意大利10年期英国国债收益率跃升至3.65%，触及4月16日以来的最高水平，因对全球贸易谈判的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（Donald Trump）和英国首相凯尔·斯塔默（Keir Starmer）宣布了一项有限的贸易协议，该协议将维持美国对英国进口产品10%的关税，同时放宽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开创先例。与此同时，美中贸易谈判定于本周末恢复，这加剧了人们对目前对中国商品征收的145%关税可能会降低的预期。作为回应，货币市场已将欧洲央行存款利率从4月中旬的1.55%以下上调至1.67%，因为欧洲央行表示可能会进一步降低借贷成本，以减轻美国关税对增长和通胀的潜在拖累。

The yield on Italy’s 10-year BTP jumped to 3.65%, touching its highest level since April 16, as optimism over global trade negotiations lifted demand for risk assets. On Thursday, U.S. President Donald Trump and U.K. Prime Minister Keir Starmer announced a limited trade agreement that maintains a 10% U.S. tariff on British imports while easing steep duties on British car exports—potentially setting a precedent for similar accords with other nations. Meanwhile, U.S.-China trade talks are slated to resume this weekend, fueling expectations that the current 145% tariffs on Chinese goods may be scaled back. In response, money markets have priced in a higher European Central Bank deposit rate of 1.67%, up from below 1.55% in mid-April, as the ECB signaled it may cut borrowing costs further to mitigate the potential drag of U.S. tariffs on growth and inflation.

继2月份下降0.9%之后，意大利工业生产在2025年3月环比小幅增长0.1%，尽管低于市场预期的0.5%的增长。这一增长是由资本货物（+2.2%）和中间产品（+1.1%）的产出增加推动的。然而，消费品（-1.3%）和能源（-1.9%）的产量下降。按年度计算，3月份工业产出下降了1.8%，较上月修正后的2.6%有所缓解。

Industrial production in Italy edged up by 0.1% month-over-month in March 2025, following a 0.9% drop in February, although missing market expectations of a 0.5% rise. The uptick was driven by higher output for capital goods (+2.2%) and intermediate goods (+1.1%). However, production fell for consumer goods (-1.3%) and energy (-1.9%). On a yearly basis, industrial output dropped by 1.8% in March, easing from a revised 2.6% decline in the previous month.

富时MIB指数周五上涨超过1%，至39350点以上，达到六周多来的最高水平，有望连续第四周上涨。对美英贸易协定前景的乐观情绪推动了这一进展，这也提振了对美欧贸易谈判取得进展的希望。与此同时，交易员继续关注企业盈利，而注意力转向了周末即将到来的美中谈判。该指数表现最佳的包括Enel（+2%）、意法半导体（+2.5%）、Bper Banca（+2.4%）、埃尼集团（+1.6%）和泰纳瑞斯（+1.6%.）。

The FTSE MIB climbed more than 1% to above 39,350 on Friday, reaching its highest level in over six weeks and on track to log its fourth consecutive weekly gain. The advance was fueled by optimism over the prospects of a US-UK trade agreement, which also boosted hopes for progress in US-EU trade talks. Meanwhile, traders continued to monitor corporate earnings, while attention shifted to the upcoming US-China negotiations over the weekend. Top performers on the index included Enel (+2%), STMicroelectronics (+2.5%), Bper Banca (+2.4%), Eni (+1.6%), and Tenaris (+1.6%).

意大利3月份工业产出年环比从之前的-2.7%攀升至-1.8%。意大利3月份工业产出年环比从之前的-2.7%攀升至-1.8%

Italy Industrial Output w.d.a (YoY) climbed from previous -2.7% to -1.8% in March.Italy Industrial Output w.d.a (YoY) climbed from previous -2.7% to -1.8% in March