欧元区EFSF债券 (EuroAreaEFSF) 加自选

周四早盘，富时MIB指数下跌逾1%，至约39700点，标志着该指数连续第四个交易日下跌，因对美国关税政策的担忧再次出现。美国总统唐纳德·特朗普周三表示，他打算在7月8日对数十个国家重新征收更高关税的最后期限之前，在未来一两周内向贸易伙伴发出信函，设定单方面关税税率。伊朗威胁称，如果核谈判失败，将打击美国在中东的基地，加剧了市场的紧张情绪。在企业方面，法拉利（-2.6%）、意法半导体（-3.0%）、普睿司曼（-2.5%）和Moncler（-2.6%）出现了重大亏损。

The FTSE MIB index dropped more than 1% to around 39,700 in early trading on Thursday, marking its fourth consecutive session of losses amid renewed concerns over US tariff policy. President Donald Trump on Wednesday said he intended to send letters to trading partners in the next week or two setting unilateral tariff rates, ahead of a July 8 deadline to reimpose higher duties on dozens of countries. Adding to market jitters, tensions in the Middle East escalated after Iran threatened to strike US bases in the region if nuclear negotiations fail. On the corporate front, significant losses were seen from Ferrari (-2.6%), STMicroelectronics (-3.0%), Prysmian (-2.5%), and Moncler (-2.6%).

CAC 40指数周四下跌0.7%，至7719点，延续了前一交易日的跌幅，因对关税威胁的担忧再次出现。美国总统唐纳德·特朗普周三宣布，将很快向主要贸易伙伴发出正式信函，详细说明旨在迫使各国达成新贸易协定的单边关税计划。在欧洲，投资者越来越担心欧盟在特朗普7月8日的最后期限之前达成协议的能力，这标志着当前关税暂停的结束。在其他地方，尽管特朗普声称与北京的协议已经“完成”，但早些时候对美中贸易谈判进展的乐观情绪开始消退。在个股中，明显落后的包括雅高（-3.1%）、意法半导体（-3%）和开云（-2.8%）。从好的方面来看，TotalEnergies是盘中表现最好的，上涨了近2%，因为中东地缘政治紧张局势升级引发的油价飙升提振了能源行业。

The CAC 40 fell 0.7% to 7,719 on Thursday, extending losses from the previous session amid renewed concerns over tariff threats. US President Donald Trump announced on Wednesday that formal letters would soon be sent to major trading partners, detailing planned unilateral tariffs aimed at pressuring countries into new trade agreements. In Europe, investors grew increasingly anxious about the European Union’s ability to secure a deal before Trump’s July 8 deadline, which marks the end of the current tariff pause. Elsewhere, earlier optimism over progress in US-China trade negotiations began to fade, despite Trump’s assertion that a deal with Beijing was “done.” Among individual stocks, notable laggards included Accor (-3.1%), STMicroelectronics (-3%), and Kering (-2.8%). On the upside, TotalEnergies was the session’s top performer, climbing nearly 2% as surging oil prices—fueled by escalating geopolitical tensions in the Middle East—boosted the energy sector.

法兰克福DAX指数周四下跌逾1%，至23700点以下，标志着连续第五个交易日下跌，表现落后于地区同行。特朗普总统的新贸易言论和与北京脆弱的贸易休战掩盖了美国温和通胀报告带来的乐观情绪。美国总统唐纳德·特朗普周三表示，他愿意延长贸易谈判的最后期限，但认为这可能没有必要，因为美国计划在两周内向主要贸易伙伴发出要约函，概述单方面关税。与此同时，中东地缘政治紧张局势加剧，影响了全球市场的市场情绪。在企业方面，几乎所有行业都下跌，房地产、制药、汽车、金融、银行和零售商跌幅最大。

Frankfurt's DAX fell more than 1% to below 23,700 on Thursday, marking the fifth straight sessions of decreases and underperforming its regional peers. Fresh trade remarks from President Trump and a fragile trade truce with Beijing overshadowed the optimism brought by a benign US inflation report. President Donald Trump said Wednesday he was willing to extend the trade talks deadline but believed it likely wouldn’t be necessary, as the US plans to send offer letters to major trading partners within two weeks outlining unilateral tariffs. At the same time, heightened geopolitical tensions in the Middle East weighed on market sentiment across global markets. On the corporate front, nearly all sectors traded lower, with real estate, pharmaceuticals, autos, financials, banks, and retailers among the top decliners.

欧洲股市周四下跌，STOXX 50指数下跌0.5%，STOXX 600指数下跌0.3%，贸易不确定性增加。唐纳德总统宣布计划在未来一到两周内向主要贸易伙伴发出信函，列出单边关税税率。然而，财政部长斯科特·贝森特建议，政府可能会延长目前对在谈判中表现出“诚意”的国家暂停征收互惠关税的90天。早些时候，特朗普还声称，与中国的新贸易框架已经敲定。在企业方面，开云集团（-1.6%）、大众汽车（-1.5%）、飞利浦（-1.4%）和宝马（-1.2%）的股价是当天跌幅最大的公司之一。相比之下，能源公司埃尼集团（+1.7%）和雷普索尔（+1.2%）上涨。乐购在报告销售增长加速后也上涨了约1.5%。

European stocks traded lower on Thursday, with the STOXX 50 dropping 0.5% and the STOXX 600 declining 0.3%, amid growing trade uncertainty. President Donald announced plans to send letters to key trading partners within the next one to two weeks, setting out unilateral tariff rates. However, Treasury Secretary Scott Bessent suggested the administration may extend the current 90-day pause on reciprocal tariffs for countries demonstrating “good faith” in negotiations. Earlier, Trump also claimed that a new trade framework with China had been finalized. On the corporate front, shares of Kering (-1.6%), Volkswagen (-1.5%), Philips (-1.4%), and BMW (-1.2%) were among the session’s biggest decliners. In contrast, energy firms Eni (+1.7%) and Repsol (+1.2%) posted gains. Tesco also rose around 1.5% after reporting an acceleration in sales growth.