欧元周一攀升至1.175美元上方，结束了美国和欧盟周末达成贸易协议后连续两天的下跌。该协议包括对大多数欧洲商品征收15%的关税，远低于华盛顿最初威胁的30%，缓解了人们对更广泛贸易冲突的担忧。周日，特朗普总统和欧盟委员会主席乌尔苏拉·冯德莱恩在苏格兰联合宣布，该协议被特朗普誉为“所有协议中最大的”，而冯德莱恩表示，该协议将提供“稳定性”和“可预测性”。然而，关键细节，如涵盖哪些行业和可能的豁免范围，仍不清楚。上周，欧洲央行保持利率稳定，政策制定者暂停评估地缘政治风险，欧元上涨1%。欧洲央行今年已经四次降息，将存款利率从2024年的4%峰值降至截至6月的2%。

The euro climbed above $1.175 on Monday, snapping a two-day losing streak after the US and EU reached a trade agreement over the weekend. The deal includes a 15% tariff on most European goods, significantly lower than the 30% originally threatened by Washington, easing fears of a broader trade conflict. Announced jointly by President Trump and European Commission President Ursula von der Leyen in Scotland on Sunday, the agreement was hailed by Trump as “the biggest of all the deals,” while von der Leyen said it would provide “stability” and “predictability.” However, key details, such as which industries are covered and the scope of possible exemptions, remain unclear. Last week, the euro rose 1% after the ECB held interest rates steady as policymakers paused to assess geopolitical risks. The ECB has already delivered four rate cuts this year, lowering the deposit rate from a 4% peak in 2024 to 2% as of June.

欧洲股市周五收盘大多下跌，市场继续评估最新企业盈利，同时等待欧盟和美国贸易关系的最新消息。受较重的工业和医疗保健行业的影响，STOXX 50指数微涨至5360点，STOXX 600指数下跌0.3%至550点。施耐德电气和空中客车在下周财报公布前均下跌超过1%，给工业巨头带来了负面影响。此外，ASML和诺基亚各下跌约1.5%，诺基亚在本周发布悲观报告后继续下跌。另一方面，路威酩轩集团在公布业绩后飙升4%，大众汽车在其电话会议中尽管前景不佳，但仍飙升4%，提振了更广泛的奢侈品和汽车行业。预计欧盟和美国将于下周宣布其贸易的最新情况，而美国将于周五对欧盟商品征收30%的关税。

European stocks closed mostly lower on Friday as markets continued to assess the latest corporate earnings while awaiting updates in trade relations between the EU and the US. The STOXX 50 inched higher to 5,360 and the STOXX 600 fell 0.3% to 550, weighed by the heavier industrial and healthcare sectors. Schneider Electric and Airbus dropped over 1% each ahead of their earnings next week, setting he negative stage for industrial giants. Also, ASML and Nokia dropped around 1.5% each, with the latter continuing to drop after its pessimistic report this week. On the other hand, LVMH surged 4% after posting its results and Volkswagen surged 4% despite the negative outlook in its call, lifting the broader luxury and auto sectors. The EU and US are expected to announce updates on their trade next week ahead of the deadline for 30% US tariffs to be implemented on EU goods by Friday.

2025年6月，欧元区家庭银行贷款同比增长2.2%，达到7.016万亿欧元，为2023年5月以来的最快增速，高于市场预期的1.9%。这一增长反映了信贷需求的持续复苏，这得益于欧洲央行最近的宽松政策。此外，对企业的贷款从5月份的2.5%增加到2.7%。因此，包括家庭和非金融公司在内的私营部门的整体信贷增长从2.8%上升到3%。

Bank lending to households in the Eurozone rose by 2.2% year-on-year to EUR 7.016 trillion in June 2025, the fastest pace since May 2023 and above market expectations of 1.9%. The increase reflects a continued recovery in credit demand, supported by the European Central Bank’s recent policy easing. Also, lending to businesses increased to 2.7%, from 2.5% in May. As a result, overall credit growth to the private sector, encompassing both households and non-financial corporations, rose to 3% from 2.8%.

周五，STOXX 50和STOXX 600指数均下跌0.5%，所有主要板块和交易所均处于负值区域，因为投资者消化了新一轮的企业收益，并等待有关潜在的美欧贸易协议的最新消息。汽车行业表现最差，大众汽车股价下跌超过2%，此前该公司因关税相关压力下调了前景。米其林上半年净利润下滑27.8%，跌幅超过1%，法雷奥因欧元走强下调了销售前景，暴跌13.4%。此外，LVMH在销售数据令人失望后下跌1.5%，埃尼集团在报告利润下降25%后小幅下跌（-0.3%）。彪马股价暴跌19%，此前该公司警告称，由于销售疲软和美国关税的影响，其全年将出现亏损。本周，STOXX 50下跌0.2%，而STOXX 600迄今上涨0.8%。

Both the STOXX 50 and STOXX 600 declined by 0.5% on Friday, with all major sectors and bourses in negative territory as investors digested a fresh round of corporate earnings and awaited updates on a potential US-EU trade deal. The auto sector was among the worst performers, with Volkswagen shares falling over 2% after the company cut its outlook due to tariff-related pressures. Michelin lost more than 1% posting a 27.8% slide in net income in the first half of the year and Valeo plunged 13.4% after cutting its sales outlook due to a strong euro. Also, LVMH slipped 1.5% following disappointing sales figures and Eni edged lower (-0.3%) after reporting a 25% drop in profit. Puma plunged 19% after warning of a full-year loss driven by weaker sales and the impact of US tariffs. On the week, the STOXX 50 is down 0.2% while the STOXX 600 gained 0.8% so far.