欧洲斯托克斯波动指数 (EuroStoxxVolatilityIndex) 加自选

德国经济部长：欧盟目前处于弱势地位。美国商务部长表示，特朗普与欧盟的谈判进行了大师班，但表示随着时间的推移，欧盟将认识到他们达成了一项好协议。

German economic minister: EU is currently negotiating from a position of weakness.US Commerce Sec. said that Trump conducted a master class with his negotiations with the EU but said that over time, EU will recognize that they made a good deal.

2025年6月，欧元区消费者通胀预期中值连续第二个月降至2.6%，为四个月来的最低水平，而5月份为2.8%。未来三年的预期保持不变，为2.4%，而未来五年的通胀预期连续第七个月稳定在2.1%。年轻的受访者继续报告称，他们对通胀的看法和预期低于年长的受访者，尽管这一差距比前几年缩小了。与此同时，消费者对未来12个月名义收入增长的预期在6月份保持不变，为1%，但预计名义支出增长从5月份的3.5%进一步降至3.2%。此外，未来12个月中的经济增长预期变得不那么消极（-1%对-1.1%），对未来12月失业率的预期从10.4%小幅降至10.3%

Median consumer inflation expectations in the Eurozone fell for a second consecutive month to 2.6% in June 2025, the lowest in four months, compared to 2.8% in May. Expectations for three years ahead were unchanged at 2.4%, while expectations for inflation five years ahead held steady at 2.1% for the seventh consecutive month. Younger respondents continued to report lower inflation perceptions and expectations than older respondents, although the gap was narrower than in previous years. Meanwhile, consumers’ expectations for nominal income growth over the next 12 months remained unchanged at 1% in June but expected nominal spending growth decreased further to 3.2% from 3.5% in May. In addition, economic growth expectations for the next 12 months became less negative (-1% vs -1.1%) and expectations for the unemployment rate 12 months ahead edged down to 10.3% from 10.4%

周二早盘，富时MIB指数上涨0.7%，至约41030点，投资者消化了一波企业盈利，并评估了新宣布的美欧贸易协定的影响。市场参与者也在等待美中高级官员之间的贸易谈判结果，预计目前的关税休战可能会再延长三个月。在企业新闻方面，BPER Banca周一表示，在收购要约结束时，它已获得Popolare di Sondrio 80.6%的股份。该公司股价上涨2.5%。其他金融股也上涨，包括联合信贷银行（+1.2%）、联合圣保罗银行（+1.3%）、Mediobanca（+1.4%）和Banco BPM（+1.5%）。其他板块的主要上涨股包括意法半导体（+2.3%）、莱昂纳多（+1.6%）和意大利兴业银行（+1.3%）。

The FTSE MIB advanced 0.7% to around 41,030 in early trading on Tuesday, as investors digested a wave of corporate earnings and assessed the implications of the newly announced US-EU trade agreement. Market participants also awaited the outcome of trade talks between senior US and Chinese officials, with expectations that the current tariff truce could be extended by another three months. In corporate news, BPER Banca said on Monday that it had secured 80.6% of Popolare di Sondrio shares as tender offer ends. The company’s shares climbed 2.5%. Other financial stocks also gained, including UniCredit (+1.2%), Intesa Sanpaolo (+1.3%), Mediobanca (+1.4%), and Banco BPM (+1.5%). Key gainers in other sectors included STMicroelectronics (+2.3%), Leonardo (+1.6%), and Assicurazioni Generali (+1.3%).

CAC 40指数周二上涨0.6%，至7845点左右，弥补了前一交易日的部分跌幅，EssilorLuxottica领涨。这家法国-意大利眼镜巨头的股价上涨超过5%，此前该公司报告上半年营业利润有所增长，成功抵消了与关税相关的不利因素。其他显著上涨的公司包括空客（1.3%）、施耐德电气（0.7%）和赛峰集团（1.9%）。另一方面，爱马仕（-0.2%）和路威酩轩集团（-1.3%）等奢侈品股也面临压力。与此同时，投资者继续评估新签署的美欧贸易协定，该协定在法国引发了批评，并引发了人们的担忧，即该协定有利于美国，但对欧元区经济几乎没有支持。德国总理默茨和其他人也警告称，欧洲出口商和更广泛的增长可能面临下行风险。

The CAC 40 index rose 0.6% to around 7,845 on Tuesday, recouping some losses from the previous session, with gains in EssilorLuxottica leading the advance. Shares of the Franco-Italian eyewear giant jumped over 5% after the company reported a rise in first-half operating profit, managing to offset tariff-related headwinds. Other notable gainers included Airbus (1.3%), Schneider Electric (0.7%), and Safran (1.9%). On the flipside, luxury stocks were under pressure, such as Hermes (-0.2%) and LVMH (-1.3%). Meanwhile, investors continued to assess the newly signed US-EU trade pact, which has sparked criticism in France and raised concerns that the deal favors the US while offering little support for the eurozone economy. German Chancellor Merz and others also warned of potential downside risks for European exporters and broader growth.