欧洲股市周四上涨，STOXX 50指数上涨0.9%，STOXX 600指数上涨0.5%，因为在贸易战担忧缓解的情况下，一波全球风险情绪提振了市场。美国国际贸易法院裁定，唐纳德·特朗普总统在征收互惠关税方面越权，并命令政府停止征收。此外，英伟达本季度强劲的盈利和乐观的前景提振了投资者情绪，因为其首席执行官表示，人工智能计算市场仍在“指数增长”的轨道上。科技板块上涨超过1.5%。SAP（1.5%）、ASML控股（3.1%）和达索系统（1%）均录得收益。

European stocks rose on Thursday, with the STOXX 50 gaining 0.9% and the STOXX 600 up 0.5%, as a wave of global risk-on sentiment lifted markets amid easing trade war concerns. A US Court of International Trade ruled that President Donald Trump had exceeded his authority in imposing reciprocal tariffs and ordered the administration to halt their collection. In addition, Nvidia’s strong earnings and upbeat outlook for the current quarter boosted investor sentiment, as its CEO stated that the AI computing market remains on track for “exponential growth”. The tech sector was up more than 1.5%. SAP (1.5%), ASML Holding (3.1%), and Dassault Systemes (1%) all booked gains.

欧元跌至1.13美元以下，跌至一周多来的最低水平，受美元整体走强的拖累。在联邦贸易法院推翻唐纳德·特朗普总统的全球互惠关税并命令政府停止征收后，美元上涨。该裁决缓解了投资者对贸易战升级的担忧。上周末，特朗普总统将欧盟进口50%的计划推迟到7月9日，就在宣布该措施并最初将其定为6月1日生效的几天后。在货币政策方面，欧洲央行将于下周宣布其政策决定。尽管许多分析人士预计将再次降息，但一些欧洲央行官员最近采取了更强硬的语气，主张暂停进一步的宽松政策。 与此同时，经济数据显示，法国5月份的通胀率意外放缓。

The euro fell below $1.13, retreating to its lowest level in over a week, weighed down by broad dollar strength. The dollar gained after a federal trade court struck down President Donald Trump’s worldwide reciprocal tariffs and ordered the administration to cease their collection. The ruling eased investor concerns about an escalating trade war. Over the weekend, President Trump postponed a planned 50% hike on EU imports to July 9th, just days after announcing the measure and initially setting it to take effect on June 1st. On the monetary policy front, the ECB is set to announce its policy decision next week. While many analysts anticipate another rate cut, some ECB officials have recently adopted a more hawkish tone, advocating for a pause in further easing. Meanwhile, economic data showed that France’s inflation rate unexpectedly slowed in May.

周四，随着关税风险的缓解提振了投资者信心，欧洲股市有望迎来强劲开局。美国国际贸易法院裁定，唐纳德·特朗普总统在征收互惠关税方面越权，下令撤销并永久阻止这些措施。虽然预计特朗普政府将提出上诉，但这一决定对总统的激进关税战略造成了重大打击。美国芯片制造商英伟达公布了强于预期的第一季度业绩，进一步提升了全球风险偏好，这得益于人工智能行业的持续需求，尽管对中国的出口限制持续带来不利影响。在数据方面，投资者将关注西班牙零售销售以及意大利商业和消费者信心数据。欧洲没有计划公布主要企业收益。在盘前交易中，欧洲斯托克50指数和斯托克600指数期货均上涨超过1%。

European equity markets were poised for a strong start on Thursday as easing tariff risks boosted investor confidence. The US Court of International Trade ruled that President Donald Trump had exceeded his authority in imposing reciprocal tariffs, ordering the measures to be vacated and permanently blocked. While the Trump administration is expected to appeal, the decision dealt a significant blow to the president’s aggressive tariff strategy. Further lifting global risk appetite, US chipmaker Nvidia reported stronger-than-expected first-quarter results, driven by sustained demand in the artificial intelligence sector—despite ongoing headwinds from export restrictions to China. On the data front, investors will be watching for Spanish retail sales and Italian business and consumer confidence figures. No major corporate earnings are scheduled for release in Europe. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were both up more than 1%.

欧洲股市在下午交易中回落，周三收盘时大幅下跌，受大多数主要行业的压力，本周涨幅有所收窄。欧元区STOXX 50指数下跌0.7%，收于5380点，泛欧STOXX 600指数下跌0.6%，收于549点。由于对这家芯片制造巨头的关税担忧和出口管制可能会使其前景黯淡，并影响全球股市，投资者选择在美国股市开盘后英伟达盈利之前削减风险较高资产的头寸。欧洲科技巨头股价小幅下跌，SAP、ASML和英飞凌下跌近1%。与此同时，在欧洲债券回落的情况下，银行股大幅下跌，BBVA下跌2.3%，ING和BNP下跌超过1%。另一方面，德国汽车制造商在宝马、大众和梅赛德斯-奔驰超过2%的涨幅的支撑下收盘走高。此外，除了穆迪对意大利银行的评级上调外，联合信贷银行在增持希腊阿尔法银行股份后上涨了1%。

European stocks pulled back in afternoon trading to close firmly lower on Wednesday, trimming gains from the week with pressure from most major sectors. The Eurozone's STOXX 50 dropped 0.7% to close at 5,380 and the pan-European STOXX 600 fell 0.6% to 549. Investors opted to trim positions in riskier assets ahead of the Nvidia earnings after the bell in the US, as tariff concerns and export controls against the chipmaking giant may dim its outlook and impact stocks across the globe. Tech giants traded in Europe edged lower, with SAP, ASML, and Infineon down close to 1%. In the meantime, banks were sharply lower amid the pullback in European bonds, with BBVA down 2.3% and ING and BNP dropping over 1%. On the other hand, German auto manufacturers closed firmly higher with support from over 2% gains by BWM, Volkswagen, and Mercedes Benz. Also, UniCredit gained 1% after it raised its stake in Greek Alpha Bank, in addition to Moody's upgrades on Italian lenders.