欧洲斯托克50指数 (EuroStoxx50) 加自选

周四，欧洲股市开盘走低，美国总统唐纳德·特朗普威胁要在两周内征收单方面关税，迫使各国达成贸易协议，贸易担忧再次加剧，欧洲股市因此受到拖累。然而，美国财政部长斯科特·贝森特建议，特朗普政府可能会延长目前对在谈判中表现出“诚意”的国家暂停征收互惠关税的90天。尽管特朗普宣布与北京的贸易协议已经“完成”，但美中贸易谈判取得的初步进展也开始消退。在欧洲，投资者将密切关注英国的月度GDP数据和该地区最大零售商之一乐购的盈利结果。盘前交易中，欧洲斯托克50指数期货下跌0.7%，斯托克600指数期货下跌0.5%。

European equity markets were poised for a weaker open on Thursday, weighed down by renewed trade concerns after US President Donald Trump threatened to impose unilateral tariffs within two weeks to pressure countries into trade agreements. However, US Treasury Secretary Scott Bessent suggested that the Trump administration may extend the current 90-day pause on reciprocal tariffs for countries demonstrating “good faith” in negotiations. The initial boost from progress in the US-China trade talks also started to fade, even as Trump declared that a trade deal with Beijing was “done.” In Europe, investors will closely watch the UK’s monthly GDP data and earnings results from Tesco, one of the region’s largest retailers. In premarket trading, Euro Stoxx 50 futures fell 0.7%, while Stoxx 600 futures slipped 0.5%.

2025年5月，荷兰的年通货膨胀率为3.3%，与闪电估计相符，并指向自1月以来的最低水平。酒类和烟草（4月份为19.0%对20.6%）、娱乐和文化（1.9%对3.9%）、餐馆和酒店（2.7%对6.9%）以及教育（11.5%对12.2%）的价格有所下降。与此同时，运输成本八个月来首次下降（-1.5%对1.9%），而通信价格保持疲软（-4.1%对-4.1%）。相比之下，食品和非酒精饮料（4.2%对3.9%）、住房（5.0%对4.5%）、家庭维护（3.1%对2.4%）、健康（4.8%对4.1%）和杂项（4.6%对4.5%。此外，服装价格在4月份下跌0.1%后，上涨了0.5%，为3个月来最大涨幅。不包括能源、食品、酒精和烟草的核心通胀率降至3.0%，为一年来最低。每月，消费者价格指数在4月份上涨1.0%后下跌0.5%。欧盟统一通胀率从4月份的4.1%降至3.0%。

The annual inflation rate in the Netherlands stood at 3.3% in May 2025, matching flash estimates and pointing to the lowest print since January. Prices eased for alcohol and tobacco (19.0% vs 20.6% in April), recreation & culture (1.9% vs 3.9%), restaurants & hotels (2.7% vs 6.9%), and education (11.5% vs 12.2%). At the same time, cost of transport fell for the first time in eight months (-1.5% vs 1.9%) while communication prices stayed weak (-4.1% vs -4.1%). In contrast, inflation accelerated for food and non-alcoholic beverages (4.2% vs 3.9%), housing (5.0% vs 4.5%), household maintenance (3.1% vs 2.4%), health (4.8% vs 4.1%), and miscellaneous items (4.6% vs 4.5%). Also, clothing prices rose 0.5%, the most in 3 months, after a 0.1% fall in April. Core inflation, which excludes energy, food, alcohol, and tobacco, fell to 3.0%, the lowest in a year. Monthly, consumer prices dropped 0.5%, following a 1.0% gain in April. The EU-harmonized inflation rate eased to 3.0% from April's 4.1%.

荷兰5月消费者价格指数年环比从之前的4.1%降至3.3%。荷兰5月消费者价格指数年环比从之前的4.1%降至3.3%

Netherlands, The Consumer Price Index n.s.a (YoY) dipped from previous 4.1% to 3.3% in May.Netherlands, The Consumer Price Index n.s.a (YoY) dipped from previous 4.1% to 3.3% in May

CAC 40指数周三下跌0.4%，收于7785点，扭转了前一交易日的涨幅，因为投资者消化了美国和中国在伦敦举行的贸易谈判的结果。会谈最终达成了一项旨在重振日内瓦休战的初步框架协议。该计划考虑了可能的相互放松限制，中国可以放松对稀土和半导体出口的控制，而美国则考虑取消某些技术制裁。然而，该协议仍需双方领导人的批准，这并不能缓解投资者的谨慎态度。此外，欧盟当局表示，与美国正在进行的贸易谈判可能会延长到7月9日的最后期限之后，这加剧了不确定性。在企业领域，施耐德电气（-2.0%）、家乐福（-1.8%）和Stellantis NV（-1.5%）领跌，而阳狮（2.8%）和意法半导体（1.1%）领涨。

The CAC 40 fell 0.4% to close at 7,785 on Wednesday, reversing the gains of the previous session as investors digested the results of the trade talks between the US and China held in London. The talks ended with a preliminary framework agreement that seeks to revitalize the Geneva truce. The plan contemplates a possible mutual easing of restrictions, in which China could relax controls on the export of rare earths and semiconductors, while the US considers lifting certain technological sanctions. However, the agreement still requires the approval of both leaders, which doesn't ease investors' caution. In addition, EU authorities have signaled that the ongoing trade negotiations with the US could extend beyond the July 9 deadline, adding to the climate of uncertainty. In the corporate sphere, losses were led by Schneider Electric (-2.0%), Carrefour (-1.8%) and Stellantis NV (-1,5%), while gains came from Publicis (2.8%) and STMicroelectronics (1.1%).