牛奶 (Milk) 加自选

在法兰克福，DAX指数周五上涨590点，涨幅2.62%。涨幅最大的是西门子能源（7.49%）、莱茵金属（5.65%）和空中客车（5.31%）。

In Frankfurt, the DAX Index rose 590 points or 2.62 percent on Friday. Leading the gains are Siemens Energy (7.49%), Rheinmetall (5.65%) and Airbus (5.31%).

在巴黎，CAC 40指数周五上涨177点，涨幅2.33%。施耐德电气（6.01%）、空中客车（5.31%）和意法半导体（4.65%）领涨。

In Paris, the CAC 40 Index gained 177 points or 2.33 percent on Friday. Gains were led by Schneider Electric (6.01%), Airbus (5.31%) and STMicroelectronics (4.65%).

法国10年期OAT收益率回升至3.2%以上，此前欧元区通胀强于预期，美国就业数据提振了市场活动。4月份，欧元区的年通胀率保持在2.2%，略高于2.1%的预测，而核心通胀率从2.4%加速至2.7%，也超出了预期。这些数据增强了投资者对欧洲央行在年底前降息60个基点的信心。与此同时，在美国，4月份非农就业人数增加了17.7万人，超过了13万人的估计，尽管最近的GDP数据显示出现了收缩。混合信号可能会使美联储未来的政策道路复杂化。在北京表示正在“评估”华盛顿关于重启谈判的最新提议后，全球情绪也因缓解美中贸易紧张局势的希望而有所改善。

France’s 10-year OAT yield climbed back above 3.2% after stronger-than-expected Eurozone inflation and U.S. jobs data bolstered market activity. Annual inflation in the bloc held at 2.2% in April, slightly above the 2.1% forecast, while core inflation accelerated to 2.7% from 2.4%, also beating expectations. The figures strengthened investor confidence in the European Central Bank delivering 60 basis points of rate cuts by the end of the year. Meanwhile, in the U.S., non-farm payrolls rose by 177,000 in April, surpassing the 130,000 estimate, despite recent GDP data showing a contraction. The mixed signals may complicate the Federal Reserve’s policy path ahead. Global sentiment also improved on hopes of easing U.S.–China trade tensions, after Beijing said it is “evaluating” Washington’s latest proposals for renewed negotiations.

德国10年期国债收益率攀升至2.5%，此前欧元区公布的通胀数据强于预期，美国就业数据稳健。4月份，欧盟的年通货膨胀率稳定在2.2%，略高于2.1%的预测，因为服务和未加工食品价格的急剧上涨抵消了能源成本的急剧下降。核心通胀率从2.4%升至2.7%，也超出预期，强化了市场对欧洲央行年底前降息60个基点的预期。在美国，4月份的就业报告——自特朗普政府4月初宣布关税以来的第一份报告——显示经济增加了17.7万个工作岗位，超过了13万个的预测。然而，强劲的劳动力数据，加上第一季度GDP数据疲软，使美联储在6月份是否降息的决定变得更加复杂。与此同时，在北京表示正在“评估”美国最近提出的重启谈判的建议后，市场情绪因美中贸易紧张局势可能解冻的迹象而有所改善。

The yield on Germany’s 10-year Bund climbed toward 2.5% after stronger-than-expected inflation data from the Eurozone and solid U.S. jobs figures. Annual inflation in the bloc held steady at 2.2% in April, slightly above the 2.1% forecast, as sharp increases in services and unprocessed food prices offset a steeper decline in energy costs. Core inflation rose to 2.7% from 2.4%, also beating estimates, reinforcing market expectations for 60 bps of rate cuts by the ECB by year-end. In the U.S., April’s employment report—the first since the Trump administration’s early April tariff announcement—showed the economy added 177,000 jobs, outpacing forecasts of 130,000. However, the stronger labor data, combined with a weaker Q1 GDP reading, complicates the Fed’s decision on whether to cut interest rates in June. Meanwhile, market sentiment improved on signs of a potential thaw in U.S.–China trade tensions, after Beijing said it is “evaluating” recent U.S. proposals for renewed talks.