富时MIB指数周二下跌1.3%，收于42504点，权重银行大幅下跌。在企业方面，Banca Monte dei Paschi di Siena（-2.9%）完成了股票互换，收购了Mediobanca 62.3%的股份（-2.3%），并成为Assicurazioni Generali的最大股东（-2.2%），持有13.2%的股份。市场预计，在劳动力市场出现新的疲软迹象后，美国货币政策将放松。在意大利，Istat报告了修订后的CPI数据，8月份通胀放缓至1.6%，主要原因是能源价格大幅下跌（-4.8%对7月份的-3.4%），而食品通胀从3.7%微升至3.8%。欧元区7月份工业生产增长0.3%，高于6月份下降0.6%后的0.2%的预测。

The FTSE MIB fell 1.3% to close at 42,504 on Tuesday amid sharp losses for heavyweight banks. On the corporate front, Banca Monte dei Paschi di Siena (-2.9%) completed its share swap, acquiring 62.3% of Mediobanca (-2.3%) and becoming the top shareholder in Assicurazioni Generali (-2.2%) with a 13.2% stake. Markets anticipate US monetary policy easing after fresh signs of labor market weakness. In Italy, Istat reported revised CPI data, inflation slowed to 1.6% in August, led by a sharper drop in energy prices (-4.8% vs -3.4% in July), while food inflation edged up to 3.8% from 3.7%. Eurozone industrial production rose 0.3% in July, beating forecasts of 0.2% after a 0.6% fall in June.

在米兰，富时MIB指数周二下跌549点，跌幅1.28%。Leonardo SpA（-3.13%）、Moncler（-2.98%）和Banca Monte dei Paschi di Siena（-2.87%）领跌。

In Milan, the FTSE MIB Index decreased 549 points or 1.28 percent on Tuesday. Losses were driven by Leonardo SpA (-3.13%), Moncler (-2.98%) and Banca Monte dei Paschi di Siena (-2.87%).

周二，意大利10年期政府债券收益率微升至3.52%，与欧洲同行一致，因为投资者消化了德国和欧元区强于预期的情绪数据，同时为全球货币政策的关键一周做准备。人们普遍预计，美联储周三将降息至少25个基点，市场关注最新的经济预测和主席杰罗姆·鲍威尔的新闻发布会，以获取年底政策路径的信号。政策制定者面临着权衡劳动力市场降温与关税驱动的通货膨胀的挑战，而对美联储独立性的持续担忧增加了不确定性。在其他地方，预计英格兰银行和日本银行都将保持利率不变。在欧洲，欧洲央行上周表示其降息周期可能已经结束，行长克里斯蒂娜·拉加德指出，增长风险似乎“更加平衡”

Italy’s 10-year government bond yield edged up to 3.52% on Tuesday, moving in line with European peers as investors digested stronger-than-expected sentiment data from Germany and the Eurozone while preparing for a pivotal week in global monetary policy. The US Federal Reserve is widely expected to cut rates by at least 25 basis points on Wednesday, with markets focused on updated economic projections and Chair Jerome Powell’s press conference for signals on the policy path into year-end. Policymakers face the challenge of weighing a cooling labor market against tariff-driven inflation, while lingering concerns about the Fed’s independence add uncertainty. Elsewhere, the Bank of England and the Bank of Japan are both expected to keep rates unchanged. In Europe, the ECB last week signaled its rate-cutting cycle may be over, with President Christine Lagarde noting that growth risks appear “more balanced.”

意大利的年度消费者价格通胀率从上个月的1.7%降至2025年8月的1.6%，这证实了初步估计，并标志着自5月以来的最低水平。放缓的主要原因是受监管的能源商品（12.9%对7月的17.1%）和非受监管的能源商品（-6.3%对-5.2%）的价格增长放缓，同时通信服务（0.2%对0.5%）和加工食品（2.7%对2.8%）的涨幅减弱。相比之下，未加工食品（5.6%对5.1%）、娱乐、文化和个人护理服务（3%对2.7%）以及交通服务（3.5%对3.3%）的通货膨胀率有所上升。不包括能源和新鲜食品在内的核心通胀率从2%微升至2.1%。按月计算，消费者价格指数上涨0.1%，较7月份0.4%的涨幅有所回落。由于夏季销售，欧盟统一CPI环比下降0.2%，而年通胀率从1.7%降至1.6%。

The annual consumer price inflation in Italy eased to 1.6% in August 2025 from 1.7% in the prior month, confirming preliminary estimates and marking the lowest since May. The slowdown was mainly driven by softer price growth for regulated energy goods (12.9% vs 17.1% in July) and non-regulated energy goods (-6.3% vs -5.2%), alongside weaker gains in communication services (0.2% vs 0.5%) and processed food (2.7% vs 2.8%). In contrast, inflation accelerated for unprocessed food (5.6% vs 5.1%), recreational, cultural, and personal care services (3% vs 2.7%), and transportation services (3.5% vs 3.3%). Core inflation, excluding energy and fresh food, edged up to 2.1% from 2%. On a monthly basis, consumer prices increased 0.1%, easing from a 0.4% gain in July. The EU-harmonized CPI fell 0.2% month-on-month due to summer sales, while annual inflation slowed to 1.6% from 1.7%.