欧元/南非兰特 (EURZAR) 加自选

欧洲股市周二收高，因市场在白宫宣布新的关税后评估了美国对欧洲出口的前景。欧元区STOXX 50指数上涨0.5%，收于5370点，泛欧STOXX 600指数上涨0.4%，收于545点。除了部门关税外，美国还对主要的亚洲贸易伙伴征收关税，但将欧盟排除在最新措施之外，这使欧盟官员关于美国可能实现最低10%关税的声明成为焦点。由于关税对亚洲竞争对手的负面影响，汽车生产商上涨，宝马和Stellantis分别上涨2%和3%。此外，联合信贷银行股价上涨1.9%，因为预计欧盟将谴责意大利政府对该行收购Banco BPM的条件，这增加了收购发生的可能性。在欧元区以外，诺和诺德股价上涨2%。

European stocks closed firmly higher on Tuesday as markets assessed the outlook of European exports after the US following fresh tariff announcements by the White House. The Eurozone's STOXX 50 added 0.5% to close at 5,370 and the pan-European STOXX 600 rose 0.4% to close at 545. The US imposed tariffs on major Asian trading partners in addition to sectoral tariffs but excluded the EU from the latest measures, fixing the spotlight on statements from EU officials that the minimum 10% tariff by the US may be achieved. Auto producers gained due to the negative impact of tariffs on Asian competitors, with BMW and Stellantis adding 2% and 3%, respectively. Additionally, UniCredit added 1.9% as the EU is expected to rebuke the Italian government's conditions for the lender's takeover of Banco BPM, increasing the likelihood that the acquisition will take place. Outside the Eurozone, Novo Nordisk jumped 2%.

CAC？周二，40指数收复失地，收于7767点，上涨0.6%，创下近一个月新高，这要归功于布鲁塞尔和华盛顿将在8月前达成初步贸易协议的新希望？st1关税最后期限，据报道，该协议将锁定10%的基准税，同时为航空航天和奢侈品等敏感行业提供豁免。美欧关系的解冻提振了法国的出口冠军，LVMH和空中客车分别增加了1.5%和0.9%，缓解了其主要市场征收高额关税的风险。与此同时，原油价格的反弹为TotalEnergies（2%）提供了新的支撑。最后，6月份法国的快速采购经理人指数出人意料地上涨，服务业活动保持在52.5以上，制造业稳定在49左右，这表明经济可以度过暂时的贸易逆风，并鼓励投资者重新转向周期性名称。

The CAC?40 index clawed back losses to close 0.6% higher at 7,767 on Tuesday reaching a near one-month high thanks to renewed hopes that Brussels and Washington will agree a preliminary trade deal before the August?st1 tariff deadline, a pact that reportedly would lock in a 10% baseline levy while carving out exemptions for sensitive sectors such as aerospace and luxury goods. This thaw in US–EU relations has buoyed France’s export champions, LVMH and Airbus have each added 1.5% and 0.9%, respectively, by easing the risk of steep duties on their key markets. Meanwhile, a rebound in crude has lent fresh support to TotalEnergies (2%). Finally, June’s flash PMI for France surprised to the upside, services activity holding above 52.5 and manufacturing stabilizing around 49, suggesting the economy can weather temporary trade headwinds, and encouraging investors to rotate back into cyclical names.

富时MIB指数周二上涨0.5%，收于40132点，追随欧元区主要市场的涨势。美国总统唐纳德·特朗普宣布对14个主要亚洲国家征收进口关税，除非达成协议，否则该关税将于8月1日生效，欧元区主要市场似乎基本不受影响。米兰的表现优于同行，其中联合信贷银行（+1.6%）和Banco BPM（+3.4%）领涨，此前彭博社报道称，欧盟预计将命令意大利政府撤销对其合并交易施加的条件。最早可能在今天做出决定；否则，欧盟可能会因意大利违反欧盟法律而对其提起侵权诉讼。政府将有机会在最终裁决之前作出回应。Stellantis（+2.5%）和Saipem（+2.3%）也贡献了涨幅。下跌方面，A2A（-1.2%）、Unipol（-1.4%）、Hera（-0.7%）和Inwit（-0.7%。

The FTSE MIB index rose 0.5% on Tuesday to close at 40,132, tracking gains across major Euro Area markets, which appeared largely unfazed by the import tariffs announced by US President Donald Trump on 14 mostly Asian countries, set to take effect on August 1 unless agreements are reached. Milan outperformed peers, lifted by UniCredit (+1.6%) and Banco BPM (+3.4%) after Bloomberg reported that the EU is expected to order the Italian government to revoke conditions imposed on their merger deal. A decision could come as early as today; otherwise, the EU may initiate infringement proceedings against Italy for violating EU law. The government will have a chance to respond before a final ruling. Stellantis (+2.5%) and Saipem (+2.3%) also contributed to gains. On the downside, A2A (-1.2%), Unipol (-1.4%), Hera (-0.7%), and Inwit (-0.7%) posted losses.

法兰克福DAX指数周二下午上涨0.6%，突破24200点，为6月6日以来的最高点，反映出对潜在的美欧贸易协定持谨慎乐观态度。欧盟正寻求本周与美国达成一项初步贸易协议，允许其在8月1日的最后期限后锁定10%的关税。据Politico报道，美国提出了一项协议，将保留10%的基准关税，并对飞机和烈酒等敏感行业给予豁免。特朗普总统周一通知日本、韩国和其他12个国家，除非达成新的贸易协议，否则他们将从8月1日起面临至少25%的关税，同时表示对谈判持开放态度。在经济新闻方面，由于美国在关税威胁下的需求大幅下降，德国5月份的出口连续第二个月下降。涨幅最大的股票包括德国商业银行（+3.5%）、拜耳（+2.8%）、巴斯夫（+2.5%），保时捷（+2.2%）和MTU航空发动机（+1.9%）。西门子能源和费森尤斯落后。

Frankfurt's DAX rose 0.6% to surpass 24,200 on Tuesday afternoon, its highest since June 6, reflecting cautious optimism on a potential US-EU trade agreement. The European Union is seeking to conclude a preliminary trade deal with the US this week that would allow it to lock in a 10% tariff rate beyond an August 1 deadline. According to Politico, the US offered a deal that would keep the 10% baseline tariffs with exemptions for sensitive sectors like aircraft and spirits. President Trump notified Japan, South Korea, and 12 others countries on Monday, that they face tariffs of at least 25% from August 1 unless new trade deals are reached, while expressing openness to negotiations. In economic news, Germany's exports declined for the second straight month in May due to the sharp fall in demand from the US amid tariff threats. Top equity gainers included Commerzbank (+3.5%), Bayer (+2.8%), BASF (+2.5%), Porsche (+2.2%), and MTU Aero Engines (+1.9%). Siemens Energy anf Fresenius lagged.