周五，欧洲股市上涨，受美国4月就业数据强于预期以及中国可能恢复与美国贸易谈判的迹象提振。斯托克50指数上涨1.9%，斯托克600指数上涨1.7%，科技股领涨3%。伦敦富时100指数上涨超过1%，创下有史以来最长的单日涨幅。壳牌股价在超过第一季度利润预期并启动35亿美元的股票回购后上涨1.9%。渣打银行也超过了预期，这得益于财富管理和全球银行业的增长，而国民西敏银行报告的利润好于预期，为18亿英镑。酩悦轩尼诗（Moët Hennessy）宣布计划在LVMH葡萄酒和烈酒部门重组期间裁员10%以上。在宏观方面，4月份欧元区通胀保持稳定，比上月上涨0.6%，同比上涨2.2%，与3月份的数据一致。

European stocks climbed on Friday, buoyed by stronger-than-expected US payroll data for April and signs that China may resume trade talks with the US. The Stoxx 50 jumped 1.9% and the Stoxx 600 gained 1.7%, led by a 3% rally in tech shares. London’s FTSE 100 rose over 1%, marking its longest streak of daily gains on record. Shell shares climbed 1.9% after beating Q1 profit expectations and launching a $3.5 billion share buyback. Standard Chartered also topped forecasts, driven by gains in wealth management and global banking, while NatWest reported a better-than-expected £1.8 billion profit. Moët Hennessy announced plans to cut over 10% of its workforce amid a restructuring at LVMH’s wine and spirits division. On the macro front, Euro Area inflation remained steady in April, rising 0.6% from the previous month and 2.2% year-on-year, in line with March figures.

欧元保持在1.13美元上方，因投资者处理了强于预期的欧元区通胀数据以及稳健的美国非农就业报告。4月份欧元区通胀率稳定在2.2%，略高于预期的2.1%。服务业通胀加速至3.9%，而核心通胀率（不包括食品和能源）上升至2.7%，也超过了预期，促使投资者保持对欧洲央行年底降息60个基点的预期。在美国，4月份非农就业人数增加了17.7万人，超过了市场预期的13万人，尽管与特朗普总统的关税政策有关的不确定性不断增加。强劲的劳动力数据，加上周三疲软的GDP报告，可能会使美联储在6月份是否降息的决定复杂化。与此同时，随着美中贸易紧张局势缓和的迹象出现，市场情绪有所改善，北京表示正在“评估”美国最近提出的重启谈判的建议。

The euro held above $1.13 as investors processed stronger-than-expected Eurozone inflation data alongside a solid U.S. non-farm payrolls report. Euro Area inflation remained steady at 2.2% in April, slightly above the anticipated 2.1%. Services inflation accelerated to 3.9%, while core inflation—excluding food and energy—rose to 2.7%, also surpassing expectations and prompting investors to maintain expectations of 60 bps in European Central Bank rate cuts by the end of the year. In the U.S., non-farm payrolls increased by 177,000 in April, surpassing market expectations of 130,000, despite rising uncertainty linked to President Trump’s tariff policies. The strong labor data, combined with Wednesday’s weak GDP report, could complicate the Federal Reserve’s decision on whether to cut interest rates in June. Meanwhile, market sentiment improved as signs of easing U.S.–China trade tensions emerged, with Beijing indicating it is "evaluating" recent U.S. proposals for renewed negotiations.

周五欧元升至1.13美元以上，此前欧元区通胀数据强于预期，美国非农就业报告公布，投资者正在寻找美联储政策前景的线索。最新的CPI数据显示，4月份欧元区通胀率稳定在2.2%，略高于预期的2.1%。值得注意的是，服务业通胀加速至3.9%，核心通胀率（不包括食品和能源）升至2.7%，也超过了预期。在美国，即将发布的就业报告预计将显示招聘放缓，4月份非农就业人数可能仅增加13万人，远低于3月份的22.8万人，原因是唐纳德·特朗普总统激进的关税立场带来的不确定性增加。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，美中贸易紧张局势可能解冻的迹象提振了市场情绪。

The euro rose above $1.13 on Friday after stronger-than-expected Eurozone inflation data and ahead of the U.S. non-farm payrolls report, as investors looked for clues on the Federal Reserve’s policy outlook. The latest CPI figures showed Euro Area inflation held steady at 2.2% in April, slightly above the expected 2.1%. Notably, services inflation accelerated to 3.9%, and core inflation—which excludes food and energy—rose to 2.7%, also surpassing forecasts. In the U.S., the upcoming jobs report is expected to show a slowdown in hiring, with non-farm payrolls likely increasing by just 130,000 in April, down sharply from 228,000 in March, amid rising uncertainty linked to President Donald Trump’s aggressive tariff stance. Meanwhile, market sentiment was lifted by signs of a potential thaw in U.S.–China trade tensions, after Beijing said it is “evaluating” recent U.S. proposals for renewed negotiations.

2025年3月，欧元区的失业率保持在6.2%的历史低点，连续第六个月保持不变，略高于预测的6.1%。然而，失业人数比上月增加了8.3万人，达到1081.8万人。与此同时，反映25岁以下求职者的青年失业率从上月的14.3%降至14.2%。在欧盟最大的经济体中，德国（3.5%）和荷兰（3.9%）报告的失业率最低，而西班牙（10.9%）、法国（7.3%）和意大利（6%）的失业率继续上升。一年前，失业率高达6.5%。

The unemployment rate in the Euro Area remained at a record low of 6.2% in March 2025, unchanged for the sixth consecutive month, marginally above the predicted 6.1%. However, the number of unemployed individuals increased by 83 thousand from the prior month to 10.818 million. Meanwhile, the youth unemployment rate, reflecting those under 25 seeking employment, edged down to 14.2% from 14.3% in the prior month. Among the bloc’s largest economies, Germany (3.5%) and the Netherlands (3.9%) reported the lowest unemployment rates, while Spain (10.9%), France (7.3%), and Italy (6%) continued to see higher levels. A year ago, the jobless rate was higher at 6.5%.