欧洲股市周四收高，延续了本周的积极势头，因为市场评估了最新的盈利结果以及欧洲企业将如何受到美国总统特朗普政策转向的影响。欧元区STOXX 50指数上涨0.3%，收于5220点，为2000年初以来的最高点，泛欧STOXX 600指数上涨0.5%，收于创纪录的530点。美国总统重申了此前降低税收、关税和提高能源产量的承诺，但没有证实早些时候对欧盟的贸易壁垒威胁。银行股领涨欧元区，桑坦德银行、联合信贷银行、西班牙对外银行和荷兰国际集团上涨超过2%。工业巨头也大幅上涨，在通用电气在美国取得强劲业绩后，赛峰集团股价飙升超过2%。另一方面，由于SK海力士在亚洲时段的业绩不佳，以及荷兰首相表示特朗普可能会向荷兰施压，限制对中国的出口，ASML股价下跌超过4%。

European stocks closed higher on Thursday, extending the positive momentum from the week as markets assessed the latest earnings results and how European businesses will be impacted by policy pivots from US President Trump. The Eurozone’s STOXX 50 advanced by 0.3% to close at 5,220, its highest since early 2,000, and the pan-European STOXX 600 jumped 0.5% to close at a record-high 530. The US President reiterated previous pledges of lower taxes, tariffs, and higher energy output, but refrained from confirming earlier threats of trade barriers against the EU. Banks led the gains in the Eurozone, with Santander, UniCredit, BBVA, and ING adding over 2%. Industrial giants also jumped, with Safran soaring over 2% following strong results from GE in the US. On the other hand, ASML tanked over 4% on the underwhelming results from SK Hynix during the Asian session and the Dutch Prime Minister’s note that Trump is likely to pressure the Netherlands to restrict exports to China.

据初步估计，欧元区消费者信心指数在2025年1月小幅改善至-14.2，上升0.3点，符合市场预期。消费者仍然乐观地认为，欧洲央行今年将继续降息。投资者已经将存款利率从1月30日的3%下调，预计到年底基准利率将降至2%。12月份的通货膨胀率为2.4%，预计到年中将降至欧洲央行2%的目标，这主要是由于经济前景疲软抑制了价格压力。与此同时，在更广泛的欧盟，消费者信心稳定在-13.3。

The consumer confidence indicator in the Euro Area improved slightly to -14.2 in January 2025, up by 0.3 points and in line with market expectations, according to preliminary estimates. Consumers remain optimistic that the European Central Bank will continue cutting rates this year. Investors have already priced in a reduction in the deposit rate from 3% on January 30, with expectations for the benchmark rate to drop to 2% by year-end. Inflation, which stood at 2.4% in December, is projected to ease to the ECB's 2% target by mid-year, largely due to a weak economic outlook dampening price pressures. Meanwhile, in the broader European Union, consumer sentiment held steady at -13.3.

欧元从五周高点回落至1.040美元，投资者等待唐纳德·特朗普总统的政策计划更加明确。在任期初期，特朗普选择不实施更严格的贸易处罚，缓解了人们对保护主义政策可能破坏全球增长并推高美国通胀的担忧。相反，他对亲商措施的关注支持了投资者的情绪。然而，紧张局势依然存在，因为特朗普批评欧盟“对我们非常非常糟糕”，并暗示可能征收关税。作为回应，欧洲央行行长克里斯蒂娜·拉加德敦促欧洲为潜在的贸易措施做好准备，称特朗普推迟全面关税的决定是一种“非常明智的做法”。在货币政策方面，预计欧洲央行将保持其宽松立场，市场预计下周的会议上将存款利率下调25个基点。

The euro eased to $1.040, retreating from a five-week high, as investors awaited more clarity on President Donald Trump’s policy plans. Early in his term, Trump chose not to impose stricter trade penalties, easing concerns that protectionist policies could derail global growth and drive US inflation higher. Instead, his focus on pro-business measures has supported investor sentiment. However, tensions remain, as Trump criticized the EU for being “very, very bad to us” and hinted at possible tariffs. In response, European Central Bank (ECB) President Christine Lagarde urged Europe to prepare for potential trade measures, calling Trump’s decision to delay blanket tariffs a “very smart approach.” On the monetary policy front, the ECB is expected to maintain its easing stance, with markets anticipating a 25 basis point cut in the deposit rate at next week’s meeting.

周四，斯托克50指数和斯托克600指数都徘徊在平线附近，结束了七个交易日的连胜，这一连胜将斯托克50指数推至2000点的高点，将斯托克600指数推至创纪录的水平。交易员们稍作休息，同时密切关注特朗普总统领导下美国政策的发展。科技股在前一交易日反弹后领跌，这得益于特朗普宣布在美国投资5000亿美元的人工智能基础设施。与此同时，达沃斯世界经济论坛仍然是焦点，特朗普计划通过视频通话向与会者发表讲话。在企业方面，ASML控股公司下跌3.4%，是当天跌幅最大的公司之一，而彪马股价在该公司公布令人失望的收益后下跌了14%。

Both the STOXX 50 and the STOXX 600 hovered near the flatline on Thursday, snapping a seven-session winning streak that had propelled the former to 2000-highs and the latter to record levels. Traders took a breather while closely monitoring developments in US policy under President Trump. Technology stocks led the losses after a rally in the previous session, fuelled by Trump’s announcement of a $500 billion AI infrastructure investment in the US. Meanwhile, the World Economic Forum in Davos remained in focus, with Trump scheduled to address attendees via video call. On the corporate front, ASML Holding fell 3.4%, ranking among the session’s biggest losers, while Puma shares tumbled 14% after the company reported disappointing earnings.