美国2号棉花 (Cotton) 加自选

欧洲主要股指收盘走高。主要指数又一个稳健的一周。欧洲主要股指当天收高，本周收高。该指数已连续第三周上涨。

Major European indices close higher. Another solid week for the major indices.The major European indices are closing higher for the day and higher for the week. The indices are now up for the third consecutive week.

富时MIB指数周五收于38330点，上涨1.9%，延续了本周的涨势，恢复到美国“解放日”之前的水平，当时美国总统特朗普宣布了激进的关税，导致全球股市暴跌。米兰交易所普遍上涨，普睿司曼、Interump和Leonardo上涨6.5%至5%后，工业股领涨。科技股也大幅上涨，意法半导体上涨4.2%，此前美国强劲的就业报告提振了科技股。与此同时，银行继续表现良好，投资者继续评估并购的可能性以及潜在交易将如何塑造意大利银行业。Banca MPS本周收盘上涨5.5%，此前其对Mediobanca的收购支持了该国第三大银行业强国的预期。反过来，Mediobanca本周收盘上涨3.5%，此前该公司提出了一项交易，将其持有的忠利股份换成了Banca Generali，基本上阻止了MPS的收购企图。

The FTSE MIB closed 1.9% higher at 38,330 on Friday, extending the week's rally to recover to levels prior to the US's "Liberation Day", when US President Trump announced aggressive tariffs that drove global equities to plunge. Gains were broad-based among the Milan exchange, with industrials setting the pace after Prysmian, Interpump, and Leonardo added between 6.5% and 5%. Tech was also sharply higher, with STMicroelectronics advancing 4.2% after a strong jobs report in the US lifted tech shares. Meanwhile, banks continued to perform well as investors continued to assess possibilities of mergers and acquisitions and how potential deals will shape the Italian banking sector. Banca MPS closed the week 5.5% higher after its bid of Mediobanca supported expectations of a third major banking power in the country. In turn, Mediobanca ended the week 3.5% higher after presenting a deal that would swap its shares of Generali for Banca Generali, essentially fending off MPS's takeover attempt.

在米兰，富时MIB指数周五上涨723点，涨幅1.92%。涨幅最大的是普睿司曼（6.84%）、Interump Group（5.39%）和Leonardo SpA（4.68%）。

In Milan, the FTSE MIB Index went up by 723 points or 1.92 percent on Friday. Top gainers were Prysmian (6.84%), Interpump Group (5.39%) and Leonardo SpA (4.68%).

市场焦点将转向美国和中国之间潜在的关税谈判、美联储的利率决定、美联储官员随后的言论，以及一波第一季度财报。此外，关键数据包括ISM服务业采购经理人指数和外贸数据。在全球范围内，预计英国、巴西、波兰和挪威将做出利率决定。瑞士、土耳其、菲律宾、墨西哥和巴西的通胀数据将受到密切关注。加拿大将公布其劳动力市场报告以及贸易平衡数据，加拿大、法国、德国、巴西和中国还将公布其他贸易数据。与此同时，德国将公布工厂订单和工业生产数据，中国将报告服务业采购经理人指数和新的人民币贷款。

Market focus will turn to potential tariff negotiations between the U.S. and China, the Federal Reserve’s interest rate decision, and subsequent remarks from Fed officials, alongside a wave of Q1 earnings reports. Also, key data releases include the ISM Services PMI and foreign trade figures. Globally, interest rate decisions are expected from the UK, Brazil, Poland, and Norway. Inflation data will be closely watched in Switzerland, Turkey, the Philippines, Mexico, and Brazil. Canada will release its labour market report alongside trade balance figures, with additional trade data due from Canada, France, Germany, Brazil, and China. Meanwhile, Germany will publish factory orders and industrial production numbers, and China will report on services PMI and new yuan loans.