周二，欧洲股市收盘小幅下跌，在主要央行本周货币政策决定之前出现新的悲观经济信号，延续了其疲软的势头。欧元区STOXX 50指数微跌0.1%，至4943点，泛欧STOXX 600指数下跌0.4%，至514点。美联储将在明天的交易日后将其关键利率下调25个基点，预计英格兰银行将在本周晚些时候保持利率不变，而日本央行的鹰派举措可能会重新引发早些时候对利差交易解除的担忧。在数据方面，德国Ifo商业景气指数的跌幅大于预期，而ZEW经济情绪则意外上升。金融股领跌企业板块，桑坦德银行、联合圣保罗银行和西班牙对外银行的跌幅在4%至1.5%之间。与此同时，油价下跌促使道达尔能源和埃尼集团分别下跌1.2%和2.4%。另一方面，ASML收盘大幅上涨，涨幅为2%。

European stocks closed slightly lower on Tuesday, extending their muted momentum amid fresh pessimistic economic signals ahead of monetary policy decisions by major central banks this week. The Eurozone’s STOXX 50 edged 0.1% lower to 4,943 and the pan-European STOXX 600 dropped 0.4% to 514. The Federal Reserve is due to cut its key rate by 25bps after tomorrow’s session and the Bank of England is expected hold its rate later in the week, while hawkish moves from the BoJ may rekindle earlier concerns of carry trade unwinding. On the data front, the Ifo Business Climate for Germany posted a bigger-than-expected drop while the ZEW Economic Sentiment recorded a surprise increase. Financials led the losses on the corporate front, with Santander, Intesa Sanpaolo, and BBVA losing between 4% and 1.5%. In the meantime, lower oil prices drove TotalEnergies and ENI to drop 1.2% and 2.4%, respectively. On the other hand, ASML closed sharply higher with a 2% jump.

周二，STOXX 50指数扭转了早盘跌幅，上涨0.2%，而STOXX 600指数仍处于负值区间，下跌0.4%。市场情绪仍然谨慎，交易员等待包括美联储和英格兰银行在内的主要央行的货币政策决定。在数据方面，德国Ifo商业景气指数的跌幅大于预期，而ZEW经济情绪则意外上升。能源行业是表现最差的行业之一。另一方面，LVMH（1%）、ASML控股（3%）、欧莱雅（0.7%）和Inditex（1.2%）均录得强劲涨幅。此外，在德意志银行将空客股票从“持有”上调至“买入”后，空客股价上涨1.9%。

The STOXX 50 reversed early losses to gain 0.2% on Tuesday, while the STOXX 600 remained in negative territory, declining 0.4%. Market sentiment remained cautious as traders awaited monetary policy decisions from major central banks, including the Fed and the Bank of England. On the data front, the Ifo Business Climate for Germany posted a bigger-than-expected drop while the ZEW Economic Sentiment recorded a surprise increase. The energy sector was among the worst performers. On the other hand, LVMH (1%), ASML Holding (3%), L'Oréal (0.7%) and Inditex (1.2%) booked strong gains. Also, shares of Airbus rose 1.9% after Deutsche Bank upgraded the stock to "buy" from "hold".

2024年12月，欧元区ZEW经济情绪指标上升4.5点，至17点，远高于市场预期的12.2点。市场情绪的改善是由更乐观的经济前景推动的，这得益于德国提前举行的选举，这提高了人们对投资友好政策的预期，以及较低利率和稳定通胀的前景。12月，约56.6%的受访分析师预计经济活动不会发生变化，30.2%的人认为经济活动有所改善，13.2%的人预计经济活动会恶化。与此同时，当前经济形势指标下降11.2点至-55，通胀预期下降10.5点至-23.9。

The ZEW Indicator of Economic Sentiment for the Euro Area rose by 4.5 points to 17 in December 2024, well above market expectations of 12.2. The improvement in sentiment was driven by a more optimistic economic outlook, fueled by early elections in Germany, which heightened expectations of investment-friendly policies, alongside prospects of lower interest rates and stable inflation. In December, about 56.6% of the surveyed analysts expected no changes in economic activity, 30.2% saw an improvement and 13.2% anticipated a deterioration. In the meantime, the indicator of the current economic situation dropped by 11.2 points to -55 and inflation expectations fell by 10.5 points to -23.9.

2024年10月，欧元区录得68亿欧元的贸易顺差，较去年同期的94亿欧元有所收窄，远低于市场预期的117亿欧元。欧元区的进口额比上年增长3.2%，达到2472亿欧元。反过来，欧元区的出口每年增长2.1%，达到2540亿欧元，这与最近对欧元区最大经济体制造业萎缩的担忧相一致。

The Eurozone recorded a trade surplus of €6.8 billion in October of 2024, narrowing from the €9.4 billion in the corresponding period of the previous year and firmly below market expectations of €11.7 billion. Imports to the currency bloc rose by 3.2% from the previous year to €247.2 billion. In turn, exports from the bloc rose by a softer 2.1% annually to €254 billion, aligned with recent concerns of contracting manufacturing sectors within the Eurozone’s largest economies.