英国6个月期国债 (UK6M) 加自选

周四，富时100指数上涨0.9%，达到创纪录的9138点，在对关税讨论持乐观态度的情况下，表现优于欧洲同行。当人们的注意力集中在欧盟-美国贸易谈判上时，英国和印度签署了一项期待已久的贸易协定，涵盖了汽车和酒精的关税。该协议由英国贸易大臣乔纳森·雷诺兹和印度贸易大臣皮尤什·戈亚尔在伦敦附近签署，预计将为英国经济增加48亿英镑。强劲的企业更新和英镑走弱也提振了市场。英国电信在公布业绩改善后上涨10.5%，利洁时在单位销售后上调指导价，上涨10.3%，杰富瑞强调了主要品牌的强劲销售。豪顿细木工上涨8.6%，增长好于预期。在经济方面，英国服务业和综合采购经理人指数数据低于预期，表明私营部门增长放缓，而制造业数据超过预期，收缩缓解程度超过预期。与此同时，正如预期的那样，欧洲央行将利率稳定在2%。

The FTSE 100 rose 0.9% to a record 9138 on Thursday, outperforming European peers amid optimism over tariff discussions. While attention centered on EU-US trade talks, the UK and India signed a long-awaited trade pact, covering tariffs on cars and alcohol. Signed near London by Trade Secretary Jonathan Reynolds and Indian counterpart Piyush Goyal, the deal is expected to add £4.8 billion to the UK economy. Markets were also lifted by strong corporate updates and a weaker pound. BT jumped 10.5% after posting improving results, and Reckitt Benckiser surged 10.3% on a guidance upgrade following a unit sale, with Jefferies highlighting strong sales in key brands. Howden Joinery rose 8.6% on better-than-expected growth. On the economic front, UK services and composite PMI data missed expectations, pointing to slower private sector growth, while manufacturing data beat forecasts, with the contraction easing more than expected. Meanwhile, the ECB held rates steady at 2%, as expected.

在伦敦，富时100指数周四上涨79点，涨幅0.88%。领涨的是英国电信（10.46%）、利洁时（10.34%）和豪登细木工（8.62%）。跌幅最大的是苏格兰和南方能源公司（-3.16%）、比兹利（-2.25%）和3i（-1.82%）。

In London, the FTSE 100 Index rose 79 points or 0.88 percent on Thursday. Leading the gains are BT (10.46%), Reckitt Benckiser (10.34%) and Howden Joinery (8.62%). Top losers were SSE (-3.16%), Beazley (-2.25%) and 3i (-1.82%).

英国的商业活动和英镑都面临压力。PMI商业活动指数的初步估计显示，服务业增长率放缓，而制造业活动略有放缓。

Business Activity in the UK is Under Pressure, as is Pound.Preliminary estimates of PMI business activity indices showed a slowdown in the growth rate of the services sector, while manufacturing activity slowed slightly.

英国工业联合会（CBI）的调查显示，英国的总订单余额从6月份的-33微升至2025年7月的-30，尽管低于市场预期的-28。该数据突显出制造业持续疲软，英国企业订单连续第36个月大幅萎缩。调查还显示，预期平均售价有所上升，余额从6月份的+19升至+21。英国工业联合会首席经济学家本·琼斯表示：“英国制造业的状况仍然具有挑战性，许多公司报告称需求疲软且不可预测。”。

The Confederation of British Industry (CBI) survey showed that the UK’s total order book balance rose slightly to -30 in July 2025, up from -33 in June, though it fell short of market expectations for -28. The data highlights ongoing weakness in the manufacturing sector, with British firms experiencing a sharp contraction in orders for the 36th consecutive month. The survey also revealed an uptick in expected average selling prices, with the balance rising to +21 from +19 in June. “Conditions in UK manufacturing remain challenging, with many firms reporting subdued and unpredictable demand,” said Ben Jones, lead economist at the CBI.