欧洲股市周二收高，因市场在白宫宣布新的关税后评估了美国对欧洲出口的前景。欧元区STOXX 50指数上涨0.5%，收于5370点，泛欧STOXX 600指数上涨0.4%，收于545点。除了部门关税外，美国还对主要的亚洲贸易伙伴征收关税，但将欧盟排除在最新措施之外，这使欧盟官员关于美国可能实现最低10%关税的声明成为焦点。由于关税对亚洲竞争对手的负面影响，汽车生产商上涨，宝马和Stellantis分别上涨2%和3%。此外，联合信贷银行股价上涨1.9%，因为预计欧盟将谴责意大利政府对该行收购Banco BPM的条件，这增加了收购发生的可能性。在欧元区以外，诺和诺德股价上涨2%。

European stocks closed firmly higher on Tuesday as markets assessed the outlook of European exports after the US following fresh tariff announcements by the White House. The Eurozone's STOXX 50 added 0.5% to close at 5,370 and the pan-European STOXX 600 rose 0.4% to close at 545. The US imposed tariffs on major Asian trading partners in addition to sectoral tariffs but excluded the EU from the latest measures, fixing the spotlight on statements from EU officials that the minimum 10% tariff by the US may be achieved. Auto producers gained due to the negative impact of tariffs on Asian competitors, with BMW and Stellantis adding 2% and 3%, respectively. Additionally, UniCredit added 1.9% as the EU is expected to rebuke the Italian government's conditions for the lender's takeover of Banco BPM, increasing the likelihood that the acquisition will take place. Outside the Eurozone, Novo Nordisk jumped 2%.

欧元略高于1.175美元，接近2021年8月以来的最高水平，因为有消息称，美国已向欧盟提出一项协议，维持10%的基准关税，并豁免飞机和烈酒等关键行业，贸易紧张局势有所缓解。然而，尽管欧盟提出要求，华盛顿方面没有表示将把豁免范围扩大到汽车、钢铁、铝或药品等政治敏感领域。欧盟的目标是本周与美国敲定一项初步协议，在8月1日最后期限之后锁定10%的利率，同时继续谈判达成永久协议。与此同时，欧盟宣布准备对一系列美国产品征收报复性关税，以回应美国的金属关税。官员们警告说，如果不能达成协议，可能会采取进一步行动，如出口管制和限制美国获得公共合同。在货币政策方面，市场现在预计欧洲央行今年只会再降息一次。

The euro rose slightly above $1.175, nearing its highest level since August 2021, as trade tensions eased after news that the US had proposed a deal to the EU maintaining a 10% baseline tariff, with exemptions for key sectors such as aircraft and spirits. However, Washington gave no indication it would extend exemptions to politically sensitive areas such as cars, steel, aluminum, or pharmaceuticals, despite EU requests. The EU is aiming to finalize a preliminary agreement with the US this week to lock in the 10% rate beyond the August 1 deadline while negotiations continue toward a permanent deal. Meanwhile, the EU announced it was preparing retaliatory tariffs on a range of US products in response to US metal duties. Officials warned that if an agreement isn’t reached, further actions—such as export controls and restrictions on US access to public contracts—could be implemented. On the monetary policy front, markets are now pricing in just one more rate cut from the ECB this year.

周二，STOXX 50和STOXX 600均徘徊在平稳线上，投资者继续关注全球贸易发展。据Politico报道，美国已向欧盟提出一项协议，对所有欧盟商品维持10%的基准关税，但飞机和烈酒等敏感行业除外。然而，华盛顿没有表示将按照欧盟的要求豁免汽车、钢铁、铝和制药等政治敏感行业。与此同时，特朗普总统周一开始发布正式的关税通知，从韩国和日本开始，这两个国家将从8月1日开始面临25%的关税。在企业方面，葡萄酒和烈酒生产商保乐力加的股价上涨了约1.8%，而Davide Campari Milano上涨了1.6%。在最大的公司中，业绩喜忧参半：SAP微涨0.1%，LVMH股价接近持平。相比之下，雀巢、爱马仕、ASML控股和诺和诺德均下跌0.3%。

Both the STOXX 50 and STOXX 600 hovered around the flatline on Tuesday, as investors continued to monitor global trade developments. According to Politico, the US has proposed a deal to the EU that would maintain a 10% baseline tariff on all EU goods, with some exceptions for sensitive sectors such as aircraft and spirits. However, Washington has given no indication that it will exempt politically sensitive industries—such as automobiles, steel, aluminum, and pharmaceuticals—as requested by the EU. Meanwhile, President Trump began issuing formal tariff notifications on Monday, starting with South Korea and Japan, both of which will face a 25% tariff beginning August 1st. On the corporate front, shares of wine and spirits producer Pernod Ricard rose about 1.8%, while Davide Campari Milano gained 1.6%. Among the largest companies, performance was mixed: SAP edged up 0.1%, and LVMH traded near the flatline. In contrast, Nestlé, Hermès, ASML Holding, and Novo Nordisk all slipped 0.3%.

周二，随着投资者消化美国以外的最新贸易发展，欧洲股市有望开盘走低。唐纳德·特朗普总统宣布了14个尚未与华盛顿达成贸易协议的国家的最新关税税率，其中包括日本和韩国等主要出口驱动型经济体，这两个国家都将面临25%的关税。特朗普还签署了一项行政命令，将互惠关税的最后期限从7月9日延长至8月1日，为谈判提供了更多时间。在欧洲，人们的注意力将转向德国和法国的最新贸易数据，这些数据可以提供对美欧贸易动态变化的潜在影响的见解。在早盘交易中，欧洲斯托克50指数期货下跌0.1%，斯托克600指数期货下跌0.2%。

European equity markets were poised to open lower on Tuesday as investors digested the latest trade developments out of the US. President Donald Trump announced updated tariff rates on 14 countries that have yet to reach trade agreements with Washington, including major export-driven economies such as Japan and South Korea, both of which will face 25% levies. Trump also signed an executive order extending the deadline for reciprocal tariffs to August 1 from July 9, providing additional time for negotiations. In Europe, attention will turn to the latest trade data from Germany and France, which could offer insights into the potential impact of shifting US-EU trade dynamics. In early premarket trading, Euro Stoxx 50 futures slipped 0.1%, while Stoxx 600 futures fell 0.2%.