欧元/瑞郎 (EURCHF) 加自选

周三，欧洲股市收盘大多走高，延续了上一交易日的反弹，因为市场分析了一批经济数据和关键盈利结果。欧元区STOXX 50指数微涨0.3%，至5393点，而医疗保健和矿商等较重的子行业推动泛欧STOXX 600指数平收于550点。欧元区第二季度国内生产总值增长0.1%，法国和西班牙的扩张领涨，而德国和意大利的国内生产总值则收缩了0.1%。在企业方面，欧莱雅在美国和中国的销售额增长后反弹了4%。瑞银在公布第二季度强劲业绩后上涨1%。开云集团（Kering）股价上涨1.6%，尽管报告收入下降，巴斯夫（BASF）股价持平，即使在披露销售额下降后也是如此。另一方面，爱马仕股价下跌4.5%，此前其业绩令投资者失望，汇丰银行股价下跌2.9%，尽管报告收入增长并宣布30亿美元的股票回购。阿迪达斯在公布低于预期的收入增长后下跌了近7%，诺和诺德以6%的跌幅延续了本周的暴跌。

European stocks closed mostly higher on Wednesday, extending the rebound from last session as markets parsed a batch of economic data and key earnings results. The Eurozone's STOXX 50 inched 0.3% higher to 5,393, while heavier subsectors of healthcare and miners drove the pan-European STOXX 600 to close flat at 550. The Eurozone GDP grew 0.1% in Q2, led by expansions in France and Spain while the GDP in Germany and Italy contracted 0.1%. On the corporate front, L'Oréal rebounded 4% after posting higher sales in the US and China. UBS added 1% after posting a robust Q2. Kering jumped 1.6% despite reporting a revenue decline and BASF was flat, even after disclosing a fall in sales. On the other hand, Hermès fell 4.5% after its results disappointed investors and HSBC tumbled 2.9% despite reporting revenue growth and announcing a $3 billion share buyback. Adidas sank nearly 7% after posting weaker-than-expected revenue growth, and Novo Nordisk extended this week's plunge with a 6% drop.

法兰克福DAX指数在周三震荡后收于24262点，上涨约0.2%，标志着连续第二天温和上涨。投资者评估了一系列地区经济数据和新的企业收益，同时也在关注正在进行的贸易谈判的发展。在国内，德国经济在第二季度预计收缩0.1%，扭转了第一季度0.4%的增长。与此同时，德国内阁已批准2026年预算草案，其中包括创纪录的1267亿欧元投资和1740亿欧元计划借款，旨在加强基础设施和国防。在企业方面，西门子医疗公司（Siemens Healthineers）因第三季度业绩强劲和指导方针上调而上涨约2%，而保时捷公司（Porsche AG）因投资者欢迎其战略改革而上涨1.7%，尽管与4亿欧元的关税打击相关的前景有所下降。

Frankfurt's DAX closed about 0.2% higher at 24,262 after a choppy session on Wednesday, marking the second straight day of mild advances. Investors assessed a slew of regional economic data and fresh corporate earnings, while also monitoring developments on ongoing trade negotiations. Domestically, Germany's economy contracted by an expected 0.1% in Q2, reversing 0.4% growth in Q1. Meanwhile, the German cabinet has approved the 2026 draft budget, which includes a record investment of €126.7 billion and planned borrowing of €174 billion, aimed at reinforcing infrastructure and defence. On the corporate front, Siemens Healthineers gained roughly 2% on strong Q3 results and upgraded guidance, while Porsche AG added 1.7% as investors welcomed its strategic overhaul, despite a lowered outlook tied to a €400 million tariff hit.

周三，富时MIB指数上涨1%，收于41638点，受美国8月1日关税截止日期前企业盈利的提振。意大利第二季度GDP意外收缩，尽管积极的国内需求和更广泛的欧元区GDP增长强于预期，支撑了股市。联合圣保罗银行在公布第二季度利润26亿欧元后飙升4.4%，超过了24亿欧元的预期，收入70亿欧元也高于预期。BPER Banca因持续的并购猜测上涨3.1%。锡耶纳银行（Banca Monte Paschi di Siena）股价上涨2.9%，对其收购Mediobanca持乐观态度，此举可能会在潜在的第二波整合中扩大其规模。相比之下，Amplifon股价暴跌25.5%，此前利润下降8.7%，调整后的核心利润率预测从24%降至23%，南欧、北美和中国等主要市场表现疲软。

The FTSE MIB rose 1% to close at 41,638 on Wednesday, lifted by corporate earnings ahead of the looming US August 1st tariff deadline. The Italian GDP unexpectedly contracted in Q2, although positive domestic demand and stronger-than-expected growth in broader Eurozone GDPs supported equities. Intesa Sanpaolo surged 4.4% after posting a €2.6B Q2 profit, beating the €2.4B estimate, with €7B in revenue also above forecasts. BPER Banca gained 3.1% on continued M&A speculation. Banca Monte Paschi di Siena climbed 2.9% amid optimism over its bid for Mediobanca, a move that could boost its scale in a potential second wave of consolidation. In contrast, Amplifon plunged 25.5% after an 8.7% drop in profits and a cut to its adjusted core profit margin forecast to 23%, down from 24%, with weakness seen in key markets including Southern Europe, North America, and China.

在米兰，富时MIB指数周三上涨403点，涨幅0.98%。涨幅最大的银行是联合圣保罗银行（4.32%）、Bper Banca银行（3.14%）和锡耶纳银行（2.90%）。最大的损失来自Amplifon（-25.46%）、Recordati（-3.96%）和Hera（-2.98%）。

In Milan, the FTSE MIB Index went up by 403 points or 0.98 percent on Wednesday. Top gainers were Intesa Sanpaolo (4.32%), Bper Banca (3.14%) and Banca Monte dei Paschi di Siena (2.90%). Biggest losses came from Amplifon (-25.46%), Recordati (-3.96%) and Hera (-2.98%).