欧洲斯托克50指数 (EuroStoxx50) 加自选

德国30年期债券拍卖从之前的3.17%上涨至3.26%。德国30年期债券拍卖从之前的3.17%上涨至3.26%

Germany 30-y Bond Auction up to 3.26% from previous 3.17%.Germany 30-y Bond Auction up to 3.26% from previous 3.17%

周二，欧洲股市连续第二个交易日上涨，从上周触及的三周低点反弹，因为人们越来越乐观地认为美国政府关门可能很快就会结束。斯托克50指数上涨0.5%，至5690点，而斯托克600指数上涨0.7%，至577点。共和党控制的众议院将于周一对参议院批准的一项支出方案进行投票，这可能最快于周三结束美国政府长达41天的停摆记录。该法案将资助大部分政府行动至1月30日，并资助一些机构至9月30日。议长迈克·约翰逊表示，他预计该法案将迅速通过。在个股中，LVMH上涨1.9%，此前彭博社报道称计划于12月在中国开设大型新店并探索进一步扩张，而沃达丰在上调全年收益和现金流预测后上涨了5%以上。其他显著上涨的公司包括阿迪达斯（+2.6%）、诺基亚（+1.8%）、西班牙电信（+1.8%.）和林德（+1.7%.）。

European stocks rose for a second straight session on Tuesday, rebounding from three-week lows hit last week amid growing optimism that the US government shutdown may soon end. The STOXX 50 gained 0.5% to 5,690 points, while the broader STOXX 600 climbed 0.7% to 577 points. The Republican-controlled House is set to vote on a spending package approved by the Senate on Monday, potentially ending the record 41-day US government shutdown as soon as Wednesday. The bill would fund most government operations through January 30 and some agencies through September 30, with Speaker Mike Johnson saying he expects swift passage. Among individual stocks, LVMH rose 1.9% after Bloomberg reported plans to open major new stores in China in December and explore further expansion there, while Vodafone jumped over 5% after upgrading its full-year earnings and cash flow forecast. Other notable gainers included Adidas (+2.6%), Nokia (+1.8%), Telefonica (+1.8%), and Linde (+1.7%).

2025年11月，欧元区ZEW经济情绪指标较上月上升2.3点，至25点，高于市场预期的23.5点。11月，约62%的受访分析师预计经济活动不会发生变化，31.5%的人预计经济活动会改善，6.5%的人预计会恶化。与此同时，当前经济形势指标上升4.5点至-27.3，通胀预期下降4.4点至-2.7。

The ZEW Indicator of Economic Sentiment for the Euro Area rose by 2.3 points from the prior month to 25 in November 2025, above market estimates of 23.5. In November, about 62% of the surveyed analysts expected no changes in economic activity, 31.5% predicted improvement and 6.5% anticipated a deterioration. In the meantime, the indicator of the current economic situation increased by 4.5 points to -27.3 and inflation expectations went down by 4.4 points to -2.7.

2025年11月，德国ZEW经济景气指数降至38.5，低于10月份的三个月高点39.3，也低于市场预期的40，反映出人们对政府实施有效经济政策的能力的信心减弱。ZEW总裁Achim Wambach教授表示：“投资计划应该提供经济刺激，但结构性问题依然存在。”。化工和金属行业的前景尤其疲软，而银行和保险业也较上月有所下降。相比之下，私人消费有了显著改善，增长了13.3个百分点，电气工程、服务、电信和IT行业略有增长。与此同时，11月当前经济状况指数上涨1.3点，至-78.7。

Germany’s ZEW Indicator of Economic Sentiment slipped to 38.5 in November 2025, down from October’s three-month high of 39.3 and below market expectations of 40, reflecting waning confidence in the government’s ability to implement effective economic policies. “The investment program should provide an economic stimulus, but structural problems persist,” said ZEW President Prof. Achim Wambach. The outlook is particularly weak for the chemical and metal industries, while the banking and insurance sectors also registered declines compared with last month. In contrast, private consumption saw a notable improvement, rising 13.3 points, and the electrical engineering, service, telecommunications, and IT sectors posted modest gains. Meanwhile, the current economic conditions index rose 1.3 points to -78.7 in November.