法兰克福DAX指数周二延续下跌，收于23487点，跌幅约2.3%，为8月1日以来的最低水平，追随政府债券收益率攀升推动的全球广泛抛售。与此同时，投资者消化了大西洋两岸的新经济数据。在欧洲，欧元区的年通胀率从7月份的2%微升至8月份的2.1%，超过了欧洲央行的目标和市场预期，并支持了政策制定者下周将保持利率不变的预期。与此同时，地缘政治紧张局势、法国政治不确定性和关税担忧继续打压市场情绪。在企业方面，所有行业均出现下跌。在股票中，Vonovia（-6.1%）、西门子能源（-5.8%）、费森尤斯医疗（-5.3%）、英飞凌科技（-4.5%）、Siemens（-4.4%）和Sartorius（-3.9%）的跌幅最大。

The DAX in Frankfurt extended losses to close about 2.3% lower at 23, 487 on Tuesday, the lowest level since August 1, tracking a broad global selloff fueled by climbing government bond yields. Meanwhile, investors digested fresh economic data from both sides of the Atlantic. In Europe, the annual inflation rate in the Eurozone inched up to 2.1% in August, from 2% in July, topping the ECB’s target and market expectations, and supporting expectations that policymakers will keep rates unchanged next week. At the same time, geopolitical tensions, political uncertainty in France and tariff worries continued to weigh on market sentiment. On the corporate front, all sectors finished in the red. Among equities, Vonovia (-6.1%), Siemens Energy (-5.8%), Fresenius Medical Care (-5.3%), Infineon Technologies (-4.5%), Siemens (-4.4%) and Sartorius (-3.9%) posted the sharpest declines.

在法兰克福，DAX指数周二下跌550点，跌幅2.29%。Vonovia（-6.35%）、西门子能源（-5.82%）和费森尤斯医疗（-5.31%）领跌。

In Frankfurt, the DAX Index dropped 550 points or 2.29 percent on Tuesday. Losses were led by Vonovia (-6.35%), Siemens Energy (-5.82%) and Fresenius Medical Care (-5.31%).

德国10年期政府债券收益率跃升至2.8%，为3月下旬以来的最高水平，而30年期借贷成本达到2011年以来的最低水平，反映出整个欧洲的财政担忧加剧。德国的中期财政计划预计，到2029年，将有约5000亿欧元的净新借款，为增加的基础设施和国防开支提供资金。在法国，对国家债务负担的担忧是定于9月8日举行的总理信任投票背后的一个关键因素。与此同时，8月份欧元区通胀率加速至2.1%，略高于市场预期和欧洲央行2%的目标，强化了人们对央行将在下周会议上保持利率不变的预期。

Germany’s 10-year government bond yield jumped toward 2.8%, its highest since late March, while 30-year borrowing costs reached levels not seen since 2011, reflecting rising fiscal concerns across Europe. Germany’s medium-term finance plan projects roughly €500 billion in net new borrowing through 2029 to fund increased infrastructure and defense spending. In France, worries over the nation’s debt burden are a key factor behind the prime minister’s confidence vote scheduled for September 8. Meanwhile, eurozone inflation accelerated to 2.1% in August, slightly above both market expectations and the ECB’s 2% target, reinforcing expectations that the central bank will keep interest rates unchanged at next week’s meeting.

法兰克福DAX指数周二继续下跌，跌幅超过1%，创下8月1日以来的最低水平，交易员们消化了最新的欧元区通胀数据。8月份，年通胀率从7月份的2%加速至2.1%，超过了欧洲央行的目标和市场预期，并支持了政策制定者下周将保持利率不变的预期。与此同时，地缘政治紧张局势、法国政治不确定性和关税担忧继续令投资者担忧。尽管欧盟与美国的贸易协定减少了关税的一些不确定性，但对欧盟出口征收15%的全面关税仍可能拖累经济活动。几乎所有行业都出现了亏损，费森尤斯医疗下跌超过5%。西门子、Vonovia、德国商业银行、E.ON、Zalando和德国邮政也下跌了1%至2%。相反，Rheinmetall、Renk和Hensoldt等国防类股上涨约1%。

The DAX in Frankfurt extended losses to trade more than 1% lower on Tuesday, hitting the lowest since August 1, as traders digested the latest Eurozone inflation data. The annual inflation rate accelerated to 2.1% in August, from 2% in July, topping the ECB’s target and market expectations, and supporting expectations that policymakers will keep rates unchanged next week. At the same time, geopolitical tensions, political uncertainty in France and tariff worries continued to worry investors. Although the EU’s trade agreement with the US has reduced some of the uncertainty around tariffs, the 15% blanket duty on EU exports still poses a potential drag on economic activity. Losses were seen across nearly all sectors, with Fresenius Medical Care sinking over 5%. Siemens, Vonovia, Commerzbank, E.ON, Zalando, and Deutsche Post also posted declines of 1% to 2%. Conversely, defense stocks such as Rheinmetall, Renk, and Hensoldt advanced around 1%.