周三，STOXX 50指数下跌0.9%，STOXX 600指数下跌0.7%，扭转了早盘持平的局面，交易员继续评估特朗普的贸易政策。周二，特朗普重申了他反对广泛豁免互惠关税的立场，该关税将于4月2日生效。与此同时，欧盟贸易专员会见了美国高级贸易官员，试图防止下周对欧盟商品征收高额关税，尽管谈判结果仍不确定。投资者也在密切关注英国的春季声明，预计财政大臣雷切尔·里夫斯将宣布大幅削减开支。在企业方面，SAP（-2.4%）、LVMH（-1%）、诺和诺德（-2.2%）和ASML控股（-1.2%）均下跌。保时捷股价反弹，上涨约0.2%，此前该公司报告税后亏损200亿欧元，但仍专注于扩大投资和多样化投资组合。

The STOXX 50 lost 0.9% and the STOXX 600 dropped 0.7% on Wednesday, reversing early flat trading, as traders continued to assess Trump's trade policies. On Tuesday, Trump reiterated his stance against broad exemptions on reciprocal tariffs, which are set to take effect on April 2nd. Meanwhile, European Union Trade Commissioner met with top US trade officials in an attempt to prevent steep tariffs on EU goods next week, though the outcome of the talks remained uncertain. Investors are also closely watching the UK's Spring Statement, where Chancellor Rachel Reeves is expected to announce significant spending cuts. On the corporate front, SAP (-2.4%), LVMH (-1%), Novo Nordisk (-2.2%) and ASML Holding (-1.2%) were all lower. Shares of Porsche rebounded to add about 0.2% after the company reported a €20 billion after-tax loss, though it remains focused on expanding investments and diversifying its portfolio.

周三，欧洲股市开盘时几乎没有变化，因为投资者正在等待关键的经济数据和政策公告。市场关注的是英国最新的通胀数据，这可能为了解英格兰银行的政策前景提供线索。此外，英国财政大臣雷切尔·里夫斯将发表春季声明，塑造对未来财政政策的预期。法国消费者信心数据也在议程上，提供了进一步的经济信号。与此同时，贸易不确定性仍然是一个关键主题，因为美国总统唐纳德·特朗普表示将采取更有针对性的互惠关税措施，同时重申了对汽车、药品和购买委内瑞拉原油的国家征收新税的计划。在盘前交易中，欧洲斯托克50指数和斯托克600指数期货在持平线上波动，反映出投资者的谨慎态度。

European equity markets were set to open little changed on Wednesday as investors awaited key economic data and policy announcements. Markets were focused on the latest UK inflation figures, which could provide insight into the Bank of England’s policy outlook. Additionally, British Finance Minister Rachel Reeves is set to deliver the Spring Statement, shaping expectations for future fiscal policy. French consumer confidence data is also on the agenda, offering further economic signals. Meanwhile, trade uncertainty remained a key theme as US President Donald Trump signaled a more targeted approach to his reciprocal tariffs while reaffirming plans for new levies on autos, pharmaceuticals, and nations purchasing Venezuelan crude. In premarket trade, Euro Stoxx 50 and Stoxx 600 futures fluctuated around the flatline, reflecting investor caution.

周二，随着投资者消化了美国贸易政策的更新和德国商业信心的增强，斯托克50指数上涨0.7%，收于5450点，斯托克600指数上涨0.6%。特朗普总统表示，并非所有计划于4月2日征收的关税都会生效，一些国家可能会获得豁免。然而，他重申了对汽车、药品和购买委内瑞拉原油的国家征收新关税的计划。与此同时，德国Ifo商业景气指数在3月份攀升至8个月高点，这得益于一项历史性的债务协议。在其他地方，乌克兰和俄罗斯在与美国官员在沙特阿拉伯举行单独会谈后同意黑海停火。在企业新闻中，保险公司Baloise在报告2024年利润增长60.6%后飙升4%，而物流巨头Kuehne und Nagel在警告全年营业利润疲软后下跌4%，零售商翠鸟在宣布年利润下降7%后暴跌14%。

The STOXX 50 gained 0.7% to 5,450 and the broader STOXX 600 was up 0.6% on Tuesday, as investors digested U.S. trade policy updates and stronger German business confidence. President Trump indicated that not all planned tariffs set for April 2 would take effect, with potential exemptions for some countries. However, he reaffirmed plans for new tariffs on autos, pharmaceuticals, and nations purchasing Venezuelan crude. Meanwhile, Germany’s Ifo Business Climate index climbed to an eight-month high in March, bolstered by a historic debt agreement. Elsewhere, Ukraine and Russia agreed to a Black Sea ceasefire following separate talks with U.S. officials in Saudi Arabia. In corporate news, insurer Baloise surged 4% after reporting a 60.6% jump in 2024 profits, while logistics giant Kuehne und Nagel fell 4% after warning of weaker full-year operating profit and retailer Kingfisher plunged 14% after announcing a 7% drop in annual profit.

欧洲股市周二开盘走低，在美国总统唐纳德·特朗普的关税计划持续存在不确定性的情况下，延续了最近的跌幅。周一，特朗普重申他打算对汽车、制药和其他行业征税，这引发了人们对欧洲主要出口产品潜在风险的担忧。投资者还将关注德国Ifo研究所3月份的报告，以及史密斯集团、翠鸟和贝尔韦的收益发布。在盘前交易中，欧洲斯托克50指数和斯托克600指数期货分别下跌0.2%和0.6%。

European equity markets were set to open lower on Tuesday, extending recent losses amid ongoing uncertainty over US President Donald Trump’s tariff plans. On Monday, Trump reiterated his intent to impose levies on automobiles, pharmaceuticals, and other industries, raising concerns about potential risks to key European exports. Investors will also monitor Germany’s Ifo Institute reports for March, along with earnings releases from Smiths Group, Kingfisher, and Bellway. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures declined 0.2% and 0.6%, respectively.