欧元/人民币 (EURCNY) 加自选

周三，富时MIB指数下跌0.4%，收于39762点，因投资者监测到欧盟和美国之间不断升级的贸易紧张局势。在美国总统特朗普威胁从8月1日起对欧盟进口商品征收30%的关税后，欧盟贸易主管马罗斯·塞夫科维奇前往华盛顿进行谈判，欧洲表示这一关税将有效地阻止两个经济体之间的正常贸易。如果谈判失败，欧盟委员会已经准备好针对720亿欧元美国商品的反制措施。工业联合会主席伊曼纽尔·奥尔西尼强调，只有零关税是可以接受的，并指出欧元升值是欧洲出口商的另一个压力点。在企业方面，汽车相关股票领跌：拥有雪铁龙和标致的Stellantis下跌6.2%，此前雷诺对法国汽车行业的疲软预测导致其股价下跌18%，依维柯集团（-3.4%）追踪到面临美国高额关税的欧盟汽车制造商的更广泛疲软。相比之下，法拉利上涨2.1%。

The FTSE MIB index fell 0.4% to close at 39,762 on Wednesday as investors monitored escalating trade tensions between the EU and the US. EU trade chief Maros Sefcovic traveled to Washington for talks after US President Trump threatened a 30% tariff on EU imports starting August 1—a rate Europe says would effectively halt normal trade between the two economies. The European Commission has prepared countermeasures targeting €72 billion in US goods, should talks fail. Confindustria President Emanuele Orsini emphasized that only zero tariffs would be acceptable, citing the euro’s appreciation as another pressure point for European exporters. On the corporate front, auto-related stocks led losses: Stellantis, which owns Citroen and Peugeot, dropped 6.2% after a weak auto industry forecast in France by Renault drove its shares down 18%, and Iveco Group (-3.4%), tracked broader weakness in EU carmakers facing steep US tariffs. In contrast, Ferrari gained 2.1%.

法兰克福DAX指数试图短暂复苏，但周三收盘下跌0.2%，收于24048点，这是第五个交易日的下跌，受到持续的贸易不确定性和欧洲公司盈利疲软的压力。尽管投资者希望达成比之前概述的更有利的关税协议，但特朗普总统再次威胁要将关税扩大到药品和半导体——可能最早在8月1日，即实施其“互惠”税收政策的最后期限。欧盟贸易专员Maros Sefcovic将前往华盛顿，就美国征收的30%关税进行新一轮谈判。汽车制造商受到的打击最为严重，大众汽车下跌3.7%，保时捷公司下跌3%，梅赛德斯-奔驰集团下跌1.9%。Brenntag股价下跌2.6%，此前德意志银行将该股评级从买入下调至持有，并将目标价从57欧元下调至52欧元。

Frankfurt’s DAX attempted a brief recovery but closed 0.2% lower at 24,048 on Wednesday, the fifth session of losses, pressured by ongoing trade uncertainty and weak corporate earnings from European firms. While investors hoped for a more favorable tariff agreement than previously outlined, President Trump renewed his threat to extend tariffs to pharmaceuticals and semiconductors—possibly as soon as August 1, the deadline for implementing his 'reciprocal' tax policy. EU Trade Commissioner Maros Sefcovic is traveling to Washington for a new round of talks on the 30% tariff imposed by the US. Automakers were among the hardest hit, with Volkswagen falling 3.7%, Porsche AG down 3%, and Mercedes-Benz Group losing 1.9%. Brenntag fell 2.6% after Deutsche Bank downgraded the stock to Hold from Buy and cut its price target to €52 from €57.

欧洲股市周三第三个交易日收盘下跌，因美国关税的威胁挥之不去，对企业指导的影响越来越大。斯托克50指数下跌0.8%，收于5315点，斯托克600指数下跌0.5%，收于543点。ASML股价下跌11.4%，此前该公司警告称，2026年没有增长潜力，理由是宏观经济和地缘政治的不确定性，包括对运往美国的新系统和零件征收关税的风险以及其他国家可能采取的报复措施。尽管存在这些担忧，ASML的收入和收益均超过了第二季度的预期。此外，雷诺在下调了今年的利润率预期后暴跌18.5%。因此，其他汽车生产商收盘大幅下跌，Stellantis因对法国汽车需求的巨大敞口而下跌6.5%。与此同时，贸易紧张局势仍然是人们关注的焦点，特朗普总统表示，他可能会在本月底前对药品征收关税，并建议很快对半导体征税。

European stocks closed loser for a third session of Wednesday amid the lingering threat of tariffs from the US and their growing impact on corporate guidance. The STOXX 50 slipped 0.8% to close at 5,315 and the STOXX 600 fell 0.5% to 543. ASML tanked 11.4%after the company warned of no growth potential in 2026, citing macroeconomic and geopolitical uncertainties, including the risk of tariffs on new systems and parts shipped to the US and potential retaliatory measures from other countries. Despite these concerns, ASML beat Q2 estimates on both revenue and earnings. Also, Renault plunged 18.5% after cutting its margin outlook for the year. Consequently, other auto producers closed sharply lower with Stellantis sinking 6.5% due to its large exposure to French auto demand. Meanwhile, trade tensions remained in focus, with President Trump stating he may impose tariffs on pharmaceuticals by the end of the month, and suggesting that levies on semiconductors could follow soon.

CAC 40指数周三下跌0.6%，收于7722点，连续第四天下跌，原因是一波令人失望的企业更新与美国新的关税威胁相冲突。雷诺股价下跌18.5%，至2024年2月以来的最低水平，此前该公司下调了全年指引，公布了低于预期的上半年业绩，导致Stellantis股价下跌6.2%。工业股也表现不佳，圣戈班下跌2.4%，安赛乐米塔尔下跌2.9%，奢侈品集团开云集团下跌2.3%。特朗普总统警告称，他可能会在月底前对药品征收关税，并暗示下一步将对半导体征税，这加剧了人们对贸易战升级可能侵蚀欧洲出口商利润率和增长前景的担忧。

The CAC 40 slid 0.6% to close at 7,722 on Wednesday, its fourth straight day of declines, as a wave of disappointing corporate updates collided with fresh US tariff threats. Renault tumbled 18.5 % to its weakest level since February 2024 after cutting its full-year guidance and releasing H1 results that missed forecasts, driving Stellantis to tank 6.2%. Industrial names also underperformed, with Saint-Gobain off 2.4 % and ArcelorMittal down 2.9 %, and luxury group Kering shed 2.3 %. Adding to the pressure, President Trump warned he may impose tariffs on pharmaceuticals by month-end and hinted at levies on semiconductors next, reviving concerns that an escalating trade war could erode European exporters’ margins and growth prospects.