意大利2年期国债 (Italy2Y) 加自选

在米兰，富时MIB指数周三上涨532点，涨幅1.33%。依维柯集团（7.44%）、Interpump集团（3.99%）和锡耶纳银行（3.55%）领涨。

In Milan, the FTSE MIB Index gained 532 points or 1.33 percent on Wednesday. Gains were led by Iveco Group (7.44%), Interpump Group (3.99%) and Banca Monte dei Paschi di Siena (3.55%).

本周三，富时MIB指数上涨1.3%，收于40697点，与欧洲各地的涨幅一致，此前唐纳德·特朗普宣布与日本达成一项贸易协议，其中包括15%的关税，低于日本汽车的27.5%，这提振了美国和欧盟之间达成类似协议的希望。会谈今天在华盛顿恢复。汽车制造商领涨：Stellantis飙升9.1%，追随亚洲同行的势头，而依维柯上涨7.3%，因持续猜测塔塔汽车可能会从阿涅利家族控股的EXOR手中收购该公司。联合信贷银行股价上涨3.6%，此前该行公布了创纪录的第二季度利润，并上调了2025年收益和分配的预期。由于意大利政府的新反对，该银行放弃了对Banco BPM的收购（-2.5%），并表示一旦市场条件允许，很可能在今年开始36亿欧元的股票回购。

The FTSE MIB jumped 1.3% to close at 40,697 this Wednesday, in line with gains across Europe, after Donald Trump announced a trade deal with Japan that includes 15% tariffs—down from 27.5% for Japanese autos—boosting hopes of a similar agreement between the US and EU. Talks resume today in Washington. Automakers led gains: Stellantis surged 9.1%, tracking momentum in Asian peers, while Iveco rose 7.3% on ongoing speculation that Tata Motors may buy the company from EXOR, the Agnelli family's holding. UniCredit gained 3.6% after reporting record Q2 profit and raising guidance for 2025 earnings and distributions. The bank, which dropped its bid for Banco BPM (-2.5%) due to fresh opposition from the Italian government, said it will begin its €3.6 billion share buyback as soon as market conditions permit, likely this year.

IT40指数升至40970.00点，为2007年10月以来的最高点。在过去的4周里，意大利股市指数（IT40）上涨了3.71%，在过去的12个月里，它上涨了18.77%。

IT40 increased to 40970.00 Index Points, the highest since October 2007. Over the past 4 weeks, Italy Stock Market Index (IT40) gained 3.71%, and in the last 12 months, it increased 18.77%.

意大利10年期债券收益率升至3.5%，结束了连续两天的下跌，这得益于新宣布的美日贸易协定的缓解，该协定缓解了对全球关税升级的担忧，并重新点燃了人们对美国和欧盟之间达成类似协议的期望。尽管如此，市场情绪仍然谨慎。报道显示，欧盟特使正在准备应急措施，以防与特朗普总统的贸易谈判陷入僵局，因为他的政府在8月1日的最后期限之前采取了更激进的立场。投资者的注意力现在转移到周四的欧洲央行政策会议和欧元区最大经济体PMI数据的发布上。人们普遍预计，欧洲央行在连续八次降息后将保持利率稳定，因为官员们在贸易紧张局势持续、欧元坚挺和通胀疲软的情况下暂停评估前景。货币市场完全预计到年底将降息25个基点，9月份降息的可能性约为50%。

Italy's 10-year bond yield rose toward 3.5%, ending a two-day losing streak, driven by relief over the newly announced US-Japan trade agreement, which eased fears of escalating global tariffs and reignited expectations for a similar deal between the US and the EU. Still, market sentiment remains cautious. Reports indicate that EU envoys are preparing contingency measures in case trade negotiations with President Trump falter, as his administration takes a more aggressive stance ahead of the August 1 deadline. Investor focus now shifts to Thursday’s European Central Bank policy meeting and the release of flash PMI data from the eurozone’s largest economies. The ECB is widely expected to hold rates steady after eight straight cuts, as officials pause to assess the outlook amid lingering trade tensions, a firm euro, and weak inflation. Money markets are fully pricing in a 25 basis point rate cut by year-end, with about a 50% probability of it occurring in September.