周五，欧洲股市在小幅涨跌之间波动，主要受矿业和能源股拖累。在中国加强了对稀土及相关技术的出口管制，并禁止其公民从事未经授权的海外采矿后，市场情绪受到压力。与此同时，随着加沙停火生效，油价下跌，缓解了人们对通过苏伊士运河和红海运输原油的担忧。在单个板块中，西门子能源下跌3.1%，安赛乐米塔尔下跌2.9%，壳牌下跌1%，英国石油下跌0.7%。国防类股也面临压力，赛峰集团下跌1.5%，莱茵金属公司下跌2.3%，伦克公司下跌2.6%，莱昂纳多公司下跌4.3%，亨索特公司下跌4.7%。另一方面，Stellantis在报告第三季度交付量增长13%后上涨了近1%，梅赛德斯-奔驰上涨了2.1%。此外，Jyske Bank是表现最好的银行之一，在上调每股收益指导后上涨了4%。本周，STOXX 50指数下跌0.4%，而STOXX 600指数迄今上涨0.1%。

European stocks swung between small gains and losses on Friday, weighed down mainly by mining and energy shares. Sentiment was pressured after China tightened export controls on rare earths and related technologies and barred its citizens from engaging in unauthorized overseas mining. Meanwhile, oil prices declined as the ceasefire in Gaza took effect, easing concerns about crude shipments through the Suez Canal and the Red Sea. Among individual movers, Siemens Energy fell 3.1%, ArcelorMittal dropped 2.9%, Shell lost 1%, and BP declined 0.7%. Defense stocks were also under pressure, with Safran down 1.5%, Rheinmetall 2.3%, Renk 2.6%, Leonardo 4.3%, and Hensoldt 4.7%. On the other hand, Stellantis gained nearly 1% after reporting a 13% increase in Q3 deliveries and Mercedes-Benz added 2.1%. Also, Jyske Bank was among the top performers, rising 4% after raising its earnings per share guidance. For the week, the STOXX 50 is down 0.4%, while the STOXX 600 is up 0.1% so far.

STOXX 50指数上涨0.3%，而STOXX 600指数周五徘徊在平稳线上，结束了欧洲股市低迷的一周。交易员们仍然保持谨慎，等待新的催化剂，关注企业动态，并为财报季的开始做准备。市场也继续关注法国的政治局势，预计马克龙总统将很快宣布新总理。汽车行业在经历了自3月以来最糟糕的一天后反弹。Stellantis在报告第三季度交付量增长13%后上涨了近2%，这主要得益于北美的强劲销售。梅赛德斯-奔驰上涨2.2%，大众汽车上涨0.9%。银行也呈绿色，包括桑坦德银行（1%）和联合信贷银行（0.6%）。另一方面，医疗保健行业面临压力，即诺和诺德（0.9%）、诺华（0.5%）和阿斯利康（0.9%）。本周，STOXX 50指数下跌0.4%，而STOXX 600指数迄今上涨0.1%。

The STOXX 50 rose 0.3%, while the STOXX 600 hovered around the flatline on Friday, wrapping up a muted week for European equities. Traders remained cautious, awaiting fresh catalysts, monitoring corporate updates, and preparing for the start of the earnings season. Markets also continued to watch the political situation in France, with President Macron expected to announce a new prime minister soon. The auto sector rebounded after having its worst day since March. Stellantis gained nearly 2% after reporting a 13% increase in Q3 deliveries, driven largely by strong sales in North America. Mercedes-Benz added 2.2%, and Volkswagen rose 0.9%. Banks were also in the green, including Banco Santander (1%) and UniCredit (0.6%). On the other hand, the healthcare sector was under pressure, namely Novo Nordisk (0.9%), Novartis (0.5%), and AstraZeneca (0.9%). For the week, the STOXX 50 is down 0.4%, while the STOXX 600 is up 0.1% so far.

欧洲股市周五开盘走低，延续了前一交易日的下跌趋势，因为全球情绪受到对人工智能相关科技股高估值和潜在泡沫的担忧的压力。投资者也密切关注法国，法国总统埃马纽埃尔·马克龙仍在寻找不到两年的第六任总理。周四，在汇丰银行宣布计划将其持有63%股权的香港部门私有化后，欧洲银行纷纷下跌，而法拉利在下调其全年和2030年的指导方针以及电动汽车销售目标后暴跌。零售和医疗保健行业的下跌进一步打压了市场情绪。在早盘交易中，欧洲斯托克50指数和斯托克600指数期货下跌约0.1%。

European markets were poised to open lower on Friday, extending the previous session’s declines as global sentiment was pressured by concerns over lofty valuations and a potential bubble in AI-linked tech stocks. Investors also kept a close watch on France, where President Emmanuel Macron is still seeking his sixth prime minister in less than two years. On Thursday, European banks retreated after HSBC announced plans to privatize its 63%-owned Hong Kong unit, while Ferrari slumped following cuts to its full-year and 2030 guidance along with reduced EV sales targets. Losses in retail and healthcare sectors further weighed on sentiment. In early trade, Euro Stoxx 50 and Stoxx 600 futures slipped about 0.1%.

欧洲股市周四从创纪录水平下跌，斯托克50指数和斯托克600指数下跌约0.4%。欧洲银行股下跌逾1%，受汇丰银行拖累。汇丰银行宣布对其持有63%股权的香港子公司恒生银行进行私有化收购后，其股价下跌4.5%。奢侈品和消费品类股也受到影响：法拉利在下调全年和2030年的指导并削减电动汽车销售目标后下跌了15%，而LVMH、爱马仕和欧莱雅分别下跌了2.6%、2.2%和1.7%。丹麦制药巨头诺和诺德股价下跌1.1%，此前该公司宣布计划以每股54美元的价格收购美国生物技术公司Akero Therapeutics，使其估值达到47亿美元，并可能额外获得每股6美元的或有价值权。今天的注意力集中在法国，因为马克龙总统承诺在塞巴斯蒂安·莱科尔努辞职后48小时内任命新总理，同时呼吁避免另一个中间派盟友。

European stocks fell from record levels on Thursday, with the Stoxx 50 and the Stoxx 600 down by about 0.4%. European banks slipped more than 1%, dragged lower by HSBC, whose shares dropped 4.5% after announcing a privatization bid for its 63%-owned Hong Kong subsidiary, Hang Seng Bank. Luxury and consumer goods stocks also suffered: Ferrari tumbled 15% after lowering full-year and 2030 guidance and cutting EV sales targets, while LVMH, Hermès, and L’Oréal fell 2.6%, 2.2%, and 1.7%, respectively. Danish pharma giant Novo Nordisk dropped 1.1% after announcing plans to acquire US biotech Akero Therapeutics for $54 per share, valuing it at $4.7 billion, with an additional potential $6 per share contingent value right. Attention today was focused on France as President Macron pledged to appoint a new prime minister within 48 hours after Sebastien Lecornu’s resignation, amid calls to avoid another centrist ally.