欧洲股市周五开盘走低，因投资者在潜在的美欧贸易协议之前变得谨慎。据报道，美国和欧盟官员正逐渐接近一项贸易协议，该协议将对大多数欧洲商品征收15%的关税。交易员们也在为繁忙的一天的企业盈利做准备，AON、NatWest、Eni、大众汽车和必维国际检验集团将发布关键报告。与此同时，正如预期的那样，欧洲央行周四保持利率稳定，并指出通货紧缩正在按照其预测进行。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0.2%，表明该交易日开局疲软。

European equity markets were set to open lower on Friday as investors turned cautious ahead of a potential US-EU trade agreement. US and EU officials are reportedly edging closer to a trade agreement that would introduce a 15% tariff on most European goods. Traders are also bracing for a busy day of corporate earnings, with key reports due from AON, NatWest, Eni, Volkswagen, and Bureau Veritas. Meanwhile, the European Central Bank held interest rates steady on Thursday, as expected, and noted that disinflation is progressing in line with its projections. In premarket trade, futures on the Euro Stoxx 50 and Stoxx 600 were both down around 0.2%, signaling a weaker start to the session.

欧洲股市周四收高，市场评估了欧盟的贸易和货币政策前景。斯托克50指数上涨0.3%，至5359点，斯托克600指数上涨0.3%至552点。欧洲央行维持利率不变，并指出通货紧缩的发展符合其早先的预测。央行还指出，在进一步明确政策前景之前，需要对经济发展有更多的了解，包括与美国达成潜在的贸易协议，以及欧元在未来几个月将如何走强。尽管如此，在欧洲央行行长拉加德指出可能没有必要降息后，市场还是减少了今年降息的押注。与此同时，有报道称，在欧盟外交官更接近达成的贸易协议中，美国可能会接受将对欧盟的关税降至15%，这是对其他国家关税的最低门槛。法国巴黎银行股价上涨0.4%，因其收入和收益也超出预期。

European stocks closed higher on Thursday as markets assessed outlooks for trade and monetary policy in the EU. The STOXX 50 added 0.3% to 5,359 and the STOXX 600 rose 0.3% to 552. The ECB held its interest rates unchanged and noted that disinflation has developed in line with its earlier forecasts. The central bank also noted that more insights on economic developments will be necessary before further clarity on the policy outlook can be signaled, including a potential trade deal with the US, and how a strong euro will move in the coming months. Still, markets pared bets of rate cuts this year after ECB President Lagarde noted that rate cuts may not be warranted. In the meantime, reports indicated that the US is likely to accept lowering tariffs against the EU to 15%, the bottom threshold of tariffs on other countries, amid the trade deal that EU diplomats were closer to agreeing to. BNP Paribas rose 0.4% as it also beat expectations on both revenue and earnings.

欧元兑美元汇率为1.175美元，略低于2021年8月以来的最高水平，此前欧洲央行在不确定性加剧的情况下保持利率稳定，特别是在8月1日截止日期前的欧盟-美国贸易谈判中。央行今年已经四次降息，将存款利率从2024年的4%峰值降至6月的2%。尽管欧元区通胀率上个月达到了欧洲央行2%的目标，但由于地缘政治紧张局势，政策制定者在7月份暂停了行动。欧盟与其最大伙伴美国的贸易关系仍面临风险，谈判仍在进行中，高达30%的潜在关税迫在眉睫。基本情景包括美国对欧盟商品征收15%的关税，欧盟可能采取反制措施。欧盟外交官对近期的突破表示怀疑，称最后的决定权在于特朗普总统。尽管双方都在探索有限的豁免和关税削减作为可能协议的一部分，但这种不确定性正在影响人们的情绪。

The euro traded at $1.175, slightly below its highest level since August 2021, after the ECB held interest rates steady amid heightened uncertainty, especially over EU-US trade talks ahead of the August 1 deadline. The central bank has already cut rates four times this year, lowering the deposit rate from the 4% peak in 2024 to 2% in June. Despite Eurozone inflation hitting the ECB’s 2% target last month, policymakers paused in July due to geopolitical tensions. The EU’s trade relationship with the US, its largest partner, remains at risk, with negotiations ongoing and potential tariffs of up to 30% looming. The base-case scenario includes a 15% US tariff on EU goods, with possible EU countermeasures in development. EU diplomats expressed skepticism about a near-term breakthrough, stating the final call lies with President Trump. The uncertainty is weighing on sentiment, even as both sides explore limited exemptions and tariff reductions as part of a possible deal.

欧洲股市周四早盘上涨，此前欧洲央行在连续八次降息后保持关键政策利率不变，而市场也评估了欧盟以外的贸易前景。STOXX 50和STOXX 600均上涨了约05%。欧洲央行指出，自6月上次会议以来，通货紧缩的发展符合预期，可能需要等待对经济发展的更多见解、与美国的潜在贸易协议以及对欧元过于强势的担忧，以便更好地评估今年是否需要进一步降息。与此同时，有报道称，在欧盟外交官更接近达成的贸易协议中，美国可能会接受将对欧盟的关税降至15%，这是对其他国家关税的最低门槛。法国巴黎银行股价上涨3%，因其收入和收益也超出预期。相比之下，雀巢在报告上半年销售额和收入下降后下跌了3%以上。

European stocks held early gains on Thursday after the European Central Bank held its key policy rates unchanged following eight consecutive cuts, while markets also assessed the outlook of trade out of the European Union. Both the STOXX 50 and the STOXX 600 were around 05% higher. The ECB noted that disinflation has developed in line with expectations since last meeting in June, likely waiting for more insights on economic developments, a potential trade deal with the US, and concerns of an overly strong euro for a better assessment on whether more rate cuts are warranted this year. In the meantime, reports indicated that the US is likely to accept lowering tariffs against the EU to 15%, the bottom threshold of tariffs on other countries, amid the trade deal that EU diplomats were closer to agreeing to. BNP Paribas rose 3% as it also beat expectations on both revenue and earnings. In contrast, Nestlé fell over 3% after reporting a decline in first-half sales and income.