在法兰克福，DAX指数周二上涨299点，涨幅1.43%。海德堡水泥（4.37%）、莱茵金属（4.30%）和Vonovia（3.45%）领涨。

In Frankfurt, the DAX Index gained 299 points or 1.43 percent on Tuesday. Gains were led by HeidelbergCement (4.37%), Rheinmetall (4.30%) and Vonovia (3.45%).

德国5年期国债拍卖从之前的2.44%降至2.06%。德国5年期国债拍卖从之前的2.44%降至2.06%

Germany 5-y Note Auction declined to 2.06% from previous 2.44%.Germany 5-y Note Auction declined to 2.06% from previous 2.44%

德国ZEW跌至-14，贸易不确定性扰乱前景。投资者对德国的信心在4月份急剧恶化，ZEW经济情绪指数从51.6暴跌至-14，这是自2022年俄乌战争爆发以来的最大跌幅。

German ZEW collapses to -14 as trade uncertainty rattles outlook.Investor confidence in Germany took a sharp turn for the worse in April, with ZEW Economic Sentiment Index plummeting from 51.6 to -14, its steepest decline since the onset of the Russia-Ukraine war in 2022.

2025年4月，德国ZEW经济情绪指标从3月的51.6降至-14，为2023年7月以来的最低水平，远低于9.5的预测。这标志着自2022年俄罗斯入侵乌克兰以来预期的最大跌幅，因为美国贸易政策的不可预测的变化继续严重影响市场情绪。ZEW总裁Achim Wambach博士表示：“不仅宣布的互惠关税对全球贸易的潜在影响，而且其变化的动态性也导致了全球不确定性的大幅增加。汽车和化学工业以及金属、机械和钢铁生产等出口密集型行业最近有了显著改善，尤其受到影响。”。与此同时，对当前经济形势的评估略有改善，从-87.6降至-81.2。

The ZEW Indicator of Economic Sentiment for Germany sank to -14 in April 2025, the lowest since July 2023, from 51.6 in March, and much worse than forecasts of 9.5. It marks the steepest drop in expectations since the onset of Russia’s invasion of Ukraine in 2022, as unpredictable shifts in US trade policy continue to weigh heavily on sentiment. "Not only the potential consequences of the announced reciprocity tariffs for global trade, but also the dynamic nature of their changes have led to a massive increase in global uncertainty. Export-intensive sectors such as the automotive and chemical industries, as well as metal, machinery, and steel production, which have recently seen significant improvements, are particularly affected", ZEW President Prof. Achim Wambach, PhD, said. Meanwhile, the assessment of the current economic situation improved slightly to -81.2 from -87.6.