欧洲股市周二上涨，斯托克50指数和斯托克600指数分别上涨0.5%和0.6%，达到一个月高点，零售股上涨1.6%，建筑和材料股上涨超过1%。然而，保险股下跌0.4%。在法国，政治紧张局势很高，因为总理米歇尔·巴尼耶利用特殊的宪法权力通过了一项有争议的预算，促使反对党推动周三可能举行的不信任投票。尽管如此，法国CAC 40指数收盘上涨0.3%，削减了早些时候的涨幅，而德国DAX指数首次突破20000点大关。

European stocks rose on Tuesday, with the Stoxx 50 and Stoxx 600 climbing 0.5% and 0.6%, respectively, to reach a one-month high, driven by a 1.6% rise in retail stocks and over 1% gains in construction and materials. However, insurance stocks fell by 0.4%. In France, political tensions are high as Prime Minister Michel Barnier used special constitutional powers to pass a controversial budget, prompting opposition parties to push for a no-confidence vote that could happen Wednesday. Despite this, France’s CAC 40 closed 0.3% higher, trimming earlier gains, while Germany’s DAX crossed the 20,000 mark for the first time.

欧元微涨至1.0527美元，部分从周一0.8%的下跌中恢复过来，此前法国的政治动荡加剧了市场的不确定性。由于担心法国政府崩溃，货币仍面临压力，法国总理米歇尔·巴尼耶面临对一项涉及增税和削减开支的分裂预算计划的不信任投票。对欧元对冲的需求增加，将波动性推至2023年3月以来的最高水平，反映出人们对疲软的经济数据、欧元区主要经济体的政治不稳定以及美元走强的担忧日益加剧。在货币政策方面，市场越来越多地考虑到12月降息50个基点，尽管降息25个基点的可能性仍然更大。在过去的一个月里，欧元兑美元下跌了3%，兑英镑和瑞士法郎均下跌了1%以上。与美元平价正成为投资者日益关注的问题。

The euro edged up to $1.0527, partially recovering from a 0.8% drop on Monday before as political turmoil in France heightened market uncertainty. The currency remains under pressure amid fears of a government collapse in France, where Prime Minister Michel Barnier faces a no-confidence vote over a divisive budget plan involving tax hikes and spending cuts. Elevated demand for euro hedges has pushed volatility to its highest since March 2023, reflecting growing concerns over weak economic data, political instability across key Eurozone economies, and a strong U.S. dollar. On the monetary policy front, markets are increasingly factoring in a 50 basis point reduction in December, though a 25 basis point cut remains more likely. Over the past month, the euro has lost 3% against the dollar and over 1% against both the pound and Swiss franc. Parity with the dollar is becoming a growing concern among investors.

周二，STOXX 50指数上涨0.5%，STOXX 600指数上涨0.4%，延续了前一交易日的涨幅，因为拜登政府对美国对华技术出口的新限制被证明没有最初预期的那么严重。ASML控股公司股价上涨2.5%，英飞凌和意法半导体股价均上涨约1%。与此同时，交易员们正密切关注法国的政治动荡，法国政府正在为明天可能发生的不信任投票做准备。法国股市呈绿色，即圣戈班（1.7%）、家乐福（1.3%）、开云集团（1.1%）、路威酩轩集团（0.9%）和法国兴业银行（0.6%）。另一方面，梅赛德斯-奔驰（-1.5%）的表现最差。

The STOXX 50 was up 0.5% and the STOXX 600 added 0.4% on Tuesday, extending gains from the previous session, as new US restrictions on tech exports to China under the Biden administration proved less severe than initially anticipated. Shares of ASML Holding gained 2.5% and both Infineon and STMicroelectronics rose about 1%. Meanwhile, traders are keeping a close eye on political turbulence in France, where the government is bracing for an upcoming no-confidence vote that could happen as soon as tomorrow. French shares were in the green, namely Saint-Gobain (1.7%), Carrefour (1.3%), Kering (1.1%), LVMH (0.9%) and Societe Generale (0.6%). On the other hand, Mercedes-Benz (-1.5%) was among the worst performers.

周二，欧洲股市有望在最近上涨的基础上进一步开盘，因为拜登政府对美国对华技术出口的新限制被证明没有最初预期的那么严厉。与此同时，交易员们正密切关注法国的政治动荡，法国政府正在为即将到来的不信任投票做准备。在经济方面，市场参与者将关注英国零售销售和西班牙失业数据。周二没有重大收益报告。在盘前交易中，欧元STOXX 50和STOXX 600期货分别上涨约0.3%和0.2%。

European equity markets were poised for a higher open on Tuesday, building on recent gains, as new US restrictions on tech exports to China under the Biden administration proved less severe than initially anticipated. At the same time, traders are keeping a close eye on political turbulence in France, where the government is bracing for an upcoming no-confidence vote. On the economic front, market participants will focus on UK retail sales and Spanish unemployment data. There are no major earnings reports scheduled for Tuesday. In premarket trading, Euro STOXX 50 and STOXX 600 futures were up approximately 0.3% and 0.2%, respectively.