欧盟50指数升至5481.00点，为2025年8月以来的最高点。在过去的4周里，欧元区股市指数（EU50）上涨了0.13%，在过去的12个月里，它上涨了12.48%。

EU50 increased to 5481.00 Index Points, the highest since August 2025. Over the past 4 weeks, Euro Area Stock Market Index (EU50) gained 0.13%, and in the last 12 months, it increased 12.48%.

STOXX 50指数上涨0.3%，收于四周高点，STOXX 600指数周五上涨0.1%，投资者消化了一周的货币政策决定。日本央行如预期般维持利率不变，但宣布计划开始解除其持有的大量交易所交易基金，令市场感到意外。交易员还监测到美国总统特朗普和中国国家主席Xi就贸易谈判发出信号的通话。在企业方面，空客（+1.7%）、桑坦德银行（+0.6%）和赛峰集团（1.2%）上涨，而美联社（-0.9%）和ASML控股公司（-1%）则出现亏损。考虑到整个星期，STOXX 50指数上涨1.3%，而STOXX 600指数变化不大。

The STOXX 50 was up 0.3% to trade at four-week highs and the STOXX 600 added 0.1% on Friday as investors digested a week filled with monetary policy decisions. The Bank of Japan left interest rates unchanged as expected but surprised markets by announcing plans to begin unwinding its massive exchange-traded fund holdings. Traders also monitored a call between US President Trump and Chinese President Xi for signals on trade negotiations. On the corporate side, Airbus (+1.7%), Banco Santander (+0.6%) and Safran (1.2%) posted gains while AP (-0.9%) and ASML Holding (-1%) slipped into the red. Considering the full week, the STOXX 50 gained 1.3% while the STOXX 600 was little changed.

欧洲股市周五开盘持平，巩固了科技股反弹推动的前一交易日的强劲涨幅。在美联储宣布普遍预期的降息25个基点并暗示今年将进一步降息后，投资者继续评估全球利率前景。与此同时，英格兰银行按预期保持政策稳定，但放慢了量化紧缩的步伐，以缓解长期信贷的压力。现在，人们的注意力转向了最新的英国零售销售数据和德国生产者通胀数据。欧洲斯托克50指数和斯托克600指数期货在盘前活动中几乎没有变化。

European equities were poised for a flat open on Friday, consolidating strong gains from the prior session driven by a rally in technology shares. Investors continued to evaluate the global rate outlook after the US Federal Reserve delivered a widely expected quarter-point cut and signaled more reductions this year. At the same time, the Bank of England kept policy steady as anticipated but slowed the pace of quantitative tightening to ease pressure on long-dated credit. Focus now turns to fresh UK retail sales figures and German producer inflation data. Euro Stoxx 50 and Stoxx 600 futures traded little changed in premarket activity.

周四，欧洲股市收盘大幅上涨，受到科技行业主要公司的强劲支持，同时投资者评估了主要央行的政策决定及其对全球利率的影响。正如预期的那样，美联储将利率下调了25个基点，并公布了今年再降息两次的中值预测，尽管对核心通胀和增长预期的上调缓和了明年进一步降息的押注。与此同时，正如预期的那样，英格兰银行保持利率不变，但放慢了量化紧缩的步伐，以缓解长期信贷的压力。科技股飙升，ASML飙升7.7%，SAP、英飞凌和诺基亚上涨5%至2%。工业巨头也领先，施耐德、赛峰集团和威科集团的涨幅在6%至2%之间。

European stocks closed sharply higher on Thursday on strong support from major companies in the tech sector, while investors assessed policy decisions from major central banks and their impact on global rates. The Federal Reserve cut its rates by 25bps, as expected, and published median projections of two more rate cuts this year, although upward revisions to expectations of higher core inflation and growth tempered bets of more cuts next year. In the meantime, the Bank of England held its rates unchanged, as expected, but slowed the pace of its quantitative tightening to tame pressure on credit of longer maturities. Tech shares surged, with ASML soaring 7.7% while SAP, Infineon, and Nokia adding between 5% and 2%. Industrial giants were also ahead, with Schneider, Safran, and Wolters Kluwer advancing between 6% and 2%.