法兰克福DAX指数试图短暂复苏，但周三收盘下跌0.2%，收于24048点，这是第五个交易日的下跌，受到持续的贸易不确定性和欧洲公司盈利疲软的压力。尽管投资者希望达成比之前概述的更有利的关税协议，但特朗普总统再次威胁要将关税扩大到药品和半导体——可能最早在8月1日，即实施其“互惠”税收政策的最后期限。欧盟贸易专员Maros Sefcovic将前往华盛顿，就美国征收的30%关税进行新一轮谈判。汽车制造商受到的打击最为严重，大众汽车下跌3.7%，保时捷公司下跌3%，梅赛德斯-奔驰集团下跌1.9%。Brenntag股价下跌2.6%，此前德意志银行将该股评级从买入下调至持有，并将目标价从57欧元下调至52欧元。

Frankfurt’s DAX attempted a brief recovery but closed 0.2% lower at 24,048 on Wednesday, the fifth session of losses, pressured by ongoing trade uncertainty and weak corporate earnings from European firms. While investors hoped for a more favorable tariff agreement than previously outlined, President Trump renewed his threat to extend tariffs to pharmaceuticals and semiconductors—possibly as soon as August 1, the deadline for implementing his 'reciprocal' tax policy. EU Trade Commissioner Maros Sefcovic is traveling to Washington for a new round of talks on the 30% tariff imposed by the US. Automakers were among the hardest hit, with Volkswagen falling 3.7%, Porsche AG down 3%, and Mercedes-Benz Group losing 1.9%. Brenntag fell 2.6% after Deutsche Bank downgraded the stock to Hold from Buy and cut its price target to €52 from €57.

法兰克福DAX指数从早盘下跌反弹，周三下午小幅上涨至24150点附近，投资者预计可能达成一项比最近几天宣布的条款更优惠的关税协议。欧盟贸易专员Maros Sefcovic今天前往华盛顿，就特朗普总统征收的30%关税进行新一轮谈判。如果谈判失败，欧盟准备针对721亿美元的美国进口采取反制措施，包括威士忌、波音飞机和零部件、牛肉和汽车零部件。与此同时，特朗普再次威胁要延长对药品和半导体的关税，可能最早在8月1日，即实施其“互惠”税收政策的最后期限。欧洲公司的一些令人失望的公司业绩也缓和了市场情绪。在单一股票中，涨幅最大的包括Munchener Ruck、德意志银行、德国电信和安联，涨幅在1.2%至1.8%之间。

Frankfurt's DAX bounced back from early losses to trade slightly higher near 24,150 on Wednesday afternoon, with investors eyeing a possible tariff agreement more favorable than the terms announced in recent days. EU Trade Commissioner Maros Sefcovic heads to Washington today for a new round of talks on the 30% tariff imposed by President Trump. If negotiations fail, the EU is ready with countermeasures targeting $72.1 billion in U.S. imports, including whiskey, Boeing aircraft and parts, beef, and auto components. Meanwhile, Trump renewed his threat to extend tariffs to pharmaceuticals and semiconductors, possibly as soon as August 1—the deadline for implementing his 'reciprocal' tax policy. Some disappointing corporate results from European companies also tempered market sentiment. Among single stocks, top gainers included Munchener Ruck, Deutsche Bank, Deutsche Telekom and Allianz, adding between 1.2% and 1.8%.

德国财政部长：预计下半年经济增长。欧元兑美元跌至昨日低点1.15915附近，但在公布低于预期的PPI数据后反弹。该货币对目前交易在1.1610左右。

German finance minister: Expects economic growth in the second half of the year.The EURUSD dipped to test yesterday's low near 1.15915, but rebounded following the release of softer-than-expected PPI data. The pair is currently trading around 1.1610.

德国10年期国债收益率升至2.7%以上，徘徊在三个多月来的最高水平附近，投资者继续关注贸易发展并评估其潜在的通胀影响。美国总统唐纳德·特朗普宣布自8月1日起对来自欧盟的进口商品征收30%的关税，尽管他后来表示愿意参与谈判。作为回应，欧盟重申其达成贸易协议的承诺，并宣布将推迟报复措施，将暂停计划中的关税延长至8月初，以便有时间进行进一步对话。与此同时，美国和英国的通货膨胀在6月份加速，促使市场略微降低了对美联储和英格兰银行降息的预期。在欧元区，人们普遍预计欧洲央行将在下周的会议上维持利率不变，尽管市场仍预计年底前至少会降息一次。

Germany’s 10-year Bund yield rose above 2.7%, hovering near its highest level in over three months, as investors continued to monitor trade developments and assess their potential inflationary impact. US President Donald Trump announced a 30% tariff on imports from the European Union, effective August 1st, although he later indicated a willingness to engage in negotiations. In response, the EU reaffirmed its commitment to reaching a trade agreement and announced it would delay retaliatory measures, extending the suspension of planned tariffs until early August to allow time for further dialogue. Meanwhile, inflation in both the US and UK accelerated in June, prompting markets to slightly scale back expectations for interest rate cuts by the Federal Reserve and the Bank of England. In the Eurozone, the European Central Bank is widely expected to keep rates on hold at its upcoming meeting next week, though markets still price in at least one rate cut before year-end.