周三，STOXX 50指数下跌0.6%，STOXX 600指数下跌0.5%，在前一交易日上涨超过1%后回落，因为在唐纳德·特朗普总统即将宣布关税之前，谨慎情绪再次出现。有报道称，特朗普正在考虑对大多数进口商品征收20%的普遍关税，尽管潜在征税的规模和范围仍存在不确定性。尽管旅游和石油天然气股小幅上涨，但大多数行业都出现了亏损。在企业方面，赛诺菲（-3.1%）、法国兴业银行（-3%）、巴黎银行（-2.7%）、拜耳（-2.7%的）和诺和诺德（-2%）的表现最差。相比之下，Engie（+1.6%）、家乐福（+1.4%）、欧莱雅（+1%）和Inditex（+1%。与此同时，意大利联合信贷银行（-1.4%）宣布，意大利证券监管机构Consob已批准其对Banco BPM的收购要约（-1.6%）。此外，法国农业信贷银行（-0.5%）已获得欧洲央行的授权，可以超过Banco BPM 10%的所有权门槛。

The STOXX 50 fell 0.6% and the STOXX 600 declined 0.5% on Wednesday, retreating after gains of over 1% in the previous session, as caution returned ahead of President Donald Trump’s upcoming tariff announcement. Reports suggested that Trump is considering a universal 20% tariff on most imports, though uncertainty remains over the scale and scope of the potential levies. Most sectors recorded losses, though travel and oil and gas stocks posted slight gains. On the corporate front, Sanofi (-3.1%), Société Générale (-3%), BNP Paribas (-2.7%), Bayer (-2.7%), and Novo Nordisk (-2%) were among the worst performers. In contrast, Engie (+1.6%), Carrefour (+1.4%), L'Oreal (+1%), and Inditex (+1%) outperformed. Meanwhile, UniCredit (-1.4%) announced that Italy’s securities regulator, Consob, has approved its takeover bid for Banco BPM (-1.6%). Additionally, Crédit Agricole (-0.5%) has received authorization from the ECB to exceed the 10% ownership threshold in Banco BPM.

欧洲股市周三开盘走低，投资者谨慎等待美国总统唐纳德·特朗普的最新一轮关税。有报道称，特朗普正在考虑对大多数进口商品征收20%的普遍关税，尽管针对具体国家的互惠做法仍然是可能的结果。与此同时，欧洲当天没有计划发布重大经济或收益数据。盘前交易中，欧洲斯托克50指数和斯托克600指数期货下跌约0.2%。

European equity markets were poised to open lower on Wednesday as investors cautiously awaited US President Donald Trump’s latest round of tariffs. Reports suggest Trump is considering a universal 20% tariff on most imports, though a country-specific reciprocal approach remains the likely outcome. Meanwhile, no major economic or earnings releases are scheduled in Europe for the day. In premarket trade, Euro Stoxx 50 and Stoxx 600 futures were down about 0.2%.

欧洲股市周二反弹，斯托克50指数和斯托克600指数上涨超过1%，从连续四个交易日的下跌中恢复过来。此前一天，这两个指数均下跌约1.5%，至两个月低点，因为投资者正在为特朗普总统将于周三生效的新贸易关税做准备。关税范围仍存在不确定性，有报道称，对大多数美国进口商品征收20%的关税。与此同时，3月份欧元区通胀率降至2.2%，与预期相符。在企业新闻方面，蒂森克虏伯股价飙升逾7%，此前开普勒-切夫鲁（Kepler-Cheuvreux）分析师将该股评级上调至“买入”，理由是德国钢铁和国防支出增加。

European markets rebounded on Tuesday, with the Stoxx 50 and Stoxx 600 rising over 1%, recovering from a four-session losing streak. This comes after both indexes fell about 1.5% the previous day to two-month lows, as investors braced for President Trump’s new trade tariffs set to take effect on Wednesday. Uncertainty remains over the scope of the tariffs, with reports suggesting a 20% levy on most U.S. imports. Meanwhile, Eurozone inflation cooled to 2.2% in March, in line with expectations. In corporate news, Thyssenkrupp surged over 7% after analysts at Kepler Cheuvreux upgraded the stock to “buy,” citing increased steel and defense spending in Germany.

欧元跌至1.08美元以下，此前有报道称白宫助手提议对大多数美国进口商品征收约20%的关税，但尚未做出最终决定。投资者正急切地等待特朗普总统互惠关税的进一步细节，该关税将于4月2日生效，此前上个月对铝、钢铁、汽车征收关税，并对所有中国商品征收更高的关税。与此同时，经济数据显示，3月份欧元区消费者价格通胀率降至2.2%，为2024年11月以来的最低水平，主要原因是服务价格增长放缓。核心通胀率下降超过预期，降至2.4%，为2022年1月以来的最低水平。随着通胀压力降温和全球贸易紧张局势升级，人们越来越期望欧洲央行今年可能降息65个基点。欧元上个月上涨3%，受美国关税政策转变和德国批准一项重大财政计划导致美元普遍疲软的支撑。

The euro dropped below the $1.08 mark following reports that White House aides are proposing tariffs of around 20% on most U.S. imports, though no final decision has been made. Investors are eagerly awaiting further details on President Trump’s reciprocal tariffs, set to take effect on April 2, following last month’s imposition of levies on aluminum, steel, autos, and increased tariffs on all Chinese goods. Meanwhile, economic data revealed that Eurozone consumer price inflation eased to 2.2% in March, the lowest level since November 2024, primarily driven by a slowdown in service price growth. Core inflation dropped more than expected to 2.4%, marking its lowest reading since January 2022. With inflationary pressures cooling and global trade tensions escalating, expectations grew that the ECB may cut interest rates by 65 bps this year. The euro gained 3% last month, supported by broad dollar weakness amid shifting U.S. tariff policies and Germany’s approval of a major fiscal package.