周五，STOXX 50指数下跌1.4%，STOXX 600指数下跌1%，两个指数均收于近一个月低点，中东地缘政治紧张局势加剧引发了广泛的避险情绪。以色列对伊朗发动了一波针对核基础设施和军事设施的袭击，造成两名伊朗高级指挥官死亡。以色列警告称将采取进一步行动，而伊朗则誓言进行报复，并已向以色列领土部署无人机。汽车行业表现最差，包括Stellantis（-3.4%）、法拉利（-2.8%）、梅赛德斯-奔驰（-1.6%）和宝马（-1.9%）。另一方面，在安全风险加剧和能源价格上涨的情况下，石油、天然气和国防类股表现优异，即壳牌（0.8%）、埃尼（1%）、莱茵金属（2.7%）和泰雷兹（0.4%）。本周，斯托克50指数下跌2.6%，斯托克600指数下跌1.7%。

The STOXX 50 dropped 1.4% and the STOXX 600 declined 1% on Friday, with both indexes closing nearly one-month lows, as rising geopolitical tensions in the Middle East triggered a broad flight to safety. Israel’s launched a wave of strikes against Iran targeting nuclear infrastructure and military facilities, killing two top Iranian commanders. Israel has warned of further action, while Iran has vowed retaliation and has already deployed drones toward Israeli territory. The auto sector was among the worst performers, namely Stellantis (-3.4%), Ferrari (-2.8%), Mercedes-Benz (-1.6%), and BMW (-1.9%). On the other hand, oil, gas, and defense stocks outperformed amid heightened security risks and rising energy prices, namely Shell (0.8%), Eni (1%), RWE (1%), Rheinmetall (2.7%), and Thales (0.4%). For the week, the STOXX 50 is down 2.6%, and the STOXX 600 lost 1.7%.

2025年4月，欧元区进口同比仅增长0.1%，达到2330.7亿欧元，与3月份7.7%的激增相比大幅放缓。疲软的增长突显出，在美国实施新关税后，贸易战的不确定性加剧，国内需求停滞不前。化学品（+6.2%）和食品饮料（+6.8%）的进口增加推动了温和增长，而大多数其他主要类别的进口都出现了显著下降。来自美国和中国的进口增长速度较慢，分别增长4.8%和8.9%，而来自英国的进口下降4.4%。

Imports into the Eurozone inched up just 0.1% year-on-year to €233.07 billion in April 2025, a sharp slowdown from the 7.7% surge recorded in March. The weak growth highlights stagnating domestic demand amid heightened trade war uncertainty following the implementation of new US tariffs. The modest increase was driven by higher imports of chemicals (+6.2%) and food and drink (+6.8%), while most other major categories posted notable declines. Imports from the US and China rose at a slower pace, up 4.8% and 8.9% respectively, while imports from the UK fell 4.4%.

2025年4月，欧元区的出口同比下降1.4%，至2429.8亿欧元，比3月份2802.1亿欧元的历史高点下降13.3%。3月份，消费者和企业在特朗普政府实施新关税之前先行购买。下降的原因是矿物燃料和润滑油（-25.3%）以及机械和运输设备（-5.6%）的出口大幅下降。化学品出口增长了6%，但与3月份50.5%的激增相比，这一增长明显放缓。对美国的出口增长也大幅放缓（3.9%对63.9%），而对中国和英国的出口分别下降了14.9%和6.0%。

Exports from the Eurozone declined 1.4% year-on-year to €242.98 billion in April 2025, and fell 13.3% from March’s all-time high of €280.21 billion—a month when consumers and businesses front-loaded purchases ahead of the implementation of new tariffs by the Trump administration. The decline was driven by sharp drops in exports of mineral fuels and lubricants (-25.3%) and machinery and transport equipment (-5.6%). Chemical exports rose 6%, but this represented a significant slowdown from the 50.5% surge recorded in March. Export growth to the US also cooled considerably (3.9% vs. 63.9%), while exports to China and the UK fell by 14.9% and 6.0%, respectively.

2025年4月，欧元区的贸易顺差从一年前的136亿欧元收窄至99亿欧元，低于市场预期的182亿欧元。这也标志着与3月份373亿欧元的历史高点相比大幅下降，这一下降主要是由于美国实施新关税后化学品盈余急剧下降。出口总额同比下降1.4%，至2430亿欧元，主要原因是矿物燃料和润滑油（-25.3%）以及机械和运输设备（-5.6%）大幅下降。化学品出口增长了6%，尽管这标志着与3月份50.5%的激增相比明显放缓。对美国的出口增长也大幅放缓（3.9%对63.9%），而对中国和英国的出口分别下降了14.9%和6.0%。与此同时，进口小幅增长0.1%，达到2330亿欧元，这得益于化学品（+6.2%）和食品和饮料（+6.8%）的采购增加，尽管大多数其他主要类别都出现了显著下降。来自美国和中国的进口增长速度较慢。

The Eurozone’s trade surplus narrowed to €9.9 billion in April 2025, down from €13.6 billion a year earlier and below market expectations of €18.2 billion. It also marked a steep drop from March’s all-time high of €37.3 billion, with the decline largely driven by a sharp fall in the chemicals surplus following the implementation of new US tariffs. Total exports fell 1.4% year-on-year to €243 billion, led by significant declines in mineral fuels and lubricants (-25.3%) and machinery and transport equipment (-5.6%). Chemical exports rose 6%, though this marked a stark slowdown from the 50.5% surge seen in March. Export growth to the US also decelerated sharply (3.9% vs. 63.9%), while exports to China and the UK declined by 14.9% and 6.0%, respectively. Meanwhile, imports edged up 0.1% to €233 billion, supported by higher purchases of chemicals (+6.2%) and food and drink (+6.8%), though most other major categories saw notable declines. Imports from the US and China rose at slower pace.