周三，STOXX 50指数上涨0.4%，STOXX 600指数上涨0.2%，此前开盘表现平平，交易员在等待联邦公开市场委员会当天晚些时候的决定的同时，对新一波企业盈利表示欢迎。汽车和银行领涨，而旅游和休闲、家居用品和保险则落后。瑞银在报告净利润大幅增长后上涨2.3%，葛兰素史克在上调前景后上涨4%，德意志银行在收益意外增长后上涨3%。桑坦德银行在连续第六个季度创下净收入纪录后上涨1.5%，梅赛德斯-奔驰在重申全年指引并重启股票回购计划后上涨6%，Next在上调利润前景后飙升4.9%。不利的一面是，Equinor在报告利润降幅大于预期后下跌了1%以上。SAP延续亏损，下跌1.4%。阿迪达斯（Adidas）股价下跌1%，此前该公司警告称，由于美国关税，市场将面临挑战。

The STOXX 50 gained 0.4% and the STOXX 600 added 0.2% on Wednesday, following a lacklustre open, with traders welcoming a fresh wave of corporate earnings while awaiting the FOMC decision later in the day. Autos and banks led sector gains, while travel and leisure, household goods, and insurance lagged. UBS rose 2.3% after reporting a sharp increase in net profit, GSK climbed 4% after raising its outlook, and Deutsche Bank gained 3% following a surprise rise in earnings. Santander advanced 1.5% after posting a sixth consecutive quarterly record in net income, Mercedes-Benz jumped 6% after reaffirming its full-year guidance and restarting its share buyback program, and Next surged 4.9% after lifting its profit outlook. On the downside, Equinor fell more than 1% after reporting a larger-than-expected drop in profit. SAP extended losses and fell 1.4%. Adidas lost 1% after warning of a challenging backdrop due to US tariffs.

欧洲股市周三开盘走低，投资者等待新一轮企业财报，阿迪达斯、空客、梅赛德斯-奔驰、瑞银和桑坦德银行等公司将公布财报。在数据方面，市场将消化西班牙第三季度GDP数据和意大利生产者通胀数据。与此同时，人们普遍预计美联储今天晚些时候将降息25个基点，而欧洲央行周四可能会保持政策不变。人们的注意力也转向了即将在韩国举行的特朗普-Xi会议，预计两位领导人将在会上敲定一个框架，该框架可能会暂停美国更高的关税和中国的稀土出口限制。在盘前交易中，欧洲斯托克50指数和斯托克600指数期货均下跌约0.1%。

European stock markets were poised to open lower on Wednesday as investors awaited a fresh round of corporate earnings, with reports due from Adidas, Airbus, Mercedes-Benz, UBS and Banco Santander, among others. On the data front, markets will digest Spanish Q3 GDP figures and Italian producer inflation numbers. Meanwhile, the US Federal Reserve is widely expected to deliver a 25 basis point rate cut later today, while the European Central Bank is likely to keep policy unchanged on Thursday. Attention also turned to the upcoming Trump-Xi meeting in South Korea, where the two leaders are expected to finalize a framework that could pause higher US tariffs and China’s rare earth export restrictions. In premarket trade, Euro Stoxx 50 and Stoxx 600 futures were both down about 0.1%.

欧洲股市周二收盘小幅下跌，此前因喜忧参半的盈利结果在上一交易日达到创纪录高点，而市场继续评估全球贸易和欧洲利率的前景。斯托克50指数小幅下跌5701点，斯托克600指数下跌03%，至576点。瑞士制药巨头诺华公布的盈利低于预期，制药公司领跌，诺华股价暴跌4.3%。罗氏（Roche）和诺和诺德（Novo Nordisk）均下跌2.5%。与此同时，法国巴黎银行（BNP Paribas）也因盈利下滑下跌3.5%。另一方面，汇丰银行（HSBC）在上调2025年盈利前景后上涨4.4%。Iberdrola在公布业绩后也强势收高。与此同时，在英伟达宣布计划对诺基亚进行10亿美元股权投资后，诺基亚股价飙升20%。

European stocks closed slightly lower on Tuesday after reaching record peaks on the previous session on mixed earnings results, while markets continued to assess the outlook on global trade and European rates. The STOXX 50 inched down by 5,701 and the STOXX 600 lost 03% to 576. Pharmaceutical companies led the losses in the session with a 4.3% slump for Novartis after the Swiss giant posted softer earnings than expected. Roche and Novo Nordisk both fell 2.5% In the meantime, BNP Paribas fell 3.5%, also on an earnings miss. On the other hand, HSBC jumped 4.4% after raising its 2025 profitability outlook. Iberdrola also closed firmly higher after posting results. Meanwhile, Nokia surged 20% after Nvidia announced it plans to make a $1 billion equity investment in the company.

欧元区消费者通胀预期中值从8月份的2.8%降至2025年9月的2.7%。此外，对未来三年通货膨胀率的预期保持不变，为2.5%，未来五年的预期也保持不变，仍为2022年2.2%的高点。此外，通胀预期的不确定性趋于稳定。与此同时，消费者对未来一年的名义收入增长预期为1.1%，经济增长预期不变，为-1.2%。对未来12个月失业率的预期也稳定在10.7%。消费者继续预计未来的失业率仅略高于目前的预期失业率（10.2%），这表明劳动力市场前景总体稳定。另一方面，消费者预计未来12个月房价将上涨3.5%，高于8月份的3.4%。

Median consumer inflation expectations in the Eurozone fell to 2.7% in September 2025 from 2.8% in August. Also, expectations for inflation three years ahead were unchanged at 2.5%, as were those for five years ahead, which remained at 2022-highs of 2.2%. In addition, uncertainty about inflation expectations steadied. Meanwhile, consumers’ nominal income growth expectations for the year ahead was at 1.1% and economic growth expectations were unchanged at -1.2%. Expectations for the unemployment rate 12 months ahead also remained stable at 10.7%. Consumers continued to expect the future unemployment rate to be only slightly higher than the perceived current unemployment rate (10.2%), suggesting a broadly stable labour market outlook. On the other hand, consumers expected the price of their home to increase by 3.5% over the next 12 months, up from 3.4% in August.