2025年6月，欧元区经常账户盈余从一年前的519亿欧元收窄至389亿欧元。商品贸易顺差从352亿欧元降至248亿欧元，服务贸易顺差从232亿欧元降至214亿欧元。此外，次级收入赤字从136亿欧元扩大到147亿欧元。另一方面，初级收入盈余从72亿欧元增至75亿欧元。经季节性调整后，6月份经常账户盈余从上月的318亿欧元增至358亿欧元，高于市场预期的303亿欧元。

The Eurozone’s current account surplus narrowed to EUR 38.9 billion in June 2025 from EUR 51.9 billion a year earlier. The goods surplus fell to EUR 24.8 billion from EUR 35.2 billion, and the services surplus dropped to EUR 21.4 billion from EUR 23.2 billion. Also, the secondary income deficit widened to EUR 14.7 billion from EUR 13.6 billion. On the other hand, the primary income surplus rose to EUR 7.5 billion from EUR 7.2 billion. On a seasonally adjusted basis, the current account surplus rose to EUR 35.8 billion in June from EUR 31.8 billion in the previous month, above market expectations of EUR 30.3 billion.

欧洲股市周二微涨，斯托克50指数和斯托克600指数上涨0.1%，受华盛顿美乌会谈的乐观情绪支撑。然而，国防类股拖累涨幅，因投资者对战争可能缓和的迹象做出反应。斯托克欧洲航空航天和国防指数下跌0.4%，伦克下跌3.6%，萨博下跌3.3%，莱昂纳多下跌2.9%。特朗普告诉泽连斯基，美国将在任何和平协议下帮助保证乌克兰的安全，尽管细节尚不清楚。在企业新闻方面，意大利Mediobanca获得欧洲央行批准收购Banca Generali，创建了该国第二大财富管理公司，并对抗了Monte dei Paschi的收购计划。投资者现在期待美联储的杰克逊霍尔研讨会发出政策信号。

European stocks inched higher Tuesday, with the Stoxx 50 and Stoxx 600 up 0.1%, supported by optimism around US-Ukraine talks in Washington. However, defense stocks weighed on gains as investors reacted to signs of possible de-escalation in the war. The Stoxx Europe Aerospace and Defense index slipped 0.4%, with Renk down 3.6%, Saab 3.3% lower, and Leonardo off 2.9%. Trump told Zelenskiy the US would help guarantee Ukraine’s security under any peace deal, though details remain unclear. In corporate news, Italy’s Mediobanca won ECB approval to acquire Banca Generali, creating the country’s second-largest wealth manager and countering Monte dei Paschi’s takeover push. Investors now look to the Fed’s Jackson Hole symposium for policy signals.

周二，欧洲股市开盘走高，这得益于美国总统唐纳德·特朗普、乌克兰总统弗拉基米尔·泽连斯基和欧洲领导人之间的和平谈判取得进展。特朗普表示，欧洲国家将与美国协调，为乌克兰提供安全保障，而乌克兰已提出购买约900亿美元的美国武器，作为协议的一部分。特朗普还指出，他已经与俄罗斯总统弗拉基米尔·普京进行了交谈，并正在努力安排普京和泽连斯基之间的直接会晤，随后三位总统可能会举行三方峰会。由于今天欧洲没有公布重大经济数据或收益，市场情绪受到地缘政治发展的影响。盘前交易中，欧洲斯托克50指数期货上涨0.2%，斯托克600指数期货上涨0.1%。

European stocks were set to open higher on Tuesday, supported by progress in peace negotiations between US President Donald Trump, Ukrainian President Volodymyr Zelenskiy and European leaders. Trump said security guarantees for Ukraine would be provided by European countries in coordination with the US, while Ukraine has offered to purchase about $90 billion in US weapons as part of the deal. Trump also noted that he had spoken with Russian President Vladimir Putin and was working to arrange a direct meeting between Putin and Zelenskiy, followed by a potential trilateral summit among the three presidents. With no major economic data or earnings scheduled in Europe today, sentiment was guided by geopolitical developments. In premarket trade, Euro Stoxx 50 futures rose 0.2% and Stoxx 600 futures gained 0.1%.

周一，欧洲股市收盘小幅下跌，因为在一周可能改变地缘政治背景和全球利率前景的事件发生之前，市场没有买入风险较高的资产。斯托克50指数下跌0.3%，收于5431点，斯托克600指数保持不变，收于554点。美联储主席杰罗姆·鲍威尔可能会在杰克逊霍尔研讨会上就利率前景提供指导，因为疲软的劳动力市场数据加强了联邦公开市场委员会持不同意见者的理由。与此同时，乌克兰总统泽连斯基和欧洲领导人将在华盛顿会见美国总统特朗普，讨论可能的和平协议，因为人们担心基辅可能面临接受有利于莫斯科的条款的压力。银行股领跌企业股，法国巴黎银行和北欧银行各下跌1.5%以上。反过来，维斯塔斯在美国税收抵免体系的有利规定下飙升了15%。诺和诺德股价上涨超过6%，此前直接从该公司购买Wegovy的客户价格减半。

European stocks closed slightly lower on Monday as markets refrained from taking riskier assets ahead of a week of events that are likely to change the geopolitical backdrop and outlook to global rates. The STOXX 50 lost 0.3% to close at 5,431 and the STOXX 600 was unchanged at 554. Federal Reserve Chair Jerome Powell may provide guidance on the interest rate outlook in the Jackson Hole Symposium as softer labor market data strengthened the case for dissenters of the FOMC. Meanwhile, Ukrainian President Zelensky and European leaders were set to meet US President Trump in Washington to discuss a possible peace deal, amid concerns that Kyiv could face pressure to accept terms favoring Moscow. Banks led the losses on the corporate front with BNP Paribas and Nordea each dropping more than 1.5%. In turn, Vestas surged 15% on favorable rules in the US tax credit system. Novo Nordisk gained over 6% after halving the price of Wegovy for customers who purchase it directly from the company.