在法兰克福，DAX指数周五上涨147点，涨幅0.63%。德国商业银行（4.36%）、拜耳（2.67%）和戴姆勒卡车控股公司（2.49%）领涨。跌幅最大的是彪马（-7.40%）、安联（-2.69%）和侨根保险（-1.21%）。

In Frankfurt, the DAX Index gained 147 points or 0.63 percent on Friday. Gains were led by Commerzbank (4.36%), Bayer (2.67%) and Daimler Truck Holding AG (2.49%). Biggest losers were Puma (-7.40%), Allianz (-2.69%) and Qiagen NV (-1.21%).

法兰克福DAX指数周五上涨0.7%，突破23500点，创下历史新高，延续了周四的涨幅，并与更广泛的全球市场势头保持一致。这一进展是由最终确定的美英贸易协定推动的，该协定增强了人们对更广泛的美欧协议取得进展的期望。市场注意力现在转向即将到来的美中谈判，交易员也在密切关注企业盈利。西门子能源、戴姆勒卡车、拜耳、默克、宝马、英飞凌和Brenntag领涨，涨幅在1.7%至2.7%之间。德国商业银行股价上涨，飙升近4%，此前该行公布了第一季度的意外利润增长。本周，该指数上涨了近2%，这是由于对新成立的政府领导下的德国经济前景的乐观情绪以及全球贸易紧张局势缓解的迹象。

Frankfurt’s DAX advanced 0.7% on Friday, breaking above 23,500 to reach a new all-time high, extending Thursday’s gains and aligning with broader global market momentum. The advance was driven by the finalized US-UK trade agreement, which has strengthened expectations for progress on a broader US-EU deal. Market attention now turns to the upcoming US-China negotiations, with traders also closely watching corporate earnings. Siemens Energy, Daimler Truck, Bayer, Merck, BMW, Infineon and Brenntag led the gains, adding between 1.7% and 2.7%. Shares of Commerzbank gained ground, surging nearly 4%, after the lender posted a surprise profit growth in Q1. For the week, the index rose nearly 2%, driven by optimism surrounding Germany's economic prospects under the newly formed government and signs of easing global trade tensions.

德国10年期国债收益率攀升至2.6%，达到4月8日以来的最高水平，因为对贸易谈判的重新乐观情绪提振了对风险资产的需求。周四，美国总统唐纳德·特朗普和英国首相基尔·斯塔默宣布了一项有限的双边贸易协定。尽管该协议维持了特朗普对英国进口商品征收10%的关税，但它降低了美国对英国汽车出口的高额关税，这可能为与其他国家达成类似协议奠定基础。与此同时，华盛顿和北京之间的贸易谈判将于本周末恢复，这提高了人们对中国商品高达145%的关税可能会放松的预期。为应对不断变化的贸易动态，货币市场已将欧洲央行（ECB）的存款利率定为1.67%，高于4月中旬的1.55%以下，此前欧洲央行发出信号，可能会进一步削减借贷成本，以抵消美国关税对增长和通胀的潜在拖累。

Germany’s 10-year Bund yield climbed toward 2.6%, reaching its highest level since April 8, as renewed optimism over trade negotiations boosted demand for riskier assets. On Thursday, U.S. President Donald Trump and British Prime Minister Keir Starmer announced a limited bilateral trade agreement. While the deal maintains Trump’s 10% tariffs on British imports, it reduces steep U.S. duties on British car exports—potentially laying the groundwork for similar agreements with other nations. Meanwhile, trade talks between Washington and Beijing are set to resume this weekend, raising expectations that the steep 145% tariffs on Chinese goods may be eased. In response to evolving trade dynamics, money markets have priced in a European Central Bank (ECB) deposit rate of 1.67%, up from below 1.55% in mid-April, following signals from the ECB that it may further cut borrowing costs to counteract the potential drag of U.S. tariffs on growth and inflation.

德国10年期政府债券收益率升至2.58%的4周高点。在过去的4周里，德国10年期债券收益率上涨了0.15个基点，在过去的12个月里，它上涨了7.15个基点。

Germany 10 Year Government Bond Yield increased to a 4-week high of 2.58%. Over the past 4 weeks, Germany 10Y Bond Yield gained 0.15 basis points, and in the last 12 months, it increased 7.15 basis points.