法兰克福DAX指数周五几乎没有变动，收于24193点，略低于持平点，但本周上涨了3%以上，这得益于第二季度公司业绩普遍乐观。与此同时，投资者继续权衡唐纳德·特朗普征收的关税对更广泛的经济影响，同时关注东欧的地缘政治发展。彭博社报道称，美国和俄罗斯官员正在努力就唐纳德·特朗普总统和弗拉基米尔·普京总统定于下周举行的峰会的领土问题达成协议。在企业方面，慕尼黑再保险的股价下跌了7%，拖累了保险公司，此前该公司下调了2025年的保险收入预测，尽管超过了第二季度的利润预期。从好的方面来看，银行、制药股、芯片制造商和汽车股强劲上涨。在商业新闻中，蒂森克虏伯股东批准剥离其海洋系统海军部门，保留51%的所有权。

The DAX in Frankfurt showed little movement on Friday, closing just below the flatline at 24,193, but gained over 3% for the week, supported by broadly positive Q2 corporate results. Meanwhile, investors continued to weigh the broader economic impact of tariffs imposed by Donald Trump, while keeping an eye on geopolitical developments in Eastern Europe. Bloomberg reported that US and Russian officials are working to reach an agreement on the territories for a summit between Presidents Donald Trump and Vladimir Putin scheduled for next week. On the corporate front, Munich Re’s shares fell 7%, dragging down insurers after the company cut its 2025 insurance revenue forecast despite exceeding Q2 profit expectations. On the upside, banks, pharma stocks, chipmakers and autos advanced firmly. In business news, Thyssenkrupp shareholders approved spinning off its Marine Systems naval division, retaining 51% ownership.

法兰克福DAX指数周五小幅下跌0.3%，收于24120点，结束了连续四个交易日的上涨，落后于以金融股为首的地区同行。慕尼黑再保险公司大幅下跌7%，对该指数造成沉重压力，此前该再保险公司下调了2025年的保险收入预测，尽管第二季度利润强于预期。抛售蔓延到其他保险公司，拖累了Hannover Rück和Allianz的股价。SAP和西门子能源也出现了大幅亏损，跌幅在0.9%至3%之间。从好的方面来看，莱茵金属、默克和费森尤斯集团表现最佳，涨幅高达2.5%。与此同时，交易员们继续权衡唐纳德·特朗普总统征收的互惠关税的影响，同时也在评估解决俄乌冲突的前景。尽管如此，该指数仍有望上涨近3%。

The DAX in Frankfurt edged down 0.3% toward 24,120 on Friday, ending a four-session winning streak and lagging behind regional peers, led by financials. A sharp 7% drop in Munich Re weighed heavily on the index, after the reinsurer lowered its 2025 insurance revenue forecast despite posting stronger-than-expected Q2 profits. The sell-off spilled over to other insurers, dragging down shares of Hannover Rück and Allianz. Steep losses were also seen in SAP and Siemens Energy, with declines ranging from 0.9% to 3%. On the upside, Rheinmetall, Merck and Fresenius SE were the top performers, with gains up to 2.5%. Meanwhile, traders continued to weigh the impact of reciprocal tariffs imposed by President Donald Trump, while also evaluating prospects for a resolution to the Russia-Ukraine conflict. Still, the index is poised to book a nearly 3% gain.

在法兰克福，DAX指数周四上涨268点，涨幅1.12%。涨幅最大的是海德堡水泥（6.04%）、德国商业银行（4.94%）和巴斯夫（4.73%）。

In Frankfurt, the DAX Index rose 268 points or 1.12 percent on Thursday. Leading the gains are HeidelbergCement (6.04%), Commerzbank (4.94%) and BASF (4.73%).

法兰克福DAX指数上涨，周四上涨超过1.5%，表现优于地区同行，因为投资者关注强劲的企业盈利，并在很大程度上消除了对关税的担忧。目前生效的“互惠”措施针对几乎所有主要贸易伙伴，包括面临15%税率的欧盟。德国依赖出口的经济正面临美国关税带来的越来越大的压力。在数据方面，6月份德国出口强劲，但工业产出下降幅度超过预期。在业务方面，巴斯夫领涨，涨幅超过5%，紧随其后的是安联，安联在公布乐观的第二季度业绩并坚持全年指导后上涨了近5%。海德堡材料、西门子和德国邮政也取得了强劲的增长，分别增长了4.7%、4.1%和3.75%。不利的一面是，莱茵金属公司在报告第二季度销售额低于预期后下跌了5%以上。由于业绩不佳，德国电信股价下跌约4%。

Frankfurt's DAX gained ground, rising over 1.5% on Thursday, outperforming its regional peers, as investors focused on strong corporate earnings and largely brushed off concerns over tariffs. The "reciprocal" measures, now in effect, target nearly all major trading partners, including the EU, which faces a 15% rate. Germany’s export-reliant economy is under growing pressure from US tariffs. On the data front, June saw stronger German exports but a deeper-than-expected drop in industrial output. On the business front, BASF led the gains with a rise of over 5%, followed closely by Allianz, which added nearly 5% after reporting upbeat Q2 results and sticking to its full-year guidance. Heidelberg Materials, Siemens, and Deutsche Post also saw strong advances, rising 4.7%, 4.1%, and 3.75%, respectively. On the downside, Rheinmetall is down more than 5% after reporting lower-than-expected second-quarter sales. Deutsche Telekom is down by about 4%, weighed down by weak results.