储政策路径的潜在影响，法国10年期OAT收益率从4月25日达到的3.1%的近期峰值回落至3%。在欧洲，欧洲央行的一项调查显示，该地区12个月的通胀预期在3月份下调至2021年12月以来的最低水平，最终为3.0%。此外，欧盟内部的贷款活动仍然停滞不前，这增强了人们的信心，即央行最早可能在6月首次降息。与此同时，在大西洋彼岸，美国在第一季度和3月份经历了持续的通胀压力，同时也出现了强劲的消费数据。这些因素表明，美联储在9月之前不太可能接受任何降息。

The French 10-year OAT yield eased towards the 3% level, pulling back from a recent peak of 3.1% reached on the 25th of April, as investors scrutinize various economic indicators and their potential impact on the policy paths of both the ECB and the Federal Reserve. In Europe, an ECB survey revealed that 12-month inflation expectations in the region were revised downwards in March to their lowest level since December 2021, settling at 3.0%. Additionally, lending activity within the bloc remained stagnant, bolstering the belief that the central bank might introduce its first rate cut as early as June. Meanwhile, across the Atlantic, the US experienced indications of ongoing inflationary pressures throughout the first quarter and March, alongside robust consumption figures. These factors indicate that the Fed is unlikely to entertain any interest rate cuts until September.

周五，CAC 40指数上涨0.4%，至8045点，打破了连续两天的下跌势头，这得益于美国科技巨头微软和谷歌母公司Alphabet的强劲表现，为科技行业提供了提振。引人注目的个股包括圣戈班，在这家法国建筑材料巨头第一季度收入略超预期后，其股价飙升约6%。此外，开云股价上涨3.1%，此前有报道称，开云股东批准了三名新的董事会成员，其中包括长期高管Jean-François Palus。相反，在空中客车公司对运营环境进行评估后，该公司的运营环境显著下降了约2.3%，并称其“没有改善的迹象”。与此同时，随着投资者寻求对美联储货币政策轨迹的深入了解，投资者的注意力现在转向了人们翘首以盼的美国PCE价格数据的发布。

The CAC 40 rose 0.4% to 8,045 on Friday, breaking a two-day decline streak, propelled by strong performances from US tech giants Microsoft and Google-parent Alphabet, which provided a boost to the tech sector. Remarkable individual stocks included Saint Gobain, whose shares surged around 6% after the French building materials giant's Q1 revenue slightly surpassed expectations. Also, shares of Kering rose 3.1% following reports that Kering shareholders approved three new board members, in light of recent departures, including long-time executive Jean-François Palus. Conversely, Airbus saw a notable decline of approximately 2.3% following the company's assessment of the operating environment, which it described as showing "no signs of improvement". Meanwhile, investor attention now turns to the eagerly awaited release of PCE price data from the US later today, as investors seek insights into the Federal Reserve's monetary policy trajectory.