欧元/瑞郎 (EURCHF) 加自选

周一，欧洲股市收盘创下历史新高，对美中贸易流动恢复的乐观情绪提振了全球增长前景。欧元区STOXX 50指数上涨0.6%，至5711点，STOXX 600指数上涨0.2%，至577点，均处于历史最高点。美国和中国官员发出的积极信号提高了人们的预期，即在特朗普总统和Xi周四会晤后，世界上最大的经济体将消除一些相互设置的贸易壁垒，支持企业回报的前景。与此同时，欧洲央行将保持利率不变，而美联储本周可能会降息。保时捷股价上涨3%，此前其营业亏损低于预期。银行股也大幅上涨，联合圣保罗银行、联合信贷银行和西班牙对外银行上涨近2%，而施耐德银行在摩根士丹利上调评级后上涨2.1%。此外，ASML、Prosus和英飞凌股价上涨3%至1.5%，因为Mag7本周的盈利可能会支撑科技行业。

European stocks closed at new record highs on Monday as optimism around restored trade flows between the US and China aided the outlook for global growth. The Eurozone's STOXX 50 added 0.6% to 5,711 and the STOXX 600 rose 0.2% to 577, both at historical peaks. Positive signals from US and Chinese officials raised expectations that the world's largest economies are due to remove some of the trade barriers placed against each other following the meeting by Presidents Trump and Xi Jinping on Thursday, supporting the outlook for corporate returns. Meanwhile, the ECB is due to hold its rates while the Fed is likely to cut rates this week. Porsche jumped 3% after posting a smaller operating loss than expected. Banks also rose sharply with Intesa Sanpaolo, UniCredit, and BBVA adding close to 2%, while Schneider advanced 2.1% on an upgrade from Morgan Stanley. Additionally, ASML, Prosus, and Infineon jumped between 3% and 1.5% as Mag7 earnings this week could support the tech sector.

在米兰，富时MIB指数周一上涨425点，涨幅1.00%。锡耶纳银行（3.57%）、泰纳瑞斯银行（2.70%）和Bper Banca银行（2.60%）领涨。

In Milan, the FTSE MIB Index gained 425 points or 1.00 percent on Monday. Gains were led by Banca Monte dei Paschi di Siena (3.57%), Tenaris (2.70%) and Bper Banca (2.60%).

周一，德国DAX指数上涨约0.3%，收于24309点，创近一周新高，交易员欢迎华盛顿和北京之间达成贸易妥协的迹象，尽管在特朗普和Xi下周四会晤之前仍保持谨慎。据报道，中国政府计划推迟对稀有矿物的出口限制，恢复购买美国大豆，并帮助遏制芬太尼危机，以换取华盛顿放弃对中国商品征收100%额外关税的计划。本周，所有人的目光都将集中在主要央行的决定上，包括美联储周三和欧洲央行周四的决定。与此同时，大西洋两岸的季度财报季仍在继续。在股票方面，英飞凌科技（+2.4%）、西门子（+1.3%）和SAP（+0.9%）等科技公司表现最佳。除主要指数外，保时捷公司股价飙升3%，此前该公司公布的调整后营业亏损小于预期，并确认了其全年业绩指引。

Germany's DAX rose about 0.3% to close at 24,309 on Monday, a near one-week high, as traders welcomed signs of a trade compromise between Washington and Beijing, though caution persists ahead of next Thursday’s meeting between Trump and Xi. The Chinese government reportedly plans to delay export restrictions on rare minerals, resume US soybean purchases, and help curbing the fentanyl crisis in exchange for Washington waiving the planned 100% additional tariffs on Chinese goods. This week, all eyes will also be on decisions by major central banks, including the Federal Reserve on Wednesday and the ECB on Thursday. Meanwhile, the quarterly earnings season continues on both sides of the Atlantic. On equities, tech companies such as Infineon Technologies (+2.4%), Siemens (+1.3%) and SAP (+0.9%) were among the top performers. Outside the main index, Porsche AG surged 3% after the company posted an adjusted operating loss smaller than feared and confirmed its full-year guidance.

周一，富时MIB指数上涨1%，收于42913点，跑赢欧元区大多数其他股市，因特朗普-Xi峰会前华盛顿和北京之间的贸易紧张局势有所缓解。希望这次会议能够达成停战协议，暂停提高美国关税和中国出口管制，提振了市场情绪。银行股领涨，BPER Banca和UniCredit上涨2.4%。最重要的是，在Autonomous将股票从表现不佳上调至表现优异，并将目标价上调至9.18欧元后，锡耶纳银行以4%的涨幅脱颖而出，理由是在对Mediobanca（+1.6%）交易保持数月谨慎之后，这是一个有吸引力的切入点。泰纳瑞斯在获得墨西哥Trion深水项目的供应合同后上涨2.2%。意法半导体上涨1.1%，以减少上周因盈利引发的抛售。

The FTSE MIB gained 1% to close at 42,913 on Monday, outperforming most other bourses of the Eurozone amid easing trade tensions between Washington and Beijing ahead of the Trump–Xi summit. Hopes that the meeting will yield a truce pausing higher US tariffs and Chinese export controls boosted market sentiment. Banks led the advance, with BPER Banca adding and UniCredit adding 2.4%. On top of that, Banca Monte dei Pachi di Siena stood out with a 4% surge after Autonomous upgraded the stock to Outperform from Underperform and raised its target price to €9.18, citing an attractive entry point after months of caution over the Mediobanca (+1.6%) deal. Tenaris rose 2.2% after securing supply contracts for Mexico’s Trion deep-water project. STMicroelectronics added 1.1% to trim last week's earnings induced selloff.