周一，欧洲股市收盘创下历史新高，对美中贸易流动恢复的乐观情绪提振了全球增长前景。欧元区STOXX 50指数上涨0.6%，至5711点，STOXX 600指数上涨0.2%，至577点，均处于历史最高点。美国和中国官员发出的积极信号提高了人们的预期，即在特朗普总统和Xi周四会晤后，世界上最大的经济体将消除一些相互设置的贸易壁垒，支持企业回报的前景。与此同时，欧洲央行将保持利率不变，而美联储本周可能会降息。保时捷股价上涨3%，此前其营业亏损低于预期。银行股也大幅上涨，联合圣保罗银行、联合信贷银行和西班牙对外银行上涨近2%，而施耐德银行在摩根士丹利上调评级后上涨2.1%。此外，ASML、Prosus和英飞凌股价上涨3%至1.5%，因为Mag7本周的盈利可能会支撑科技行业。

European stocks closed at new record highs on Monday as optimism around restored trade flows between the US and China aided the outlook for global growth. The Eurozone's STOXX 50 added 0.6% to 5,711 and the STOXX 600 rose 0.2% to 577, both at historical peaks. Positive signals from US and Chinese officials raised expectations that the world's largest economies are due to remove some of the trade barriers placed against each other following the meeting by Presidents Trump and Xi Jinping on Thursday, supporting the outlook for corporate returns. Meanwhile, the ECB is due to hold its rates while the Fed is likely to cut rates this week. Porsche jumped 3% after posting a smaller operating loss than expected. Banks also rose sharply with Intesa Sanpaolo, UniCredit, and BBVA adding close to 2%, while Schneider advanced 2.1% on an upgrade from Morgan Stanley. Additionally, ASML, Prosus, and Infineon jumped between 3% and 1.5% as Mag7 earnings this week could support the tech sector.

欧元50指数升至5702.00点的历史高点。在过去的4周里，欧元区股市指数（EU50）上涨了3.53%，在过去的12个月里，它上涨了14.72%。

EU50 increased to an all-time high of 5702.00 Index Points. Over the past 4 weeks, Euro Area Stock Market Index (EU50) gained 3.53%, and in the last 12 months, it increased 14.72%.

正如预期的那样，2025年9月，欧元区家庭银行贷款同比增长2.6%，为2023年3月以来的最高水平。这一增长继续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，企业贷款增长2.9%，低于8月份的3%。与此同时，私营部门的整体信贷增长率为2.8%，与上月持平。

Bank lending to households in the Eurozone rose by 2.6% year-on-year in September 2025, the highest since March 2023, as expected. The increase continues to reflect a continued recovery in credit demand, supported by the European Central Bank’s recent policy easing. Also, lending to businesses rose 2.9%, lower than 3% in August. Meanwhile, overall credit growth to the private sector was 2.8%, the same as in the previous month.

欧洲股市在10月的最后一周以绿色开局，STOXX 50指数上涨0.3%，STOXX 600指数上涨0.1%，均接近历史高点，并追随全球股市的涨势。有报道称，美国和中国官员达成了一项贸易协议的初步框架，将于周四在韩国举行的会议上获得特朗普总统和Xi总统的批准，这支持了市场情绪。与此同时，交易员们正在为本周的一系列关键货币政策决定做准备，包括欧洲央行和美联储的决定。预计欧洲央行将保持借贷成本不变，而普遍预计美联储将把联邦基金利率下调25个基点。在企业方面，ASML控股公司上涨1.2%，保时捷继续上涨（3.9%）。相比之下，诺华公司在宣布以120亿美元收购生物技术公司Avidity Biosciences的计划后下跌0.9%，汇丰银行在披露与麦道夫欺诈案中损失资金的投资者索赔相关的11亿美元准备金后下跌0.9%。

Stocks in Europe kicked off the last week of October in the green, with the STOXX 50 rising 0.3% and the STOXX 600 up 0.1%, both nearing record highs and tracking gains in global equities. Sentiment was supported by reports that US and Chinese officials reached a preliminary framework for a trade deal, to be approved by Presidents Trump and Xi during their meeting on Thursday in South Korea. Meanwhile, traders are bracing for a series of key monetary policy decisions this week, including from the ECB and the Fed. The ECB is expected to keep borrowing costs unchanged, while the Fed is widely anticipated to cut the federal funds rate by 25bps. On the corporate front, ASML Holding gained 1.2% and Porsche extended gains (3.9%). In contrast, Novartis fell 0.9% after announcing plans to acquire biotechnology firm Avidity Biosciences in a $12 billion deal, and HSBC declined 0.9% after disclosing a $1.1 billion provision related to claims from investors who lost money in Madoff’s fraud.