在米兰，富时MIB指数周二上涨837点，涨幅2.39%。领涨的是Stellantis N.V.（5.61%）、Leonardo SpA（4.66%）和Banco BPM SpA（3.60%）。

In Milan, the FTSE MIB Index rose 837 points or 2.39 percent on Tuesday. Leading the gains are Stellantis N.V. (5.61%), Leonardo SpA (4.66%) and Banco BPM SPA (3.60%).

富时MIB指数周二早盘上涨0.6%，至35200点以上，标志着连续第二个交易日上涨，这得益于特朗普表示汽车行业可能暂时免征关税后的全球救济反弹。周一，特朗普表示，他正在考虑修改对外国汽车和汽车零部件征收的25%关税。然而，他的政府还通过启动贸易调查，推进了对半导体和药品进口征收关税的计划。与此同时，投资者正在等待欧洲央行周四的政策会议，市场普遍预计将降息25个基点。汽车类股领涨，Stellantis上涨5%，Iveco上涨3.1%，倍耐力上涨2.7%。国防和汽车公司Leonardo也上涨了3.3%。银行股也明显上涨。

The FTSE MIB index advanced 0.6% to above 35,200 in early trading on Tuesday, marking its second consecutive session of gains, buoyed by a global relief rally after Trump indicated a potential temporary exemption for the auto industry from tariffs. On Monday, Trump said he was considering a modification to the 25% tariffs imposed on foreign auto and auto parts. However, his administration also moved forward with plans to impose tariffs on semiconductor and pharmaceutical imports by initiating trade probes. Meanwhile, investors are awaiting the ECB’s policy meeting on Thursday, with markets widely expecting a 25bps rate cut. Automotive stocks led the gains, with Stellantis jumping 5%, Iveco up 3.1%, and Pirelli rising 2.7%. Defense and automotive firm Leonardo also added 3.3%. Banks were among the notable gainers as well.

在米兰，富时MIB指数周一上涨979点，涨幅2.88%。Banco BPM SPA（5.19%）、Unipol Gruppo（5.10%）和意大利电信（4.96%）领涨。

In Milan, the FTSE MIB Index gained 979 points or 2.88 percent on Monday. Gains were led by Banco BPM SPA (5.19%), Unipol Gruppo (5.10%) and Telecom Italia (4.96%).

意大利10年期政府债券收益率跌至3.7%，反映了美国国债收益率的下降，触及3月4日以来的最低水平，因为投资者追踪了持续的全球贸易紧张局势，并展望了欧洲央行周四的利率决定。标准普尔将意大利的长期信用评级从BBB上调至BBB+，增强了投资者信心，进一步支撑了这一下跌。上周末，美国总统特朗普批准了对从中国进口的智能手机和电脑的临时关税豁免，同时暗示本周晚些时候可能会对半导体征收新的关税。关于电话关税的最终决定仍在等待中。在货币方面，人们普遍预计欧洲央行将降息25个基点。投资者将密切关注央行的指引，以了解政策制定者如何评估贸易紧张局势带来的经济风险以及欧元区未来利率的可能路径。

Italy’s 10-year government bond yield fell toward 3.7%, mirroring a decline in U.S. Treasury yields and touching its lowest level since March 4, as investors tracked ongoing global trade tensions and looked ahead to the European Central Bank’s interest rate decision on Thursday. The drop was further supported by S&P’s upgrade of Italy’s long-term credit rating to BBB+ from BBB, bolstering investor confidence. Over the weekend, U.S. President Trump granted temporary tariff exemptions for smartphones and computers imported from China, while hinting that new levies on semiconductors could be introduced later this week. A final decision on phone tariffs is still pending. On the monetary front, the ECB is widely expected to deliver a 25 basis point rate cut. Investors will be closely watching the central bank’s guidance for clues on how policymakers assess the economic risks posed by trade tensions and the likely path of future interest rates in the Eurozone.