欧元徘徊在1.16美元左右，仍处于8月25日以来的最低水平，因为市场关注法国的政治发展，预计法国总统埃马纽埃尔·马克龙将在塞巴斯蒂安·莱科尔努辞职后任命新总理。在Lecornu表示解散议会不太可能之后，投资者对可能避免提前选举的迹象表示欢迎。与反对党和盟友的讨论也表明，各方广泛支持在年底前通过预算。与此同时，德国的最新数据加剧了人们对欧元区经济前景的担忧。德国出口意外下降，而进口下降幅度超过预期。这些发展是在本周早些时候公布的工业产出和工厂订单大幅下降之后出现的。

The euro hovered around the $1.16 mark, remaining at its weakest level since August 25, as markets focused on political developments in France, where President Emmanuel Macron is expected to appoint a new prime minister following Sébastien Lecornu’s resignation. Investors welcomed signs that snap elections are likely to be avoided, after Lecornu indicated that dissolving parliament was improbable. Discussions with opposition parties and allies also suggested broad support for passing a budget by year-end. Meanwhile, fresh data from Germany added to concerns about the eurozone’s economic outlook. German exports unexpectedly declined, while imports fell more sharply than anticipated. These developments came on the heels of steep drops in both industrial output and factory orders released earlier in the week.

斯托克50指数抹去了开盘时曾将其推高至历史高点的早盘涨幅，周四徘徊在平线附近。与此同时，STOXX 600指数在前一交易日收于新高后下跌0.3%，受银行业下跌的拖累。汇丰银行（HSBC）股价暴跌逾6%，此前有消息称其香港子公司恒生银行（HangSengBank）将进行私有化，估值超过2900亿港元。劳埃德银行股价下跌3.4%，此前该行警告称，正在进行的汽车金融调查可能会产生影响。欧莱雅（-1.1%）和联合信贷银行（-1.1%。从好的方面来看，爱马仕上涨1.4%，至2179欧元，为2025年8月以来的最高水平，而西门子（+0.9%）、施耐德电气（+0.8%）、Vinci（+0.9%”）和梅赛德斯-奔驰（+0.7%）也上涨。与此同时，交易员们继续关注法国的政治发展，因为马克龙总统昨晚表示，他将在未来48小时内任命一位新总理。

The STOXX 50 erased early gains that had lifted it to record highs at the open, hovering around the flatline on Thursday. Meanwhile, the STOXX 600 was down 0.3% after closing at fresh highs in the previous session, weighed down by losses in the banking sector. HSBC shares tumbled more than 6% following news of a privatization bid for its Hong Kong–based subsidiary, Hang Seng Bank, valuing it at over HK$290 billion. Lloyds fell 3.4% after warning of a potential impact from the ongoing motor finance probe. L'Oréal (-1.1%) and UniCredit (-1.1%) also traded lower. On the upside, Hermès gained 1.4% to €2,179, its highest level since August 2025, while Siemens (+0.9%), Schneider Electric (+0.8%), Vinci (+0.9%), and Mercedes-Benz (+0.7%) also advanced. Meanwhile, traders continued to monitor political developments in France, as President Macron said last night he would appoint a new prime minister within the next 48 hours.

周四，欧洲股市开盘走低，投资者在等待法国总统埃马纽埃尔·马克龙在塞巴斯蒂安·莱科尔努及其内阁意外辞职后选择新总理。在欧盟宣布计划削减进口钢铁的免关税配额，并将过剩进口的关税从25%提高到50%后，贸易商也消化了最近的贸易发展。周三，此举引发了安赛乐米塔尔和蒂森克虏伯等钢铁制造商的强劲上涨。盘前交易中，欧洲斯托克50指数期货下跌0.1%，斯托克600指数期货下跌0.3%。

European equity markets were poised for a weaker open on Thursday as investors awaited French President Emmanuel Macron’s choice for a new prime minister following the unexpected resignation of Sebastien Lecornu and his cabinet. Traders also digested recent trade developments after the EU announced plans to cut tariff-free quotas on imported steel and raise tariffs on excess imports from 25% to 50%. The move sparked strong gains in steelmakers such as ArcelorMittal and ThyssenKrupp on Wednesday. In premarket trading, Euro Stoxx 50 futures slipped 0.1%, while Stoxx 600 futures fell 0.3%.

周三，欧洲股市收于历史新高，在银行和工业巨头的强劲支持下，抹去了前两个交易日的跌幅，因为市场评估了欧盟新关税的影响。欧元区STOXX 50指数上涨0.8%，至5656点，泛欧STOXX 600指数上涨0.8%至574点。权重金融公司领涨，追随欧元区主要政府债券的强劲走势，因为市场在法国政治危机和德国承担额外债务的情况下重新评估了欧盟的财政风险。安联、桑坦德、联合信贷、安盛和西班牙对外银行上涨2%至1.8%。奢侈品牌和工业巨头也上涨，西门子、LVMH、爱马仕和赛峰集团上涨超过1.5%。与此同时，欧盟在将进口钢铁关税提高到50%后不久宣布了削减进口钢铁免关税配额的计划。钢铁制造商安赛乐米塔尔和蒂森克虏伯分别飙升6.6%和4.7%，但汽车制造商录得大幅亏损。

European stocks closed at record highs on Wednesday, erasing losses from the two previous sessions with strong support from banks and industrial giants as markets assessed the impact of fresh tariffs from the EU. The Eurozone's STOXX 50 jumped 0.8% to 5,656 and the pan-European STOXX 600 rose 0.8% to 574. Heavyweight financial companies led the gains on the session, tracking the strong session for key government bonds in the currency bloc as markets reassessed fiscal risks on the EU amid the political crisis in France and additional debt taken by Germany. Allianz, Santander, UniCredit, AXA, and BBVA gained between 2% and 1.8%. Luxury brands and industrial giants were also higher, with Siemens, LVMH, Hermes, and Safran rising more than 1.5%. In the meantime, the EU announced plans to cut tariff-free quotas on imported steel shortly after raising tariffs on the metal to 50%. Steelmakers ArcelorMittal and ThyssenKrupp soared 6.6% and 4.7%, but auto makers recorded sharp losses.