欧元/捷克克朗 (EURCZK) 加自选

德国10年期债券收益率降至2.55%，进一步远离4月25日触及的五个月高点2.6455%，因为投资者在欧洲各地公布通胀和GDP数据以及美联储最新政策决定后评估了全球货币政策前景。最近的数据显示，欧元区通胀率稳定，第一季度GDP增长略强于预期，这支持了欧洲央行将在即将到来的6月会议上下调关键利率的观点。预计欧洲央行政策制定者还将在12月前进一步降息，今年的货币宽松政策将达到70个基点。在美国，美联储连续第六次保持利率不变，并表示将在比之前预期更长的时间内保持当前利率不变。尽管如此，美联储主席鲍威尔指出，尽管最近的CPI数据令人失望，但加息并未出现。

The German 10-year bond yield dropped to 2.55%, moving further away from a five-month high of 2.6455% touched on April 25th, as investors assessed the global monetary policy outlook following the release of inflation and GDP readings from across Europe, as well as the latest Federal Reserve's policy decision. Recent data revealing a steady inflation rate in the Eurozone and slightly stronger-than-expected GDP growth in the first quarter supported the view that the European Central Bank will cut its key interest rates in its upcoming June meeting. ECB policymakers are also expected to deliver additional rate cuts by December, totaling 70 bps in monetary easing this year. In the US, the Federal Reserve held interest rates unchanged for a sixth consecutive time and signaled it will maintain them at the current stance for longer than previously expected. Still, Fed Chair Powell noted that rate hikes were not on the table despite the recent disappointing CPI readings.

周四，CAC 40指数下跌0.8%，至7918点左右，为2月以来的最低水平。此前，周中假期消化了美联储最近的政策决定和一批企业盈利报告。美国央行保持利率不变，并表示由于最近令人失望的通胀数据，任何降息都可能推迟。然而，主席鲍威尔排除了加息的可能性，声称目前的政策立场具有足够的限制性，足以将通胀率引导回到目标水平。在经济新闻方面，法国4月制造业采购经理人指数降至45.3，较初步数据44.9略有上升，创下1月以来的最快降幅。在个股中，Technip Energies下跌2.4%，尽管第一季度订单高于预期。紧随其后的是TotalEnergies，下跌2.7%。欧莱雅（-0.9%）、空中客车公司（-0.8%）、施耐德电气（-1%）和赛诺菲（-1.6%）也出现了亏损。

The CAC 40 dropped 0.8% to around 7,918 on Thursday, trading at its lowest level since February, following the midweek holiday to digest the US Federal Reserve's recent policy decision alongside a batch of corporate earnings reports. The US central bank kept its interest rates unchanged and suggested that any rate reductions might be delayed amid recent disappointing inflation figures. However, Chair Powell ruled out a possible rate hike, asserting that the current policy stance is restrictive enough to guide inflation back to the target level. In economic news, France’s manufacturing PMI fell to 45.3 in April, revising slightly up from the preliminary reading of 44.9, marking the fastest decline since January. Among individual stocks, Technip Energies declined 2.4%, despite reporting higher than expected first-quarter orders. Tracking closely was TotalEnergies, falling 2.7%. Losses were also seen from L’Oréal (-0.9%), Airbus SE (-0.8%), Schneider Electric (-1%), and Sanofi (-1.6%).

周四，富时MIB指数上涨0.4%，徘徊在34000点附近，投资者在周中休息后恢复交易，并收到了一系列重要的盈利报告和美联储主席杰罗姆·鲍威尔的保证，他否认了加息以应对通胀的可能性。在企业方面，联合信贷（Unicredit）和联合圣保罗银行（Intesa Sanpaolo）等主要贷款机构大幅上涨，涨幅均在1%左右。公用事业类股，尤其是Enel，也表现良好，涨幅达1.5%。相反，汽车巨头Stellantis跌幅居前，跌幅超过3%，原因是Mediobanca分析师下调了建议。

The FTSE MIB added 0.4% to hover around the 34,000 threshold on Thursday, as investors resumed trading after a mid-week break, and were met with a wave of significant earnings reports and reassurances from Federal Reserve Chairman Jerome Powell, who dismissed the possibility of raising interest rates to tackle inflation. On the corporate front, notable gains were seen in major lenders like Unicredit and Intesa Sanpaolo, both climbing around 1%. Utility stocks, particularly Enel, also performed well, posting a 1.5% increase. Conversely, automotive giant Stellantis emerged as top decliner, experiencing a decline of over 3%, attributed to a downgrade in recommendation by analysts at Mediobanca.

法兰克福DAX指数周四小幅上涨，达到17970点，投资者在劳动节假期后恢复活动，以消化美联储的最新政策决定和大量企业更新。周三，美联储将利率保持在创纪录的水平，这表明由于最近令人失望的通胀数据，借贷成本将长期上升，但主席鲍威尔明确排除了任何加息的可能性，声称目前的政策立场具有足够的限制性，可以引导通胀回到目标。在企业发展方面，在华盛顿州上诉法院决定推翻针对其孟山都公司西雅图地区一所学校化学污染的1.85亿美元判决后，拜耳公司股价飙升4.8%。此外，尽管Hugo Boss公布的第一季度营业利润超出预期，但仍亏损2%。

Frankfurt’s DAX index edged slightly higher to reach 17,970 points Thursday, as investors resumed activity following the Labor Day holiday to digest the Federal Reserve's latest policy decision and a plethora of corporate updates. On Wednesday, the Federal Reserve kept interest rates at record levels, signaling a prolonged period of elevated borrowing costs due to recent disappointing inflation data, yet Chair Powell explicitly ruled out any talk of rate hikes, asserting that the present policy stance is adequately restrictive to guide inflation back toward its target. In corporate developments, shares of Bayer soared by 4.8% following a Washington state appeals court's decision to overturn a $185 million verdict against its Monsanto unit regarding chemical contamination at a Seattle-area school. Additionally, Hugo Boss lost 2% despite reporting Q1 operating profits that surpassed expectations.