欧洲股市周五收盘微涨，企业盈利喜忧参半，市场评估了欧洲增长和利率的前景。斯托克50指数微涨至5674点，斯托克600指数上涨0.2%，收于创纪录的575点。赛诺菲第三季度盈利超过预期，上涨3%，萨博在上调全年有机销售额预测后飙升6%。此外，由于第三季度利润增加和业绩目标升级，国民西敏寺股价上涨5%。此外，埃尼集团在公布业绩后上涨了近2%。另一方面，赛峰集团股价下跌1.4%，尽管超过了分析师的盈利预期。与此同时，汽车制造商和非必需消费品公司录得涨幅，因为美国通胀低于预期，导致整个欧洲的收益率下降。在宏观经济方面，欧元区的采购经理人指数好于预期，反映了经济活动的一些牵引力。本周，斯托克50指数上涨1.2%，斯托克600指数上涨1.6%。

European stocks closed slightly higher on Friday amid mixed corporate earnings, while markets assessed the outlook on European growth and rates. The STOXX 50 inched up to 5,674 and the STOXX 600 rose 0.2% to a record close of 575. Sanofi advanced 3% on a Q3 profit beat and Saab surged 6% after raising its full-year organic sales forecast. Also, NatWest jumped 5% on higher Q3 profits and an upgraded performance target. Additionally, ENI jumped nearly 2% after delivering its results. On the other hand, Safran dropped 1.4% despite beating analysts' earnings consensus. Meanwhile, auto manufacturers and consumer discretionary companies booked gains as softer-than-expected inflation in the United States drove yields across Europe to drop. On the macroeconomic front, the Eurozone's PMI was better than expected to reflect some traction in economic activity. On the week, the STOXX 50 gained 1.2% and the STOXX 600 gained 1.6%.

欧洲股市在短暂创下盘中新高后于周五下午小幅下跌，因投资者消化了企业盈利和经济数据，希望特朗普总统和Xi总统下周会晤时美中贸易紧张局势可能会缓解。斯托克50指数下跌0.3%，至5660点，而斯托克600指数在574点附近徘徊。本周，斯托克50指数上涨1%，斯托克600指数上涨1.5%。在企业推动者中，赛诺菲因第三季度利润超过预期而上涨2.7%，萨博在上调全年有机销售预测后飙升7%，国民西敏银行因第三财季利润增加和业绩目标上调而上涨3.3%。Vinci在机场和高速公路增长放缓后下跌2.9%，赛峰集团尽管提高了2025年的目标，但仍下跌1.9%。在经济方面，好于预期的欧元区采购经理人指数（PMI）数据强化了人们对欧洲央行将保持利率稳定的预期，而美国通胀数据疲软则促使交易员预计美联储今年将再降息两次，可能在1月份第三次降息。

European stocks edged lower Friday afternoon after briefly hitting record intraday highs, as investors digested corporate earnings and economic data amid hopes that US–China trade tensions may ease when Presidents Trump and Xi meet next week. The STOXX 50 fell 0.3% to 5,660, while the STOXX 600 hovered near 574. For the week, the STOXX 50 added 1% and the STOXX 600 gained 1.5%. Among corporate movers, Sanofi rose 2.7% on a Q3 profit beat, Saab surged 7% after raising its full-year organic sales forecast, and NatWest gained 3.3% on higher Q3 profits and an upgraded performance target. Vinci tumbled 2.9% after slower airport and motorway momentum, and Safran slipped 1.9% despite raising 2025 targets. On the economic front, better-than-expected Eurozone PMI data reinforced expectations that the ECB will hold rates steady, while weaker US inflation data pushed traders to price in two more Fed rate cuts this year, with a possible third in January.

欧元在周末保持在1.16美元上方，欧元区PMI数据乐观，美国通胀数据低于预期。10月份的采购经理人指数显示，在强劲的服务业增长和稳定的制造业的推动下，欧元区私营部门以2024年5月以来的最快速度扩张。德国创下29个月来的最高增长点，欧元区其他国家稳步扩张，而法国则连续第14个月下降。在美国，9月份整体通胀率升至3.0%，为1月份以来的最高水平，但低于预期，而核心通胀率从3.1%降至3.0%，这表明尽管特朗普发动了贸易战，但价格压力得到了控制。交易员们押注美联储今年将再降息两次，并可能在1月份再次降息，而欧洲央行预计要到2026年7月才会开始宽松政策。

The euro held above $1.16 at the end of a week marked by upbeat Eurozone PMI figures and weaker-than-expected US inflation data. The October PMI showed the Eurozone’s private sector expanding at its fastest pace since May 2024, driven by robust services growth and stabilizing manufacturing. Germany hit a 29-month growth high, the rest of the bloc expanded solidly, while France recorded its 14th straight monthly decline. In the US, headline inflation rose to 3.0% in September, the highest since January but below forecasts, while core inflation eased to 3.0% from 3.1%, signaling contained price pressures despite Trump’s trade war. Traders raised bets on two more Fed rate cuts this year, with another possible in January, while the ECB is not expected to begin easing until July 2026.

欧元徘徊在1.16美元左右，投资者消化了欧元区PMI数据，并等待周五晚些时候公布的美国通胀数据。10月份的采购经理人指数显示，在强劲的服务业活动和稳定的制造业的推动下，私营部门以2024年5月以来的最快速度增长。德国创下29个月来的最高增长点，欧元区其他国家迅速扩张，而法国则连续第14个月出现下降。在美国，通胀预计将在下周美联储会议之前连续第二个月加速，届时市场几乎完全消化了25个基点的降息。投资者还对美国总统唐纳德·特朗普下周将会见中国习近平主席的消息表示欢迎，因为贸易紧张局势以及美国对中国商品征收100%额外关税的最后期限即将到来。

The euro hovered around $1.16 as investors digested flash Eurozone PMI data and awaited delayed US inflation figures due later Friday. The October PMI showed the private sector growing at its fastest pace since May 2024, driven by robust services activity and stabilizing manufacturing. Germany hit a 29-month growth high, the rest of the euro area expanded rapidly, while France posted its 14th consecutive monthly decline. In the US, inflation is expected to accelerate for a second month, ahead of the Federal Reserve’s meeting next week, where markets almost fully price in a 25bps rate cut. Investors also welcomed news that US President Donald Trump will meet Chinese President Xi Jinping next week, amid trade tensions and a looming deadline for additional 100% US tariffs on Chinese goods.