4月份，HCOB欧元区服务业采购经理人指数增至53.3，这是近一年来最强劲的增长，超过了最初预计的52.9，高于3月份的51.5。需求增加是产出增加的主要因素，新业务量以去年5月以来的最快速度增长。销售额的激增导致积压工作十个月来首次增加，然而，这种积累只是微不足道的。随着新业务和产能限制的增加，就业加速增长，达到了自2023年年中以来的最高水平。尽管商业信心从最近的峰值略有下降，但总体上保持强劲，并与历史平均水平保持一致。欧元区服务业的价格压力略有增加，投入成本从3月份的八个月低点略有上升。产出费用也略有上升。

The HCOB Eurozone Services PMI increased to 53.3 in April, marking the strongest growth in nearly a year, surpassing the initial estimate of 52.9 and up from 51.5 in March. Increased demand was a primary factor in the higher output, with new business volumes expanding at the fastest rate since May of the previous year. This surge in sales resulted in an uptick in backlogs of work for the first time in ten months, however, the accumulation was only marginal. With rising new business and capacity constraints, employment grew at an accelerated pace, reaching levels not seen since mid-2023. Although business confidence dipped slightly from its recent peak, it remained strong overall and aligned with historical averages. Price pressures in the eurozone services sector increased mildly, with input costs rising slightly from an eight-month low in March. Output charges also saw a modest uptick.

欧洲股市周一小幅走高，STOXX 50和STOXX 600指数均上涨约0.1%，追随中国市场的涨势，在就业数据低于预期后，美联储将很快降息的押注再次出现。此外，欧洲央行首席经济学家Philip Lane在接受西班牙一家报纸采访时表示，最近的数据使他更加确信通胀率正在回到2%的目标，这增加了欧洲央行6月首次降息的可能性。与此同时，欧洲PMI数据继续显示，上月服务业和私营部门活动均有所改善。能源板块是表现最好的板块之一，追随油价走高。在企业方面，西班牙Indra在公布第一季度利润增长40%后上涨了10%以上，沃尔沃在4月份销售额增长后也上涨了近1%。相比之下，荷兰PostNL在亏损超过预期后下跌了3%以上。

Stocks in Europe were slightly higher on Monday, with both the STOXX 50 and the STOXX 600 adding about 0.1%, tracking gains in Chinese markets, amid reviving bets the Fed will soon cut interest rates after softer-than-expected jobs data. Also, ECB Chief Economist Philip Lane said during an interview with a Spanish newspaper that recent data have made him more certain that inflation is returning to the 2% goal, raising the likelihood a first interest-rate cut by the ECB in June. Meanwhile, PMI data in Europe continued to show an improvement in both services and private sector activity last month. The energy sector was among the top performers, tracking oil prices higher. On the corporate front, Spanish Indra jumped more than 10% after reporting a 40% rise in Q1 profit and Volvo also gained almost 1% after booking a sales rise in April. In contrast, Dutch PostNL lost more than 3% after a bigger-than-expected loss.

欧洲股市周一开盘走高，延续了全球股市的涨势，因为疲软于预期的美国就业数据重新唤起了人们对美联储将很快开始降息的希望。在欧洲，投资者将评估3月份欧元区生产者通胀数据以及4月份整个地区的最终综合和服务业PMI数据。与此同时，周一没有发布重大财报。欧洲斯托克50指数期货在盘前交易中上涨0.2%。

European equity markets were set for a higher open on Monday, extending a global stock rally as softer-than-expected US jobs data revived hopes that the Federal Reserve will start cutting interest rates soon. In Europe, investors will assess Eurozone producer inflation data for March and final composite and services PMI figures for April from across the region. Meanwhile, there are no major earnings releases on Monday. Euro Stoxx 50 futures rose 0.2% in premarket trade.

欧洲股市周五收盘走高，追随对美股的高需求，此前美国就业报告冷淡，增加了美联储今年不止一次降息的预期。斯托克50指数上涨0.5%，收于4919点，斯托克600指数上涨0.4%，收于505点。对利率敏感的奢侈品和汽车行业推高了该指数，路威酩轩和爱马仕上涨2%，而梅赛德斯、Stellantis和大众汽车上涨1%至2%。此外，ASML上涨3%，受益于苹果的乐观业绩，并锁定了欧元区最大市值的强劲表现。另一方面，联合圣保罗银行以3%的暴跌领跌，尽管收入大幅超出预期，但投资者对该公司的前景缺乏积极惊喜感到失望。尽管如此，斯托克50指数本周收盘下跌1.8%，受前几个交易日公布的一系列悲观业绩对汽车巨头和银行的损失影响。斯托克600指数下跌0.5%。

European equities closed firmly higher on Friday, tracking high demand for US stocks after a cold US jobs report increased expectations of more than one rate cut by the Fed this year. The Stoxx 50 added 0.5% to close at 4,919, and the Stoxx 600 added 0.4% to 505. The rate-sensitive luxury and auto sectors pushed the index higher with LVMH and Hermes adding 2%, while Mercedes, Stellantis, and Volkswagen added between 1% and 2%. Additionally, ASML advanced 3%, benefitting from optimistic results for Apple and locking in strong performances for the largest market capitalizations in the currency bloc. On the other hand, Intesa Sanpaolo led the losses with a 3% plunge as investors were underwhelmed by the lack of positive surprise in the company’s outlook, despite sharply beating income estimates. Still, the Stoxx 50 closed the week 1.8% lower, pressured by losses for auto giants and banks amid a batch of pessimistic results released in prior sessions. The Stoxx 600 fell a softer 0.5%.