周二，STOXX 50和STOXX 600继续在平线附近波动，此前美国PPI公布的数据高于预期，引发了人们对根深蒂固的通货膨胀的担忧，并推迟了一些降息押注。与此同时，来自欧洲的数据表明经济正在复苏，德国Zew投资者的士气令人惊讶地高涨。在企业方面，由于优步将以9.5亿美元现金收购其在台湾的大熊猫外卖业务，Delivery Hero的股价飙升近25%。拜耳公司股价因盈利不佳而波动，德国军火制造商莱茵金属公司在公布销售额和盈利低于预期后下跌近4%。赛诺菲（-2.2%）和安盛（-1.6%）表现最差，诺基亚（5.3%）、法国兴业银行（4.3%）和大众汽车（2.9%）表现出色。

Both the STOXX 50 and the STOXX 600 continued to swing around the flatline on Tuesday, after a hotter-than-expected PPI print for the US raised concerns about entrenched inflation and pushed back some rate cut bets. Meanwhile, data out of Europe indicates an economic recovery with the Zew investor morale for Germany surprising on the upside. On the corporate front, shares of Delivery Hero soared almost 25% as Uber will acquire its foodpanda delivery business in Taiwan for $950 million in cash. Shares of Bayer swung amid an earnings beat and German arms maker Rheinmetall was down almost 4% after posting sales and earnings below forecasts. Sanofi (-2.2%) and AXA (-1.6%) were among the worst performers while Nokia (5.3%), Societe Generale (4.3%), and VW (2.9%) outperformed.

欧元继续上涨，超过1.080美元，为五周来的最高水平，投资者调整了对主要央行降息的预期。欧洲央行预计将在6月6日即将召开的会议上降息，市场预测显示，今年可能会降息约70个基点。相比之下，在最新数据显示4月份生产者价格涨幅远超预期后，预计美联储要到9月或11月才会降低借贷成本。投资者现在急切地等待美国消费者价格指数报告以及周三公布的欧元区第一季度GDP和就业数据。

The Euro continued to rise, surpassing $1.080, its highest level in five weeks, as investors adjusted their expectations for interest rate cuts by major central banks. The European Central Bank is expected to cut rates during its upcoming meeting on June 6, with market forecasts suggesting a potential decrease of approximately 70 basis points over the year. In contrast, the Federal Reserve is not anticipated to lower the borrowing cost until September or November after the latest data showed producer prices rose much more than expected in April. Investors are now eagerly awaiting the release of the US consumer price index report, as well as the first-quarter GDP and employment data for the Euro Area on Wednesday.

2024年5月，欧元区ZEW经济情绪指数上涨3.1点，至47点，为2022年2月以来的最高值，高于市场预期的46.1点。自2月份以来，该指数一直呈上升趋势。5月份，52.2%的受访分析师预计经济活动会有所改善，42.6%的分析师预计不会发生变化，5.2%的分析师预计经济会恶化。与此同时，当前经济形势指标上升10.2点，至-38.6，通胀预期上升3.5点，至-45.6。

The ZEW Indicator of Economic Sentiment for the Euro Area rose by 3.1 points to 47 in May 2024, the highest since February 2022 and above market expectations of 46.1. This upward trend in the index has persisted since February. In May, 52.2 percent of the surveyed analysts expected an improvement in economic activity, 42.6 percent expected no changes and 5.2 percent anticipated a deterioration. Concurrently, the indicator of the current economic situation rose by 10.2 points to -38.6 and inflation expectations went up by 3.5 points to -45.6.

STOXX 50和STOXX 600在前一天表现平平后，周二几乎没有变化，交易员们继续等待美国的关键通胀报告，这将有助于澄清美联储何时可以开始降息。投资者还关注盈利报告和企业新闻。优步将以9.5亿美元现金收购其在台湾的大熊猫外卖业务，Delivery Hero的股价飙升超过20%。另一方面，拜耳公司尽管盈利不佳，但仍下跌1.4%，德国军火制造商莱茵金属公司在公布销售额和盈利低于预期后下跌近6%。

Both the STOXX 50 and the STOXX 600 were little changed on Tuesday, following a lackluster session the day before, as traders continue to await key inflation reports for the US which will help to clarify when the Fed could start lowering interest rates. Investors are also focused on earnings reports and corporate news. Shares of Delivery Hero soared more than 20% as Uber will acquire its foodpanda delivery business in Taiwan for $950 million in cash. On the other hand, Bayer lost 1.4% despite an earnings beat and German arms maker Rheinmetall was down almost 6% after posting sales and earnings below forecasts.