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

欧洲股市周三开盘走低，因投资者准备公布美国关键通胀数据。强于预期的美国CPI读数可能会通过降低美联储近期降息的可能性来抑制市场情绪。全球情绪也受到美中贸易关系发展的影响。两国就实施日内瓦共识的框架达成一致，预计北京将取消对稀土出口的限制，华盛顿将考虑放宽对向中国销售先进技术的限制。在欧洲，焦点还将转向英国政府的“支出审查”和西班牙零售巨头Inditex的收益，这两者都可能影响地区市场方向。在盘前交易中，欧洲斯托克50指数和斯托克600指数期货分别下跌0.2%和0.3%。

European equity markets were set to open lower on Wednesday as investors braced for the release of key US inflation data. A stronger-than-expected US CPI reading could dampen sentiment by reducing the likelihood of near-term interest rate cuts by the Federal Reserve. Global sentiment was also shaped by developments in US–China trade relations. The two countries agreed on a framework to implement the Geneva consensus, with Beijing expected to lift restrictions on rare earth exports and Washington considering easing curbs on advanced technology sales to China. In Europe, focus will also turn to the UK government’s “Spending Review” and earnings from Spanish retail giant Inditex, both of which could influence regional market direction. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were down 0.2% and 0.3%, respectively.

欧盟委员会周二提议对俄罗斯入侵乌克兰实施第18轮制裁，目标是能源收入、银行和军事工业。该方案包括禁止与俄罗斯北溪管道的交易，并将制裁扩大到另外22家俄罗斯银行，其中包括除从SWIFT中删除外的全面交易禁令。它还针对第三国的银行，列出了俄罗斯直接投资基金（RDIF）及其附属机构。RDIF负责人基里尔·德米特里耶夫批评欧盟，称其行动表明欧盟希望“延长冲突”。委员会还提议将七国集团对俄罗斯原油的油价上限从每桶60美元降至45美元。欧盟委员会主席乌尔苏拉·冯德莱恩表示，下周在加拿大举行的七国集团峰会将讨论这一上限。乌克兰总统弗拉基米尔·泽连斯基对制裁表示欢迎，但敦促提供更多细节，并呼吁将油价上限更低至30美元。欧盟成员国将于本周开始就该提案进行辩论。

The European Commission on Tuesday proposed an 18th round of sanctions against Russia over its invasion of Ukraine, targeting energy revenues, banks, and the military industry. The package includes banning transactions with Russia's Nord Stream pipelines and expanding sanctions to 22 more Russian banks, including a full transaction ban beyond removal from SWIFT. It also targets banks in third countries and lists the Russian Direct Investment Fund (RDIF) and its affiliates. RDIF head Kirill Dmitriev criticized the EU, saying its actions show a desire to "prolong the conflict." The Commission also proposed lowering the G7 oil price cap on Russian crude from $60 to $45 per barrel. European Commission President Ursula von der Leyen said the cap will be discussed at next week's G7 summit in Canada. Ukrainian President Volodymyr Zelenskiy welcomed the sanctions but urged more detail and called for an even lower oil cap of $30. EU member states will begin debating the proposal this week.

CAC 40指数周二上涨0.2%，收于7804点，扭转了前一交易日的跌幅，并受到对美中贸易谈判的乐观情绪的支撑。各代表团在伦敦恢复了第二天的活动，寻求放宽对战略技术和稀土矿物出口的限制。据报道，由高级代表领导的谈判是积极的，但缺乏实质内容，美国愿意放松出口管制，以换取中国矿产的更多释放。这一情景促成了投资者的积极前景，他们也消化了欧洲失业率的上升，这表明经济可能放缓，并降低了人们对欧洲央行更激进的货币紧缩政策的预期。在企业板块，主要上涨股为Stellantis NV（5.1%）、凯捷和阳狮，均上涨2.4%。另一方面，泰雷兹和法国农业信贷银行分别下跌3.6%和3.1%。

The CAC 40 rose 0.2% to close at 7,804 on Tuesday, reversing the losses of the previous session and supported by optimism over trade negotiations between the US and China. Delegations resumed their second day in London, seeking to ease restrictions on exports of strategic technologies and rare earth minerals. The negotiations, led by senior representatives, were reportedly positive but lacking in substance, with the US willing to relax export controls in exchange for greater release of Chinese minerals. This scenario contributed to the positive outlook of investors, who also digested the rise in the unemployment rate in Europe, signaling a possible economic slowdown and reducing expectations of more aggressive monetary tightening by the European Central Bank. In the corporate sector, the main risers were Stellantis NV (5.1%), Capgemini and Publicis, both up 2.4%. On the other hand, Thales and Credit Agricole fell by 3.6% and 3.1% respectively.

在米兰，富时MIB指数周二下跌254点，跌幅0.63%。Leonardo SpA（-6.15%）、Bper Banca（-3.13%）和Unipol Gruppo（-2.69%）领跌。抵消跌幅，涨幅最大的是Saipem（2.90%）、Tenaris（2.46%）和Stellantis N.V.（2.44%）。

In Milan, the FTSE MIB Index dropped 254 points or 0.63 percent on Tuesday. Losses were led by Leonardo SpA (-6.15%), Bper Banca (-3.13%) and Unipol Gruppo (-2.69%). Offsetting the fall, top gainers were Saipem (2.90%), Tenaris (2.46%) and Stellantis N.V. (2.44%).