在法兰克福，DAX指数周一上涨408点，涨幅1.73%。德国商业银行（6.73%）、西门子能源（4.49%）和德意志银行（4.21%）领涨。

In Frankfurt, the DAX Index rose 408 points or 1.73 percent on Monday. Leading the gains are Commerzbank (6.73%), Siemens Energy (4.49%) and Deutsche Bank (4.21%).

德国10年期国债收益率攀升至2.68%，为10月9日以来的最高水平，人们乐观地认为，在美国参议院最近提出一项重新开放联邦机构的措施后，美国政府关门可能很快就会结束。与此同时，投资者考虑了对德国国内经济前景的持续担忧，以及央行对货币政策未来的混合信号。最近的数据显示，德国工业产出低于预期，而德国央行警告称，金融稳定风险正在上升。欧洲央行副行长德金多斯在周一的一次采访中表示，目前的政策利率是适当的，并强调欧洲央行需要保持“非常谨慎和谨慎”。货币市场目前认为，到2026年9月，欧洲央行降息25个基点的可能性约为40%。在大西洋彼岸，在美国数据显示10月份失业、消费者信心急剧下降和裁员达到20年来的最高点后，对12月份美联储降息的预期增强。

Germany’s 10-year Bund yield climbed to 2.68%, its highest level since October 9, amid optimism that the US government shutdown may soon end after the US Senate recently advanced a measure to reopen federal agencies. At the same time, investors considered ongoing concerns about Germany’s domestic economic outlook alongside mixed signals from central banks on the future of monetary policy. Recent data showed weaker-than-expected German industrial output, while the Bundesbank warned of rising financial stability risks. ECB Vice President de Guindos said in a Monday interview that policy rates are currently appropriate and emphasized the need for the ECB to remain “very prudent and cautious.” Money markets currently assign about a 40% probability of a 25bp ECB rate cut by September 2026. Across the Atlantic, expectations for a December Fed rate cut strengthened after US data showed October job losses, a sharp decline in consumer sentiment, and layoffs reaching a 20-year high.

德国DAX指数周一上涨超过1%，突破23900点，从前一交易日的六周低点反弹。在国会达成协议结束美国政府停摆后，全球市场恢复了乐观情绪。美国政府停摆始于10月1日，是美国历史上持续时间最长的一次。与此同时，投资者一直在关注公司的最新消息和收益。西门子能源领涨，在杰富瑞将股票从“持有”上调至“买入”后，涨幅超过4%。德国商业银行也是表现最好的银行之一，在德意志银行上调至“买进”后，受净利息收入加速增长的预期推动，上涨了近4%。Hannover Rück股价上涨约2.7%，此前该再保险公司公布第三季度净收入高于市场共识，并上调了2025年全年预期。

Germany's DAX rose more than 1% to surpass 23,900 on Monday, rebounding from over six-week lows in the prior session. Optimism returned to global markets after Congress struck a deal to end the US government shutdown, which began on October 1 and became the longest in American history. Meanwhile, investors kept an eye on corporate updates and earnings. Siemens Energy led gains, rising more than 4% after Jefferies upgraded the stock from “hold” to “buy.” Commerzbank was also among the top performers, climbing nearly 4% following a Deutsche Bank upgrade to “buy,” driven by expectations of accelerating net interest income growth. Hannover Rück added around 2.7% after the reinsurer reported Q3 net income above market consensus and raised its full-year 2025 guidance.

在法兰克福，DAX指数周一上涨305点，涨幅1.29%。涨幅最大的是西门子能源（4.47%）、德国商业银行（3.55%）和莱茵金属（3.35%）。

In Frankfurt, the DAX Index is up by 305 points or 1.29 percent on Monday. Top gainers are Siemens Energy (4.47%), Commerzbank (3.55%) and Rheinmetall (3.35%).