德国11月服务业采购经理人指数（PMI）终值为49.3，而前值为49.4。最终服务业采购经理人指数为49.3，而预期为49.4，之前为51.6。

Germany November final services PMI 49.3 vs 49.4 prelim.Final Services PMI 49.3 vs. 49.4 expected and 51.6 prior.

德国DAX指数周二首次收于20000点以上，标志着连续第四个交易日上涨，并追随欧洲市场整体走强。主要贡献者包括西门子和空客，各上涨1%，SAP上涨0.8%，安联上涨0.4%。德意志银行、阿迪达斯和Zalando的涨幅超过2%。然而，汽车股表现不佳，梅赛德斯-奔驰下跌超过2%，保时捷下跌1%，大众汽车也下跌。与此同时，投资者密切关注法国的政治发展，法国总理米歇尔·巴尼耶绕过议会通过了一项有争议的预算，引发了预计于周三举行的不信任投票。

Germany’s DAX closed above 20,000 for the first time on Tuesday, marking its fourth consecutive session of gains and following broader European market strength. Key contributors included Siemens and Airbus, up 1% each, with SAP rising 0.8% and Allianz adding 0.4%. Deutsche Bank, Adidas, and Zalando saw gains exceeding 2%. However, auto stocks lagged, with Mercedes-Benz down over 2%, Porsche falling 1%, and VW also slipping. Meanwhile, investors closely watched political developments in France, where Prime Minister Michel Barnier bypassed parliament to pass a controversial budget, spurring a no-confidence vote expected on Wednesday.

周二，DAX指数上涨0.4%，创下20015年的新高，延续了前一交易日的涨幅，并追随欧洲同行走高。事实证明，拜登政府对美国对华技术出口的新限制没有最初预期的那么严厉，为投资者提供了一些缓解。英飞凌上涨超过1.3%。此外，德意志银行表现最佳，飙升2.4%。另一方面，Sartorius（-2.2%）、Vonovia（-1.2%）和西门子能源（-1.2%。

The DAX added 0.4% to trade at a fresh record level of 20015 on Tuesday, extending gains from the previous session, and tracking its European peers higher. New US restrictions on tech exports to China under the Biden administration proved less severe than initially anticipated, offering investors some relief. Infineon as up more than 1.3%. Also, Deutsche Bank was the top performer and soared 2.4%. On the other hand, Sartorius (-2.2%), Vonovia (-1.2%) and Siemens Energy (-1.2%) booked the biggest losses.

在法兰克福，DAX指数周一上涨307点，涨幅1.57%。阿迪达斯（3.72%）、费森尤斯医疗（3.63%）和慕尼黑再保险（2.89%）领涨。

In Frankfurt, the DAX Index gained 307 points or 1.57 percent on Monday. Gains were led by Adidas (3.72%), Fresenius Medical Care (3.63%) and Munich RE (2.89%).