欧元/纽币 (EURNZD) 加自选

德国DAX指数周五跌至负值，下跌0.6%，至23600点附近，延续了前一天的跌幅，与其他欧洲同行持平。在财报季进行的同时，投资者情绪保持谨慎，对高科技估值的担忧挥之不去。在数据方面，由于进口增长超过出口，德国的贸易顺差在2025年9月降至11个月低点，低于分析师的预期。股市中跌幅最大的是Scout24和Zalando，分别下跌3.8%和2.5%。相比之下，汽车制造商的股价表现突出，大众汽车（+1.8%）和保时捷汽车（+1.5%）领涨，此前有报道称中国解除了对Nexperia芯片的出口禁令。银行股也强劲上涨，德国商业银行和德意志银行分别上涨1.4%和0.7%。本周，该指数预计将下跌约1.5%。

Germany's DAX moved into negative territory on Friday, down 0.6% to near 23,600, extending losses from the previous day, in line with other European peers. Investor sentiment stayed cautious amid lingering worries about high tech valuations, while the earnings season progressed. On the data front, Germany’s trade surplus fell to an 11-month low in September 2025, below analysts’ estimates, as the rise in imports outpaced that of exports. The biggest laggards among equities were Scout24 and Zalando, down 3.8% and 2.5%, respectively. By contrast, shares of automakers stood out, led by Volkswagen (+1.8%) and Porsche Automobil (+1.5%) following reports that China lifted its export ban on Nexperia chips. Banks also advanced firmly, with Commerzbank and Deutsche Bank adding 1.4% and 0.7%, respectively. For the week, the index was set to decline about 1.5%.

欧洲股市扭转了早盘涨势，周五交易走低，STOXX 50和STOXX 600均下跌0.3%，延续了前一交易日的跌幅，并保持每周下跌的趋势。市场情绪受到对人工智能股票估值的持续担忧和一系列企业更新的影响。Rightmove股价下跌近12%，至STOXX 600指数底部，此前该公司警告称，2026年的收入增长可能持平。国际航空集团在净利润下降和收入停滞后下跌7.3%，而诺和诺德在提高对Metsera的出价并宣布与美国总统特朗普达成协议降低某些肥胖药物的价格后下跌2.3%。从好的方面来看，ITV在确认以16亿英镑的价格将其媒体业务出售给Sky的谈判后飙升了近15%。汽车制造商也上涨，大众汽车上涨2.2%，宝马上涨2.1%，梅赛德斯-奔驰上涨1.2%，此前有报道称中国已解除对Nexperia芯片的出口禁令。本周，斯托克50指数下跌1%，斯托克600指数下跌0.7%。

European stocks reversed early gains to trade lower on Friday, with both the STOXX 50 and STOXX 600 down 0.3%, extending losses from the previous session and remaining on track for weekly declines. Sentiment was weighed by persistent concerns over AI stock valuations and a flurry of corporate updates. Rightmove slumped nearly 12% to the bottom of the STOXX 600 after warning that revenue growth will likely be flat in 2026. IAG dropped 7.3% following a decline in net profit and stagnant revenue, while Novo Nordisk fell 2.3% after raising its bid for Metsera and announcing a deal with US President Trump to cut prices for certain obesity drugs. On the upside, ITV surged almost 15% after confirming talks to sell its media business to Sky for £1.6 billion. Automakers also gained, with Volkswagen up 2.2%, BMW 2.1%, and Mercedes-Benz 1.2%, following reports that China has lifted its export ban on Nexperia chips. For the week, the STOXX 50 is down 1%, and the STOXX 600 has lost 0.7%.

德国10年期国债收益率攀升至2.7%，创下一个月新高，投资者权衡了对国内经济前景的持续担忧以及央行在货币政策道路上发出的混合信号。德国最近的数据显示，进出口反弹强于预期，但工业产出令人失望，而德国央行警告称，金融稳定风险日益增加。上周欧洲央行决定保持利率稳定后，政策制定者的言论进一步影响了市场情绪。François Villeroy de Galhau表示，央行必须保持选择权，Joachim Nagel敦促对通胀保持警惕，副行长Luis de Guindos指出，通胀率降至2%以下可能是暂时的。在大西洋彼岸，对12月美联储降息的疑虑依然存在，此前挑战者数据显示，10月裁员人数达到20年来的最高水平，部分抵消了本周早些时候ADP就业和ISM服务数据的强劲增长。

Germany’s 10-year Bund yield climbed toward 2.7%, hitting a fresh one-month high, as investors weighed persistent concerns over the domestic economic outlook alongside mixed signals from central banks on the path of monetary policy. Recent German data showed stronger-than-expected rebounds in exports and imports, but industrial output disappointed, while the Bundesbank warned of growing financial stability risks. Market sentiment was further shaped by comments from ECB policymakers following last week’s decision to hold interest rates steady. François Villeroy de Galhau said the Bank must keep options open, Joachim Nagel urged vigilance on inflation, and Vice President Luis de Guindos noted any dip below 2% inflation would likely be temporary. Across the Atlantic, doubts persist over a December Fed cut, after Challenger data showed layoffs at a 20-year high in October, partially offsetting stronger ADP employment and ISM services figures earlier in the week.

澳新银行美元兑新西兰元预测：美元主导地位使新西兰元目前面临压力。新西兰元（NZD）兑美元继续挣扎，在经历了9月和10月的糟糕表现后，该货币仍接近多年低点。近几个月来，新西兰元一直是G10货币中较为疲软的货币之一，明显落后于澳元，澳元受益于相对汇率走强。

ANZ US to New Zealand Dollar Forecast: USD Dominance Keeps NZD Under Pressure for Now.The New Zealand Dollar (NZD) has continued to struggle against the US Dollar, with the currency remaining near multi-year lows after a poor run through September and October. The Kiwi has been one of the weaker G10 currencies over recent months, lagging notably behind the Australian Dollar, which has benefited from stronger relative.