欧元/波兰兹罗提 (EURPLN) 加自选

DAX指数从早盘下跌中恢复，周五收于19323点，上涨1%，欧洲和北美的风险情绪有所改善，尽管PMI数据低于预期，加剧了人们对欧洲经济前景日益黯淡的担忧。初步PMI数据显示，欧元区私营部门活动再次收缩，服务业也加入了制造业衰退。德国和法国成为该地区表现最差的国家。此外，德国第三季度GDP增长下调至0.1%，而最初估计为0.2%。医疗保健行业大幅上涨，赛多利斯和默克分别上涨3.5%和2.5%。科技股也表现良好，英飞凌和Zalando分别上涨3.5%和6.4%。另一方面，银行业落后，德意志银行和德国商业银行分别下跌3%和1.5%。

The DAX recovered from early losses and closed 1% higher at 19,323 on Friday, carried by improved risk sentiment across Europe and North America, despite weaker-than-expected PMI data heightening concerns about the increasingly bleak economic outlook in Europe. Preliminary PMI data indicated a return to contraction in Eurozone private sector activity, with the services sector joining the manufacturing downturn. Germany and France emerged as the weakest performers in the region. In addition, Germany's Q3 GDP growth was revised downward to 0.1%, compared to the initial estimate of a 0.2% increase. Healthcare advanced sharply, with Sartorius and Merck advancing 3.5% and 2.5%, respectively. Tech also performed, well, with Infineon and Zalando gaining 3.5% and 6.4%. On the other hand, banks lagged with Deutsche Bank and Commerzbank dropping 3% and 1.5%.

富时MIB在周五波动的交易日早盘下跌，收于33495点，上涨约0.6%，追随华尔街良好表现后的其他欧洲同行。美国最新PMI调查显示，11月表现强于预期。与此同时，欧元区和主要欧洲国家令人失望甚至担忧的数据提高了人们对欧洲央行将采取强有力行动支持该地区经济复苏的预期。在股票中，Brunello Cucinelli（+3.8%）领涨，其次是Diasorin（+3.2%）和Recordati（+2.9%）。另一方面，受利率下降前景的影响，银行表现最差，这可能会侵蚀机构利润率。在此背景下，联合信贷银行领跌，下跌1.9%，而Bper（-1.5%）、Banco BPM（-1.2%）和MPS（-1.%）也出现了亏损。然而，本周富时MIB指数暴跌约2%。

The FTSE MIB cut early losses to close about 0,6% higher at 33,495 on a volatile session Friday, tracking other European peers in the wake of the good performance of Wall Street. A fresh PMI survey from the US revealed stronger-than-expected performance in November. Meanwhile, disappointing and even worrying figures from the eurozone and key European nations have raised expectations that the ECB will act strongly to support the region’s economic recovery. Among stocks, Brunello Cucinelli (+3.8%) led the gains, followed by Diasorin (+3.2%) and Recordati (+2.9%). On the flip side, banks saw the worst performance, impacted by the prospect of falling rates, which can erode institutional margins. In this context, Unicredit led the declines, falling by 1.9%, while Bper (-1.5%), Banco BPM (-1.2%), and MPS (-1.%) also recorded losses. For the week, however, the FTSE MIB slumped around 2%.

周五，欧洲股市震荡收高，得益于全球风险情绪的改善，市场评估了商业活动放缓对欧洲企业巨头的影响。欧元区斯托克50指数上涨0.7%，收于4789点，泛欧斯托克600指数上涨1.2%，收于508点。科技股领涨，在美国金融市场开放后，ASML、Adyen和英飞凌股价上涨3.2%至1.7%。反过来，消费周期性股票也有所上涨，Stellantis从本周的疲软势头中反弹，上涨了3%，而LVMH和Hermes的股价分别上涨了1.5%。这些发展足以抵消欧洲经济放缓带来的悲观情绪，采购经理人指数数据显示，11月欧元区私营部门活动意外收缩。本周，斯托克50指数收盘基本持平，斯托克600指数上涨1%。

European stocks closed a choppy session firmly higher on Friday, benefiting from an improvement in global risk sentiment as markets assessed the impact of slowing business activity on European corporate giants. The Eurozone’s Stoxx 50 added 0.7% to close at 4,789, and the pan-European Stoxx 600 jumped 1.2% to close at 508. Tech shares led the gains, gaining traction after the opening of financial markets in the US with ASML, Adyen, and Infineon jumping between 3.2% and 1.7%. In turn, consumer cyclical stocks also advanced, with Stellantis rebounding from its poor momentum this week with a 3% rise, while LVMH and Hermes shares increased by 1.5% each. The developments were enough to offset pessimism from a slowing European economy, with PMI data showing that private sector activity in the Eurozone unexpectedly contracted in November. On the week, the Stoxx 50 closed broadly flat and the Stoxx 600 added 1%.

CAC 40指数周五上涨0.6%，收于7255点，交易员评估了PMI数据和企业新闻，同时忽略了俄罗斯-乌克兰的紧张局势和欧洲黯淡的经济前景。欧元区11月商业活动减弱，低于预期，因为服务业10个月来首次收缩，而制造业仍然疲软。在法国，初步估计显示综合采购经理人指数进一步下降，低于预期。在企业方面，奢侈品股表现最佳，LVMH上涨1.4%，爱马仕上涨1.7%，欧莱雅上涨1.9%，这得益于伯恩斯坦的积极前景。其他强劲上涨的股票包括赛诺菲、Stellantis和Unibail-Rodamco-Westfield，涨幅在2.5%至3.1%之间。相反，在英国严重欺诈办公室对涉嫌贿赂和腐败展开调查后，泰雷兹股价下跌2.9%。尽管周五出现反弹，CAC 40指数仍录得0.3%的周跌幅，这是连续第五周下跌。

The CAC 40 climbed 0.6% to close at 7,255 on Friday as traders assessed flash PMI data and corporate news while looking past Russia-Ukraine tensions and Europe's gloomy economic outlook. Eurozone business activity weakened in November, missing expectations as the services sector contracted for the first time in 10 months, while manufacturing remained sluggish. In France, preliminary estimates showed the Composite PMI declined further, underperforming forecasts. On the corporate front, luxury stocks were among the top performers, with LVMH rising 1.4%, Hermès up 1.7%, and L'Oréal gaining 1.9%, bolstered by a positive outlook from Bernstein. Other strong gainers included Sanofi, Stellantis, and Unibail-Rodamco-Westfield, which added between 2.5% and 3.1%. Conversely, Thales tumbled 2.9% after the UK’s Serious Fraud Office launched an investigation into alleged bribery and corruption. Despite Friday’s rebound, the CAC 40 recorded a 0.3% weekly loss, its fifth straight weekly decline.