欧元/挪威克朗 (EURNOK) 加自选

每周焦点-法国将迎来另一位总理。本周主要是政治事件。周一，法国新任命的总理塞巴斯蒂安·莱科尔努在上任仅26天后辞职，引发了该国的另一场政治危机。

Weekly Focus – France to Get Yet Another Prime Minister.This week was dominated by political events. On Monday, France's newly appointed Prime Minister Sébastien Lecornu resigned after just 26 days in the role, triggering yet another political crisis in the country.

周五，欧洲股市在小幅涨跌之间波动，主要受矿业和能源股拖累。在中国加强了对稀土及相关技术的出口管制，并禁止其公民从事未经授权的海外采矿后，市场情绪受到压力。与此同时，随着加沙停火生效，油价下跌，缓解了人们对通过苏伊士运河和红海运输原油的担忧。在单个板块中，西门子能源下跌3.1%，安赛乐米塔尔下跌2.9%，壳牌下跌1%，英国石油下跌0.7%。国防类股也面临压力，赛峰集团下跌1.5%，莱茵金属公司下跌2.3%，伦克公司下跌2.6%，莱昂纳多公司下跌4.3%，亨索特公司下跌4.7%。另一方面，Stellantis在报告第三季度交付量增长13%后上涨了近1%，梅赛德斯-奔驰上涨了2.1%。此外，Jyske Bank是表现最好的银行之一，在上调每股收益指导后上涨了4%。本周，STOXX 50指数下跌0.4%，而STOXX 600指数迄今上涨0.1%。

European stocks swung between small gains and losses on Friday, weighed down mainly by mining and energy shares. Sentiment was pressured after China tightened export controls on rare earths and related technologies and barred its citizens from engaging in unauthorized overseas mining. Meanwhile, oil prices declined as the ceasefire in Gaza took effect, easing concerns about crude shipments through the Suez Canal and the Red Sea. Among individual movers, Siemens Energy fell 3.1%, ArcelorMittal dropped 2.9%, Shell lost 1%, and BP declined 0.7%. Defense stocks were also under pressure, with Safran down 1.5%, Rheinmetall 2.3%, Renk 2.6%, Leonardo 4.3%, and Hensoldt 4.7%. On the other hand, Stellantis gained nearly 1% after reporting a 13% increase in Q3 deliveries and Mercedes-Benz added 2.1%. Also, Jyske Bank was among the top performers, rising 4% after raising its earnings per share guidance. For the week, the STOXX 50 is down 0.4%, while the STOXX 600 is up 0.1% so far.

德国DAX指数周五小幅下跌，收于24500点左右，投资者在近期达到峰值后获利回吐，国防股在特朗普总统支持的中东和平协议后走弱。国防名称Hensoldt和Renk跌至指数底部，分别下跌4.2%和2.6%，Rheinmetall也下跌2%。MTU航空发动机公司（-3.4%）和西门子能源公司（-2.6%）也面临压力。与此同时，投资者仍然关注法国的政治局势和美国政府长期停摆，同时为下周第三季度财报季的开始做准备。在涨幅最大的股票中，拜耳和梅赛德斯-奔驰集团脱颖而出，分别上涨2.8%和2%。本周，DAX指数有望上涨0.7%。

Germany's DAX turned slightly negative to trade around 24,500 on Friday, as investors booked profits after recent peaks and defense stocks weakened following the Middle East peace deal backed by President Trump. Defense names Hensoldt and Renk slipped toward the bottom of the index, shedding 4.2% and 2.6%, with Rheinmetall also down 2%. MTU Aero Engines (-3.4%) and Siemens Energy (-2.6%) also faced pressure. Meanwhile, investors remained focused on the political situation in France and the prolonged US government shutdown, while bracing for the start of the Q3 earnings season next week. Among top gainers, Bayer and Mercedes-Benz Group stood out, rising 2.8% and 2%, respectively. For the week, the DAX was poised to book a 0.7% gain.

意大利10年期英国国债收益率徘徊在3.5%左右，略低于法国总理辞职扰乱市场后的3.6%的高点，因为投资者在欧洲进一步的政治行动中保持谨慎。市场正密切关注法国总统马克龙准备任命新总理，这标志着他任期内政府领导层的第六次更迭。标准普尔全球将于周五审查意大利的信用评级，市场预计在增长疲软抵消财政进展的情况下，“BBB+”评级和稳定前景将得以维持。在宏观方面，欧洲央行表示有意保持利率稳定，并表示目前的政策足以将中期通胀目标锚定在2%。

The yield on Italy’s 10-year BTP hovered around 3.5%, holding slightly below the high of 3.6% after the French prime minister’s resignation rattled markets, as investors remained cautious amid further political moves in Europe. Markets are closely watching French President Macron as he prepares to appoint a new prime minister, marking the sixth change of government leadership during his tenure. S&P Global is set to review Italy’s credit rating on Friday, with markets expecting the “BBB+” rating and stable outlook to be maintained amid weak growth offsetting fiscal progress. On the macro front, the European Central Bank signaled its intention to keep interest rates steady, stating that current policy is sufficient to anchor the medium-term inflation target at 2%.