在米兰，富时MIB指数周五上涨297点，涨幅0.69%。STMicroelectronics（4.38%）、Banca Generali（3.55%）和Azimut Holding（2.97%）领涨。跌幅最大的是Finecobank（-0.31%）、Italgas（-0.26%）和Enel（-0.18%）。

In Milan, the FTSE MIB Index gained 297 points or 0.69 percent on Friday. Gains were led by STMicroelectronics (4.38%), Banca Generali (3.55%) and Azimut Holding (2.97%). Biggest losers were Finecobank (-0.31%), Italgas (-0.26%) and Enel (-0.18%).

富时MIB指数上涨0.7%，收于43310点，再次创下18年来的新高，这得益于美联储主席杰罗姆·鲍威尔在9月份表示，由于美国劳动力状况疲软，可能会降息，这通常会缓解全球金融市场。在意大利，Mediobanca首席执行官Alberto Nagel失去了股东投票，阻止了他对Banca Generali的收购（-0.1%），为Banca Monte dei Paschi di Siena（+2.1%）留下了机会。在该指数中，意法半导体（+4.7%）领涨，紧随其后的是Stellantis（+4.2%）、Azimut（+3%）和Prysmian（+2.6%），而Terna和Finecobank均下跌0.3%。

The FTSE MIB rose 0.7% to close at 43,310, renewing a 18-year high, boosted by optimism after US Federal Reserve Chair Jerome Powell signaled a possible rate cut in September amid softening US labor conditions, which typically eases global financial markets. In Italy, the Mediobanca CEO Alberto Nagel lost a shareholder vote blocking his bid for Banca Generali (-0.1%), leaving the way open for Banca Monte dei Paschi di Siena (+2.1%). On the index, STMicroelectronics (+4.7%) led gains, followed by Stellantis (+4.2%), Azimut (+3%), and Prysmian (+2.6%), while Terna and Finecobank both slipped 0.3%.

美联储主席鲍威尔在杰克逊霍尔的讲话中为近期降息敞开大门后，意大利10年期债券收益率小幅降至3.596%左右，与其他欧洲同行持平。他指出，尽管关税的影响导致通胀风险持续存在，但经济增长已经放缓，劳动力市场似乎比以前认为的要弱。欧洲央行在八次降息后于7月结束了降息周期，但市场仍认为今年再次降息的可能性为45%，预计9月将暂停。与此同时，欧元区正在出现复苏的初步迹象，这反映在综合PMI为51.1的15个月高点以及自2022年6月以来的首次制造业扩张上。

Italy’s 10-year bond yield edged down to around 3.596%, in line with other European peers, after Fed Chair Powell opened the door to rate cuts in the near future in his Jackson Hole remarks. He noted that growth has moderated and the labor market appears weaker than previously believed, even as inflation risks persist due to the impact of tariffs. The ECB wrapped up its rate-cut cycle in July after eight cuts, but markets still see a 45% chance of another cut this year, with September expected to be a pause. Meanwhile, tentative signs of recovery are emerging in the Eurozone, reflected in a 15-month high in the composite PMI at 51.1 and the first manufacturing expansion since June 2022.

周五，富时MIB指数跌至42930点左右，继续在接近多年高点的横盘区间内交易，因为投资者在美联储主席杰罗姆·鲍威尔在杰克逊霍尔会议上发表演讲之前保持谨慎。市场正在寻求对美国利率路径的更明确指导，有猜测称，在美联储官员发表谨慎言论后，鲍威尔可能会降低对即将降息的预期。与此同时，欧盟敦促华盛顿根据新达成的贸易协议降低关键行业的关税，推动降低汽车出口关税，并为葡萄酒和烈酒提供优惠待遇。在整个交易所，排名靠后的包括Stellantis（-1.6%）、Finecobank（-0.8%）、Banco BPM（-0.6%）和Unipol Gruppo（-0.5%）。本周，基准指数将连续第三周上涨。

The FTSE MIB fell to around 42,930 on Friday, continuing to trade within a sideways range near multi-year highs as investors exercised caution ahead of Fed Chair Jerome Powell’s speech at the Jackson Hole gathering. Markets are seeking clearer guidance on the path of US interest rates, with speculation that Powell may temper expectations for an imminent rate cut following cautious remarks from Fed officials. Meanwhile, the EU is urging Washington to scale back tariffs in key sectors under a newly concluded trade deal, pushing for lower duties on car exports and preferential treatment for wine and spirits. Across the bourse, top laggards included Stellantis (-1.6%), Finecobank (-0.8%), Banco BPM (-0.6%), and Unipol Gruppo (-0.5%). For the week, the benchmark index is set for a third consecutive weekly advance.