在唐纳德·特朗普宣布有意提名对冲基金经理斯科特·贝森特担任财政部长后，美元走弱，欧元兑美元汇率有所上涨，接近1.05美元。这一决定为投资者提供了一些宽慰和稳定感，因为预计贝森特将优先考虑政治稳定，缓解对全面关税的担忧。尽管有所上升，但由于对欧元区经济下行风险的担忧日益加剧，共同货币仍接近两年低点。其中包括与特朗普第二届政府和乌克兰持续战争有关的不确定性。市场参与者已经完全消化了欧洲央行下个月降息25个基点的可能性，而更激进地降息50个基点的概率已上升至58%。与此同时，将于本周公布的欧元区初步通胀数据将成为焦点，并可能为欧洲央行即将降息的规模提供进一步线索。

The Euro gained some ground to approach $1.05, buoyed by a weakening dollar after Donald Trump announced his intention to nominate hedge fund manager Scott Bessent as Treasury Secretary. The decision provided investors with some relief and a sense of stability, as Bessent is anticipated to prioritize political steadiness and ease concerns over blanket tariffs. Despite this uptick, the common currency remains near two-year lows, weighed down by mounting concerns about downside risks to the Eurozone economy. These include uncertainties tied to a second Trump administration and the ongoing war in Ukraine. Market participants have fully priced in a 25 basis point rate cut by the ECB next month, while the probability of a more aggressive 50 basis point reduction has risen to 58%. Meanwhile, preliminary inflation data for the Euro Area, set to be released this week, will take center stage and could provide further clues on the size of the ECB’s upcoming rate cut.

周一，斯托克50指数上涨0.8%，斯托克600指数上涨0.5%，追随唐纳德·特朗普表示将提名对冲基金经理斯科特·贝森特担任财政部长后全球股市的上涨。这一选择为投资者提供了一种解脱和稳定感，预计被提名人将支持股市，支持政治稳定。在企业方面，LVMH（2.7%）、ASML控股（1.4%）和欧莱雅（2%）录得强劲涨幅，而联合信贷银行（-2.5%）是表现最差的银行之一，此前该银行对其竞争对手Banco BPM发起了101亿欧元的收购要约。

The STOXX 50 gained 0.8% and the STOXX 600 added 0.5% on Monday, tracking a global rise in stocks after Donald Trump said he would nominate hedge fund manager Scott Bessent as Treasury Secretary. The pick offered investors a relief and a sense of stability, with the nominee expected to be supportive of stock markets and favor political stability. On the corporate front, LVMH (2.7%), ASML Holding (1.4%) and L'Oréal (2%) booked strong gains while Unicredit (-2.5%) was among the worst performers after the lender launched a €10.1 billion takeover bid for its rival Banco BPM.

欧洲股市周一开盘走高，在市场情绪改善的情况下连续第三个交易日上涨。此前，美国当选总统唐纳德·特朗普提名对冲基金经理斯科特·贝森特为财政部长，这有助于减少市场的不确定性。在欧洲，投资者将评估德国11月的Ifo商业景气指数，该指数将提供对经济状况的见解。在企业方面，意大利联合信贷银行提议以约100亿欧元收购国内竞争对手Banco BPM，这可能会创建意大利最大的银行集团。在盘前交易中，欧洲斯托克50指数和斯托克600指数期货分别上涨0.3%和0.4%。

European equity markets were poised for a higher open on Monday, extending gains for a third consecutive session amid improving market sentiment. The rally followed US President-elect Donald Trump’s nomination of hedge fund manager Scott Bessent as Treasury Secretary, which helped reduce market uncertainty. In Europe, investors are set to assess Germany’s Ifo Business Climate Index for November, which will provide insights into economic conditions. On the corporate front, UniCredit has proposed acquiring domestic rival Banco BPM for approximately 10 billion euros, potentially creating Italy’s largest banking group. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were up 0.3% and 0.4%, respectively.

周五，欧洲股市震荡收高，得益于全球风险情绪的改善，市场评估了商业活动放缓对欧洲企业巨头的影响。欧元区斯托克50指数上涨0.7%，收于4789点，泛欧斯托克600指数上涨1.2%，收于508点。科技股领涨，在美国金融市场开放后，ASML、Adyen和英飞凌股价上涨3.2%至1.7%。反过来，消费周期性股票也有所上涨，Stellantis从本周的疲软势头中反弹，上涨了3%，而LVMH和Hermes的股价分别上涨了1.5%。这些发展足以抵消欧洲经济放缓带来的悲观情绪，采购经理人指数数据显示，11月欧元区私营部门活动意外收缩。本周，斯托克50指数收盘基本持平，斯托克600指数上涨1%。

European stocks closed a choppy session firmly higher on Friday, benefiting from an improvement in global risk sentiment as markets assessed the impact of slowing business activity on European corporate giants. The Eurozone’s Stoxx 50 added 0.7% to close at 4,789, and the pan-European Stoxx 600 jumped 1.2% to close at 508. Tech shares led the gains, gaining traction after the opening of financial markets in the US with ASML, Adyen, and Infineon jumping between 3.2% and 1.7%. In turn, consumer cyclical stocks also advanced, with Stellantis rebounding from its poor momentum this week with a 3% rise, while LVMH and Hermes shares increased by 1.5% each. The developments were enough to offset pessimism from a slowing European economy, with PMI data showing that private sector activity in the Eurozone unexpectedly contracted in November. On the week, the Stoxx 50 closed broadly flat and the Stoxx 600 added 1%.