牛奶 (Milk) 加自选

澳大利亚7月贸易顺差73.1亿（预期49.2亿）。2025年7月澳大利亚贸易数据贸易平衡+73.1亿，打破了预期的49.2亿，此前出口额为53.65亿，增长3.3%，远高于前一个月进口额+2.6%，增长1.3%，这并不令人鼓舞。强劲的经济应该会吸引进口。

Australian July trade balance surplus 7310mn (vs. expected 4920mn).Trade data for Australia in July 2025 Trade Balance +7310mn, smashing expectations expected 4,920mn prior 5,365mn Exports (MoM) +3.3%, well ahed of the previous month prior +2 6% Imports (MoM) -1.3%, which is not encouraging. A strong economy should be sucking in imports.

周四早盘，新西兰元50指数下跌55点，跌幅0.4%，至13020点，连续第二次下跌，主要受公用事业、医疗保健和金融业的拖累。交易员在美国关税的不确定性中保持谨慎，同时密切关注相关事态发展。在国内，在经济疲软和高失业率的背景下，人们的注意力集中在预计几周内任命新的新西兰储备银行行长上。然而，几位美联储官员周三的评论表明，劳动力市场的担忧继续支持他们的观点，即降息仍有可能。这种情绪有助于限制下跌，增加了本月晚些时候降息的希望。与此同时，在Alphabet的反弹提振标准普尔500指数和纳斯达克指数后，美国股指期货几乎没有变化。早期的输家包括Ryman Healthcare（-2.0%）、Fletcher Building（-1.8%）、Skellerup Holdings（-1.4%）、Fisher&Paykel（-0.9%）、Colonial Motor（-0.9%，Hallenstein Glasson）（-0.6%）。

The NZX 50 dropped 55 points, or 0.4%, to 13,020 in morning trade on Thursday, marking its second consecutive decline, mainly weighed down by utilities, healthcare, and financials. Traders remained cautious amid US tariff uncertainty while monitoring related developments. Domestically, attention is on the expected appointment of a new RBNZ Governor within weeks, against the backdrop of a weak economy and high unemployment. However, comments from several Federal Reserve officials on Wednesday suggested that labor market concerns continue to support their view that interest rate cuts are still likely. This sentiment helped limit the decline, raising hopes of a cut later this month. Meanwhile, US stock futures were little changed after Alphabet’s rally boosted the S&P 500 and Nasdaq. Among early losers were Ryman Healthcare (-2.0%), Fletcher Building (-1.8%), Skellerup Holdings (-1.4%), Fisher & Paykel (-0.9%), Colonial Motor (-0.9%), and Hallenstein Glasson (-0.6%).

在巴黎，CAC 40指数周三上涨65点，涨幅0.86%。施耐德电气（3.24%）、空中客车（3.09%）和凯捷（3.05%）领涨。跌幅最大的是Stellantis NV（-2.61%）、雷诺（-1.93%）和Orange（-1.87%）。

In Paris, the CAC 40 Index gained 65 points or 0.86 percent on Wednesday. Gains were led by Schneider Electric (3.24%), Airbus (3.09%) and Cap Gemini (3.05%). Biggest losers were Stellantis NV (-2.61%), Renault (-1.93%) and Orange (-1.87%).

CAC 40指数周三上涨0.9%，收于7720点，从前一交易日的大幅下跌中反弹，结束了连续三天的下跌。周二的抛售是由对主要经济体债务可持续性的担忧加剧引发的，这推高了债券收益率。在法国，30年期国债收益率触及2009年以来的最高水平，因为下周的不信任投票前政治不确定性加剧。国内投资者正在等待最终的PMI数据，以获得更清晰的经济活动信号。在个股中，空客上涨3.1%，施耐德电气上涨2.9%，凯捷上涨3.1%，阳狮上涨2.7%。

The CAC 40 rose 0.9% to close at 7,720 on Wednesday, rebounding from a sharp drop in the previous session and ending a three-day losing streak. Tuesday’s selloff was triggered by rising worries over debt sustainability in major economies that pushed bond yields significantly higher. In France the 30-year yield hit its highest level since 2009 as political uncertainty mounts ahead of next week’s no-confidence vote. At home investors are waiting for the final PMI readings for clearer signals on activity. Among individual stocks Airbus was up 3.1%, Schneider Electric rose 2.9%, Capgemini gained 3.1% and Publicis added 2.7%.