在法兰克福，DAX指数周二上涨247点，涨幅1.03%。莱茵金属公司（3.89%）、MTU航空发动机公司（3.06%）和西门子能源公司（3.03%）领涨。

In Frankfurt, the DAX Index gained 247 points or 1.03 percent on Tuesday. Gains were led by Rheinmetall (3.89%), MTU Aero Engines AG (3.06%) and Siemens Energy (3.03%).

7月底，德国10年期国债收益率稳定在2.7%，投资者为繁忙的一周关键经济数据发布做准备。人们的注意力集中在德国7月份的通胀和失业数据，以及第二季度的GDP数据上，这些数据可能会影响欧洲央行（ECB）的政策前景。本周，随着美欧贸易协议的宣布，对欧洲央行降息的预期发生了变化。市场已将降息25个基点的可能性推迟至2026年3月，目前预计届时降息的可能性为90%。到12月降息的可能性已降至70%以下。与此同时，市场参与者也在关注美联储定于周三做出的政策决定，普遍预计在特朗普总统8月1日的关税最后期限之前，利率将保持不变。投资者还将关注周五公布的美国就业报告。

Germany’s 10-year Bund yield stabilized at 2.7% at the end of July as investors prepared for a busy week of key economic data releases. Attention is focused on German July inflation and unemployment figures, as well as second-quarter GDP numbers, which could influence the European Central Bank’s (ECB) policy outlook. Expectations for an ECB rate cut shifted this week following the announcement of the US-EU trade deal. Markets have pushed back the likelihood of a 25 basis point cut to March 2026, now pricing in a 90% chance by then. The probability of a cut by December has fallen below 70%. Meanwhile, market participants are also watching the Federal Reserve’s policy decision scheduled for Wednesday, where rates are widely expected to remain unchanged ahead of President Trump’s August 1 tariff deadline. Investors will additionally be monitoring the US jobs report due on Friday.

德国经济部长：欧盟目前处于弱势地位。美国商务部长表示，特朗普与欧盟的谈判进行了大师班，但表示随着时间的推移，欧盟将认识到他们达成了一项好协议。

German economic minister: EU is currently negotiating from a position of weakness.US Commerce Sec. said that Trump conducted a master class with his negotiations with the EU but said that over time, EU will recognize that they made a good deal.

法兰克福DAX 40指数周二上涨1%，至24200点，试图从周一的下跌中恢复过来，因为投资者将注意力从对增长放缓和美欧贸易协议失衡的担忧转移到企业盈利和美联储今天开始的为期两天的政策会议上。在企业方面，德国在线药店Redcare pharmacy公布的第二季度营业利润高于去年同期，令市场感到意外。软件提供商TeamViewer也取得了强劲的业绩，特别是在盈利能力方面。然而，半导体供应商Süss MicroTec下调了今年的利润前景，芯片制造商世创电子材料发布了对2025年的谨慎预测，称需求没有明显复苏，这抑制了市场情绪。

Frankfurt's DAX 40 index rose 1% to 24,200 points on Tuesday, attempting to recover from Monday’s losses as investors shifted their focus from concerns over slowing growth and the perceived imbalance of the US-EU trade deal to corporate earnings and the Federal Reserve’s two-day policy meeting, which begins today. On the corporate front, German online pharmacy Redcare Pharmacy surprised markets by reporting higher second-quarter operating earnings compared to the same period last year. Software provider TeamViewer also delivered strong results, particularly in terms of profitability. However, the mood was dampened by semiconductor supplier Süss MicroTec, which downgraded its profit outlook for the year, and chipmaker Siltronic, which issued a cautious forecast for 2025, citing the absence of a meaningful demand recovery.