据初步估计，欧元区消费者信心指数从6月份的-15.3上升到2025年7月的-14.7，上升了0.6，超过了市场预期的-15。尽管如此，消费者信心指数仍远低于长期平均水平。与此同时，整个欧盟的消费者士气也上升了0.3个百分点，达到-14.5。

The Euro Area consumer confidence indicator rose by 0.6 to -14.7 in July 2025 from -15.3 in June and beating market expectations of -15, according to a preliminary estimate. Still, consumer confidence continues to score well below its long-term average. Meanwhile, consumer morale across the European Union also increased by 0.3 points to -14.5.

欧元兑美元汇率高于1.17美元，仍接近2021年8月以来的最高水平，因为在美日协议宣布后，人们对美国和欧盟之间可能达成的贸易协议越来越乐观。然而，在华盛顿和布鲁塞尔重启关税谈判之前，投资者仍持谨慎态度，有报道称，欧盟正在准备反制措施，以防谈判在8月1日截止日期前陷入僵局。与此同时，市场关注的是周四欧洲央行的政策决定和欧元区最大经济体发布的PMI预览数据。人们普遍预计，欧洲央行在连续八次降息后将保持利率不变，因为政策制定者正在权衡美国关税高于预期和欧元走强对增长和通胀的潜在影响。货币市场完全预计到12月将降息25个基点，最早在9月降息的可能性约为50%。

The euro traded above $1.17, remaining close to its highest level since August 2021, as optimism grew over a potential trade agreement between the US and the European Union following the announcement of a US-Japan deal. However, investor caution lingered ahead of renewed tariff negotiations between Washington and Brussels, amid reports that the EU is preparing countermeasures in case talks stall before the August 1 deadline. Meanwhile, markets are focused on Thursday’s European Central Bank policy decision and the release of flash PMI data from the eurozone’s largest economies. The ECB is widely expected to keep interest rates unchanged after eight consecutive cuts, as policymakers weigh the potential impact of steeper-than-expected US tariffs and a stronger euro on growth and inflation. Money markets are fully pricing in a 25 basis point rate cut by December, with roughly a 50% chance of it coming as early as September.

周三，欧洲股市四个交易日来首次上涨，STOXX 50指数上涨1%，STOXX 600指数上涨0.9%，因为美国和日本之间的贸易协议引发了人们对进一步达成协议和降低关税的希望。特朗普总统表示，日本已同意对其对美国的出口征收15%的关税，并承诺向美国投资5500亿美元，向美国主要商品开放市场。美国总统还表示，欧盟代表今天将前来参加贸易谈判。大盘股大多较高，包括ASML控股（1.4%）、雀巢（0.7%）、LVMH（2.4%）和爱马仕（2.2%）。汽车行业也是表现最好的行业之一，包括法拉利（1.6%）、梅赛德斯-奔驰（5.5%）、宝马（4.6%）、保时捷（5.1%）和大众（5.3%）。另一方面，SAP股价下跌近4%，此前该公司的业绩未能给投资者留下深刻印象，因为该公司支持其今年的指导方针。

European stocks rose on Wednesday for the first time in four sessions, with the STOXX 50 climbing 1% and the STOXX 600 up 0.9%, as a trade agreement between the US and Japan sparked hopes for further deals and reduced tariffs. President Trump said that Japan had agreed to a 15% tariff on its exports to the US, alongside a commitment to invest $550 billion into the US and open its markets to key American goods. The US President also said that representatives from the European Union were coming for trade negotiations today. Megacaps were mostly higher, including ASML Holding (1.4%), Nestle (0.7%), LVMH (2.4%) and Hermes (2.2%). The auto sector was also among the top performing sectors, including Ferrari (1.6%), Mercedes-Benz (5.5%), BMW (4.6%), Porsche (5.1%) and VW (5.3%). On the other hand, shares of SAP sank almost 4% after the company's results failed to impress investors as it backed its guidance for the year.

欧洲股市周三开盘走高，受美日贸易协议宣布后全球情绪改善的提振。美国总统唐纳德·特朗普透露，日本已同意对其对美国的出口征收15%的关税，并承诺向美国投资5500亿美元，向美国主要商品开放市场。在欧洲，投资者将把注意力转向该地区最新的消费者信心数据，以及新一轮的企业盈利。Iberdrola、Moncler、Thales、Randstad和UniCredit等公司预计将发布关键报告。盘前交易中，欧洲斯托克50指数期货上涨1.2%，斯托克600指数期货上涨0.9%，标志着交易日开局强劲。

European equity markets were set to open higher on Wednesday, buoyed by improved global sentiment following the announcement of a US-Japan trade deal. US President Donald Trump revealed that Japan had agreed to a 15% tariff on its exports to the US, alongside a commitment to invest $550 billion into the US and open its markets to key American goods. In Europe, investors will turn their attention to the latest consumer confidence data for the region, as well as a fresh round of corporate earnings. Key reports are expected from Iberdrola, Moncler, Thales, Randstad, and UniCredit, among others. In premarket trade, Euro Stoxx 50 futures rose 1.2% while Stoxx 600 futures were up 0.9%, signaling a strong start to the session.