在法兰克福，DAX指数周四下跌260点，跌幅1.12%。Zalando（-4.83%）、海德堡水泥（-2.44%）和阿迪达斯（-2.10%）领跌。

In Frankfurt, the DAX Index dropped 260 points or 1.12 percent on Thursday. Losses were led by Zalando (-4.83%), HeidelbergCement (-2.44%) and Adidas (-2.10%).

周四早盘，DAX指数下跌0.6%，至23200点以下，连续第三个交易日下跌，并创下5月初以来的最低水平，因对美国可能干预中东的猜测令投资者感到不安。以色列和伊朗之间的空袭持续了第七天，唐纳德·特朗普总统让全世界猜测美国是否会加入以色列对德黑兰的袭击。与此同时，美联储周三保持利率稳定，美联储主席杰罗姆·鲍威尔警告称，由于特朗普政府计划的关税，未来几个月通胀可能会上升。在企业方面，跌幅显著的包括Zalando（-2.5%）、Sartorius（-1.4%）、SAP（-1.4%”）、西门子能源（-1.1%）、英飞凌（-1.5%）和阿迪达斯（-1.3%）。

The DAX fell 0.6% to below 23,200 in early trading on Thursday, extending declines for a third straight session and hitting its lowest level since early May, as speculation over potential US intervention in the Middle East rattled investors. Aerial attacks between Israel and Iran continued for a seventh day as President Donald Trump kept the world guessing about whether the US would join Israel in strikes on Tehran. Meanwhile, the US Federal Reserve on Wednesday held interest rates steady, with Fed Chair Jerome Powell warning that inflation could rise in the coming months due to the Trump administration’s planned tariffs. On the corporate front, notable decliners included Zalando (-2.5%), Sartorius (-1.4%), SAP (-1.4%), Siemens Energy (-1.1%), Infineon (-1.5%), and Adidas (-1.3%).

法兰克福DAX指数下跌131点。领跌的是Zalando（-2.20%）、SAP（-1.39%）和Sartorius（-1.36%）。涨幅最大的是MTU航空发动机公司（0.92%）、德国电信（0.76%）和莱茵金属公司（0.44%）。

In Frankfurt, the DAX Index is dropping 131 points. Leading the losses are Zalando (-2.20%), SAP (-1.39%) and Sartorius (-1.36%). Top gainers were MTU Aero Engines AG (0.92%), Deutsche Telekom (0.76%) and Rheinmetall (0.44%).

德国10年期国债收益率徘徊在2.5%左右，投资者密切关注以色列和伊朗之间不断升级的紧张局势。市场对进一步升级和美国增加参与的可能性仍然感到紧张，特别是在特朗普总统要求伊朗无条件投降之后，当被问及空袭的可能性时，他回答说：“我的意思是，没有人知道我会做什么”。与此同时，正如预期的那样，美联储在6月份连续第四次会议保持联邦基金利率稳定，并重申其对今年晚些时候两次降息25个基点的预测，尽管它预测通货膨胀率会上升，经济增长会减弱。在欧元区，分析师继续预计欧洲央行9月份将降息25个基点，这将使关键存款利率降至1.75%。

Germany’s 10-year Bund yield hovered around 2.5% as investors closely monitored escalating tensions between Israel and Iran. Markets remain on edge over the potential for further escalation and increased US involvement, particularly after President Trump demanded Iran’s unconditional surrender and, when asked about the possibility of airstrikes, responded, “I mean, nobody knows what I’m going to do”. Meanwhile, the Federal Reserve held the fed funds rate steady for a fourth consecutive meeting in June, as expected, and reaffirmed its projection of two 25-basis-point cuts later this year, even as it forecast higher inflation and weaker economic growth. In the Eurozone, analysts continue to anticipate a 25-basis-point cut by the European Central Bank in September, which would bring the key deposit rate down to 1.75%.