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.

法兰克福DAX指数周三小幅下跌至24000点，有望连续第五天下跌，因为交易员权衡了更多的关税威胁和令人失望的企业更新，包括ASML和雷诺的更新。美国总统唐纳德·特朗普周二表示，他可能会在本月底前对药品征收关税，对半导体的征税可能很快就会到来。在个股中，英飞凌科技领跌，下跌1.6%，其次是戴姆勒卡车控股公司、大众汽车、西门子能源、Vonovia和保时捷股份公司。从上涨的角度来看，Munchener Ruck（+1.1%）和Zalando（+0.8%）的股价尤为突出。

Frankfurt's DAX edged down toward the 24,000 mark on Wednesday, on track for the fifth straight day of losses, as traders weighed more tariff threats and disappointing corporate updates, including from ASML and Renault. President Donald Trump said on Tuesday he was likely to impose tariffs on pharmaceuticals by the end of the month and that levies on semiconductors could come soon. Among individual stocks, Infineon Technologies led the losses, down 1.6%, followed by Daimler Truck Holding, Volkswagen, Siemens Energy, Vonovia and Porsche AG. On the upside, shares of Munchener Ruck (+1.1%) and Zalando (+0.8%) stood out.

法兰克福DAX指数周二早盘下跌约0.4%，收于24060点，与欧洲同行持平，主要受防御性股票、银行和金融股的拖累。与此同时，贸易商继续关注贸易谈判的进展。尽管欧盟部长们仍希望与华盛顿达成协议，但布鲁塞尔已经准备了一份720亿欧元的美国产品清单，主要是飞机、汽车和食品，如果特朗普继续推进，将对其征收报复性关税。周一，美国总统表示愿意与欧盟和其他贸易伙伴进行谈判，并指出欧盟官员很快将访问美国进行贸易讨论。在企业方面，Renk Group、Rheinmetall、Hensoldt和MTU航空发动机公司的亏损在1.5%至3.4%之间。其他值得注意的跌幅包括德国商业银行（-2.9%）、空中客车（-1.5%）和安联（-1.50%）。相反，汽车制造商和科技公司的涨幅最大。

Frankfurt's DAX cut some early losses to close about 0.4% down at 24,060 on Tuesday, aligning with European peers, mainly pushed down by defensive stocks, banks and financials. Meanwhile, traders continued to monitor developments on trade negotiations. While EU ministers still hope to reach a deal with Washington, Brussels has prepared a €72 billion list of US products—mainly aircraft, cars, and food—for retaliatory tariffs if Trump proceeds. The US President expressed openness to talks with the EU and other trading partners on Monday, noting that EU officials would soon visit the US for trade discussions. On the corporate front, Renk Group, Rheinmetall, Hensoldt and MTU Aero Engines saw losses between 1.5% and 3.4%. Other notable decliners included Commerzbank (-2.9%), Airbus (-1.5%) and Allianz (-1.5%). Conversely, automakers and techs posted the biggest gains.