欧洲股市周二收盘大幅下跌，受金融板块大幅下跌的压力，市场继续评估全球利率前景。斯托克50指数下跌1.3%，收于5372点，泛欧斯托克600指数下跌1.2%，收于551点。在美联储和英国央行本周做出关键货币政策决定以及中美贸易谈判之前，交易员变得谨慎，而美国总统特朗普今天开始访问英国。在数据方面，德国ZEW经济景气指数意外上涨，而英国劳动力数据继续预示着就业市场放缓。安联、桑坦德、联合圣保罗、慕尼黑再保险和德意志交易所均下跌近2.5%，为金融股设定了步伐。与此同时，欧莱雅股价在杰弗里斯下调评级后下跌了近3%。此外，奢侈品行业仍然不稳定，因为市场在等待阿玛尼创始人去世后对其未来的见解，阿玛尼在遗嘱中包括了可能出售的指示。

European stocks closed sharply lower on Tuesday, pressured by aggressive losses in the financial sector as markets continued to assess the outlook on global rates. The STOXX 50 lost 1.3% to 5,372 and the pan-European STOXX 600 dropped 1.2% to 551. Traders turned cautious ahead of key monetary policy decisions this week from the Fed and the BoE, as well as China–US trade talks, while US President Trump begins his visit to the UK today. On the data front, the ZEW Economic Sentiment Index for Germany surprised on the upside, while UK labour figures continued to signal a slowdown in the job market. Allianz, Santander, Intesa Sanpaolo, Munich Re, and Deutsche Boerse all lost close to 2.5% to set the pace for financial stocks. In the meantime, L'Oreal fell nearly 3% after having its stock downgraded by Jeffries. Also, the luxury sector remained volatile as markets awaited insights on the future of Armani following its founder's death, who included directions on a possible sale in his will.

欧元兑美元升至1.18，为2021年9月以来的最高水平。在过去的4周里，欧元兑美元上涨了1.51%，在过去的12个月里，它上涨了6.49%。

EURUSD increased to 1.18, the highest since September 2021. Over the past 4 weeks, Euro US Dollar gained 1.51%, and in the last 12 months, it increased 6.49%.

欧元自7月以来首次攀升至1.18美元上方，徘徊在2021年9月以来的最高水平，这得益于欧元区和德国投资者情绪强于预期，以及美元普遍疲软，因为美联储准备在本周恢复降息。市场普遍预计美联储将降息至少25个基点，因为政策制定者正在权衡劳动力市场降温与关税带来的持续通胀压力。相比之下，欧洲官员继续强调对通货膨胀的谨慎。欧洲央行执行委员会成员伊莎贝尔·施纳贝尔敦促政策制定者“保持稳健”，并警告称，从关税和服务通胀到食品价格和财政政策的风险仍然很大。斯洛伐克央行行长彼得·卡齐米尔（Peter Kazimir）呼应了这一观点，警告称忽视这些风险“将是一个错误”。欧洲央行上周连续第二次会议保持借贷成本不变，这表明其降息周期可能已经结束。

The euro climbed above $1.18 for the first time since July, hovering at its highest level since September 2021, supported by stronger-than-expected investor sentiment in both the Eurozone and Germany, alongside broad dollar weakness as the US Fed prepares to resume interest rate cuts this week. Markets broadly expect the Fed to lower rates by at least 25 bps as policymakers weigh a cooling labor market against lingering inflationary pressures from tariffs. In contrast, European officials continue to emphasize caution on inflation. ECB Executive Board member Isabel Schnabel urged policymakers to “keep a steady hand,” warning that risks ranging from tariffs and services inflation to food prices and fiscal policy remain significant. Slovak central-bank Governor Peter Kazimir echoed that view, cautioning that ignoring these risks “would be a mistake.” The ECB last week kept borrowing costs unchanged for a second consecutive meeting, signaling that its rate-cutting cycle may have ended.

2025年第二季度，整个欧元区的工资同比增长3.7%，高于上一季度的3.4%。在该地区最大的经济体中，德国（第一季度为3.8%对2.9%）和荷兰（第二季度为5.9%对5.7%）的工资增长明显加快。相比之下，西班牙（3.4%对3.8%）、意大利（3.4%对4.0%）和法国（1.4%对1.9%）的增长有所放缓。

Wages across the Eurozone rose by 3.7% year-on-year in the second quarter of 2025, up from a 3.4% increase in the previous quarter. Among the region’s largest economies, wage growth accelerated notably in Germany (3.8% vs. 2.9% in Q1) and the Netherlands (5.9% vs. 5.7%). By contrast, growth eased in Spain (3.4% vs. 3.8%), Italy (3.4% vs. 4.0%), and France (1.4% vs. 1.9%).