法兰克福DAX 40指数下跌0.1%，至18140点，投资者消化了德国CPI数据的喜忧参半的报告，同时将注意力转向周二公布的整个欧盟的总体数据，寻求对欧洲央行今年可能降息的时间的进一步了解。欧洲最大经济体德国4月份的通货膨胀率保持在2.2%不变，保持2021年5月以来的最低水平，低于市场普遍认为的2.3%。然而，欧盟统一汇率小幅上升至2.4%，超过了2.3%的预测。在企业方面，德意志银行宣布了一项与收购邮政银行诉讼有关的法律条款，预计这将影响其第二季度和全年的盈利能力，德意志银行股价暴跌超过6%。保时捷的股价也下跌了3%，此前该公司公布第一季度营业利润下降了30%。

Frankfurt's DAX 40 index dipped by 0.1% to reach 18,140 points as investors digested a mixed report on Germany's CPI data while turning their attention to the general reading for the entire bloc due Tuesday, seeking further insights into the timing of potential rate cuts by the European Central Bank this year. Inflation in Germany, Europe's largest economy, remained unchanged at 2.2% in April, maintaining its lowest level since May 2021 and falling below the market consensus of 2.3%. However, the EU-harmonized rate saw a slight increase to 2.4%, surpassing the forecast of 2.3%. On the corporate front, shares in Deutsche Bank plummeted by more than 6% as the German lender announced a legal provision related to litigation concerning its takeover of Postbank, expected to impact its Q2 and full-year profitability. Shares in Porsche also experienced a decline of 3% after reporting a 30% drop in Q1 operating profit.

10年期德国国债收益率略低于2.55%，从最近五个月的峰值回落，此前德国的通胀数据与周二公布的欧元区数据前的预期大致一致，投资者在美联储定于周三做出的政策决定前保持谨慎。在欧洲最大经济体德国，4月份CPI稳定在2.2%的近三年低点，略低于市场共识的2.3%，而欧盟统一通胀率小幅上升至2.4%，超过2.3%的预期。货币市场预计欧洲央行2024年货币政策将下调70个基点，这意味着两次降息25个基点，第三次降息的可能性为80%。在其他方面，预计美联储将把借贷成本维持在创纪录的水平，所有人都在关注鲍威尔主席的讲话，以进一步了解央行今年的利率走势。

The yield on the 10-year German Bund dipped slightly below 2.55%, retreating from a recent five-month peak, after Germany's inflation data came in roughly in line with expectations ahead of the Eurozone's figures due on Tuesday, and as investors remained cautious ahead of the US Federal Reserve policy decision scheduled for Wednesday. In Germany, Europe's largest economy, the CPI rate held steady at a near three-year low of 2.2% in April, slightly below the market consensus of 2.3%, while the EU-harmonized rate inched higher to 2.4%, exceeding the expectation of 2.3%. Money markets priced in a 70 bps cut in ECB monetary policy for 2024, suggesting two 25 bps rate cuts and an 80% chance of a third move. Elsewhere, the US Fed is expected to maintain borrowing costs at record levels, with all eyes on Chair Powell's remarks for further insights into the central bank's rate moves this year.

初步估计显示，2024年4月，德国消费者价格通胀率为2.2%，稳定在2021年5月以来的最低水平，略低于市场预测的2.3%。服务业通胀放缓（3.4%对3月份的3.7%）被食品价格反弹（0.5%对-0.7%）和能源成本小幅下降（-1.2%对-2.7%）所抵消。与此同时，欧盟统一汇率小幅上涨至2.4%，高于3月份2.3%的近三年低点，略高于市场普遍认为的2.3%。4月份，不包括食品和能源等波动性项目的核心通胀率降至3.0%，为2022年3月以来的最低水平。

Germany's consumer price inflation stood at 2.2% in April 2024, holding steady at its lowest level since May 2021 and slightly below market forecasts of 2.3%, a preliminary estimate showed. A slowdown in services inflation (3.4% vs 3.7% in March) was offset by a rebound in food prices (0.5% vs -0.7%) and a smaller decline in energy costs (-1.2% vs -2.7%). Meanwhile, the EU-harmonized rate edged higher to 2.4%, up from March's near three-year low of 2.3%, slightly surpassing the market consensus of 2.3%. Core inflation, excluding volatile items like food and energy, dipped to 3.0% in April, its lowest level since March 2022.

法兰克福DAX 40指数周一上涨0.4%，至18230点，创下4月8日以来的最高水平，投资者正在等待德国对4月通胀数据的初步估计，以进一步了解欧洲央行今年可能降息的时间。人们还注意到即将举行的美联储为期两天的政策会议，鲍威尔主席最近的鹰派言论和强劲的经济指标缓和了对降息的预期。在企业方面，德意志银行股价暴跌近4%，因为这家德国银行宣布了一项与收购邮政银行诉讼有关的法律条款，预计这将影响其第二季度和全年的盈利能力。

Frankfurt's DAX 40 index rose by 0.4% to 18,230 points on Monday, marking its highest level since April 8th, as investors awaited Germany's preliminary estimate of April's inflation data for further insights into the timing of potential rate cuts by the European Central Bank this year. Attention was also drawn to the upcoming Federal Reserve two-day policy meeting, with Chair Powell's recent hawkish comments and strong economic indicators tempering expectations of interest rate cuts. On the corporate front, shares in Deutsche Bank tumbled almost 4% as the German lender announced a legal provision related to litigation concerning its takeover of Postbank, which is expected to impact its Q2 and full-year profitability.