欧元/丹麦克朗 (EURDKK) 加自选

在米兰，富时MIB指数周三上涨224点，涨幅0.62%。涨幅最大的是Davide Campari Milano（2.92%）、Nexi（2.30%）和Infrastructure Wire（2.30%。最大的损失来自Buzzi Unicenter（-4.58%）、Iveco Group（-3.73%）和Interpump Group（-2.82%）。

In Milan, the FTSE MIB Index went up by 224 points or 0.62 percent on Wednesday. Top gainers were Davide Campari-Milano (2.92%), Nexi (2.30%) and Infrastrutture Wire (2.30%). Biggest losses came from Buzzi Unicem (-4.58%), Iveco Group (-3.73%) and Interpump Group (-2.82%).

欧洲股市周三收窄早盘跌幅，但仍下跌，受悲观企业盈利和持续担忧美国政府的关税将侵蚀主要经济体增长的压力。欧元区STOXX 50指数收于4967点，略低于平线，泛欧STOXX 600指数下跌0.2%，收于507点。ASML公布其收入下降，并指出围绕美国不可预测的经济政策的担忧可能会影响其主要客户的订单，导致其股价暴跌5.2%。与此同时，LVMH在发布悲观的收入后，本周下跌1%，跌幅扩大至8%左右。另一方面，银行延续了强劲势头，以防止更广泛行业的损失，北欧银行、联合信贷银行和法国巴黎银行的涨幅接近2%。

European stocks trimmed early losses but still lower on Wednesday, pressured by pessimistic corporate earnings and persistent concerns that tariffs by the US government will erode growth for major economies. The Eurozone's STOXX 50 closed marginally below the flatline at 4,967 and the pan-European STOXX 600 dropped 0.2% to close at 507. ASML posted a decline in its revenues and noted that concerns surrounding the unpredictable economic policy in the US is likely to hit orders from its main clients, driving its share price to plunge by 5.2%. In the meantime, LVMH lost 1% to extend its decline this week to around 8% after its pessimistic revenues post. On the other hand, banks extended their strong momentum to prevent losses for the broader sector, with Nordea, UniCredit, and BNP Paribas adding close to 2%.

法兰克福DAX指数周三扭转了早盘超过1%的跌幅，收于21311点，此前中国表示，如果美国采取更一致的立场，可能会恢复贸易谈判。在唐纳德·特朗普总统下令对关键矿产进口的潜在关税进行调查，并对英伟达的人工智能芯片对中国实施新的出口限制后，贸易紧张局势升级。投资者现在关注的是美联储主席杰罗姆·鲍威尔今天晚些时候的讲话和周四欧洲央行的决定，在通胀疲软和贸易紧张局势加剧影响全球增长的情况下，预计将连续第六次降息25个基点。在股市中，赛多利斯表现最佳，在公布第一季度收益大幅增长后飙升超过10%。E.ON股价上涨1.9%，此前该公司宣布与Superdielectrics合作，推广和开发英国开发的电池解决方案。另一方面，Brenntag、Qiagen NV、西门子能源和英飞凌科技的表现较弱。

The DAX in Frankfurt reversed early losses of over 1% to close slightly higher at 21,311 on Wednesday, after China signaled it may resume trade talks if the U.S. adopts a more consistent stance. Trade tensions escalated after President Donald Trump ordered an investigation into potential tariffs on critical mineral imports and introduced new export restrictions on Nvidia’s AI chips to China. Investors are now focused on remarks from Fed Chair Jerome Powell later today and Thursday’s ECB decision, with a sixth consecutive 25 basis point rate cut expected amid soft inflation and growing trade tensions impacting global growth. Among equities, Sartorius was the top performer, surging over 10%, after posting a jump in first-quarter earnings. E.ON rose 1.9% after announcing its collaboration with Superdielectrics to promote and develop the British-developed battery solution. On the other hand, Brenntag, Qiagen NV, Siemens Energy, and Infineon Technologies saw weaker performance.

德国10年期国债收益率跌至2.5%，为3月初以来的最低水平，因为投资者在全球贸易紧张局势升级的情况下寻求欧洲基准避险资产德国债券的庇护。与此同时，对美国国债的需求减弱，反映出对美国资产的信心减弱。美国和德国10年期债券的收益率差约为1.8个百分点，为2月份以来的最高水平，当时对欧洲财政支出增加的预期和德国大选结果提高了德国国债收益率。与此同时，人们普遍预计欧洲央行将在周四降息25个基点。市场参与者将密切关注政策制定者如何评估贸易冲突对欧元区经济的影响以及利率的可能路径。

The yield on Germany’s 10-year Bund fell to 2.5%, the lowest level since early March, as investors sought refuge in German debt, Europe’s benchmark safe-haven asset, amid escalating global trade tensions. At the same time, demand for US Treasuries weakened, reflecting waning confidence in American assets. The yield spread between US and German 10-year bonds is around 1.8 percentage points, the highest since February, when expectations of increased fiscal spending in Europe and Germany’s election results had lifted Bund yields. Meanwhile, the European Central Bank is widely expected to deliver a 25 basis point rate cut on Thursday. Market participants will be closely watching for guidance on how policymakers assess the trade conflict’s impact on the Eurozone economy and the likely path for interest rates.