周四，STOXX 50指数下跌0.2%，STOXX 600指数下跌0.1%，预计将连续第五个交易日下跌，因为谨慎的情绪在盈利结果和俄罗斯-乌克兰冲突升级的情况下回归。备受期待的Nvidia盈利结果超过了预期，但本期的销售预测未能吸引投资者。在欧洲，ASML控股下跌1.5%，LVMH下跌0.9%。京东股价暴跌约13%，此前该公司警告称，其年利润将低于预期。尽管瑞士制药公司诺华上调了中期销售预期，但其股价几乎没有变化。

The STOXX 50 was down 0.2% and the STOXX 600 declined 0.1% on Thursday and are on track to book a fifth straight session of losses, as cautious sentiment returned amind earnings results and escalation in the Russia-Ukraine conflict. Highly anticipated Nvidia earnings results surpassed estimates but sales forecast for the current period failed to exite investors. In Europe, ASML Holding were down 1.5% and LVMH dropped 0.9%. JD plunged about 13% after warning that its annual profits would come in at the lower end of its guidance. Shares of Novartis were little changed even though the Swiss pharmaceutical raised its medium-term sales guidance.

欧洲股市周四开盘走高，投资者情绪在连续四天抛售后趋于稳定。然而，随着人工智能行业领导者英伟达公布的收益超过季度预期，但显示出增长放缓的迹象，人们仍持谨慎态度。投资者还将关注欧洲的一系列关键经济报告，包括欧元区的新车注册和法国的商业信心数据。当天没有安排重大收益发布。盘前交易中，欧洲斯托克50指数和斯托克600指数期货均上涨约0.4%。

European equity markets were set to open higher on Thursday, as investor sentiment stabilized following four consecutive days of selling. However, caution remained in the air as Nvidia, the AI industry leader, reported earnings that surpassed quarterly estimates but showed signs of slowing growth. Investors will also be focusing on a series of key economic reports from Europe, including new car registrations in the Eurozone and French business confidence data. There are no major earnings releases scheduled for the day. In premarket trade, Euro Stoxx 50 and Stoxx 600 futures were both up by around 0.4%.

欧元跌至1.052美元，为2023年10月中旬以来的最低水平，受到美元普遍走强、俄罗斯和乌克兰之间紧张局势加剧以及对欧元区经济下行风险日益担忧的压力。有报道称，乌克兰首次向俄罗斯发射了英国巡航导弹。与此同时，欧洲央行在其年度《金融稳定评估》中强调，地缘政治紧张局势加剧和政策不确定性正在放大主权脆弱性，而全球贸易紧张局势加剧正在增加不利经济冲击的可能性。另一方面，第三季度欧元区谈判工资同比增长5.4%，为欧元引入以来的最高水平，使欧洲央行的降息计划变得更加复杂。预计央行仍将在12月第四次降息25个基点。

The Euro fell to $1.052, the lowest level since mid-October 2023, pressured by a general dollar strength, mounting tensions between Russia and Ukraine, and growing concerns about downside risks to the Eurozone economy. Reports emerged that Ukraine had fired UK cruise missiles into Russia for the first time. Meanwhile in its annual Financial Stability Review, the ECB highlighted that heightened geopolitical tensions and policy uncertainties are amplifying sovereign vulnerabilities, while rising global trade tensions are increasing the likelihood of adverse economic shocks. On the other hand, negotiated wages in the Euro Area rose 5.4% yoy in Q3, the most since the euro was introduced, complicating the ECB’s plans for interest rate cuts. The central bank is still expected to deliver its fourth 25 bps rate cut in December.

周三下午，乌克兰和俄罗斯之间的战争进一步升级，引发全球风险情绪回落，欧洲股市下跌。欧元区斯托克50指数下跌0.5%，至4730点，泛欧斯托克600指数小幅跌破500点。市场开始抛售股票，此前有报道称乌克兰在战争中首次向俄罗斯领土发射了英国制造的风暴阴影导弹。此前，美国制造的ATACMS导弹在同一天早上发射，俄罗斯扩大了使用原子武器的可能性。银行和汽车制造商在企业方面领跌，桑坦德银行、法国巴黎银行和西班牙对外银行下跌超过1.5%，而梅赛德斯-奔驰、Stellantis和大众汽车下跌超过1%。反过来，在收盘铃响后Nvidia公布第三季度收益之前，ASML下跌了1.5%，其指导被视为全球人工智能技术需求的领先指标。

European stocks swung lower in afternoon trading on Wednesday after further escalation in the war between Ukraine and Russia triggered a pullback in global risk sentiment. The Eurozone’s Stoxx 50 was 0.5% down at 4,730 and the pan-Euroepan Stoxx 600 edged below the flatline to cross the 500 territory. The market started to sell equities after reports that Ukraine fired UK-built Storm Shadow missiles into Russian territory for the first time in the war. This followed the firing of US-manufactured ATACMS missiles on the same morning that Russia expanded the scenario that warranted the use of Atomic Weapons. Banks and auto manufacturers led the losses on the corporate front, with Santander, BNP Paribas, and BBVA sinking over 1.5%, while Mercedes-Benz, Stellantis, and Volkswagen lost more than 1%. In turn, ASML dropped 1.5% ahead of the release of Nvidia’s third-quarter earnings after the closing bell, whose guidance is seen as a leading indicator of global demand for AI technology.