在米兰，富时MIB指数周一上涨755点，涨幅1.89%。涨幅最大的是Mediobanca（4.08%）、Banca Monte dei Paschi di Siena（3.61%）和UniCredit（3.45%）。

In Milan, the FTSE MIB Index went up by 755 points or 1.89 percent on Monday. Top gainers were Mediobanca (4.08%), Banca Monte dei Paschi di Siena (3.61%) and UniCredit (3.45%).

周一，富时MIB指数上涨近2%，至40687点，在欧洲市场重新站稳脚跟后，从周五的关税驱动的抛售中反弹。疲软的美国就业报告引发了利率预期的急剧转变，市场目前认为美联储9月份降息的可能性为85%。唐纳德·特朗普总统解雇美国劳工统计局局长后，不确定性加剧，加剧了人们对数据可信度的担忧。在米兰，银行领涨：Mediobanca（+4.1%）上涨，此前该公司报告称，在Monte dei Paschi（+3.5%）持续收购的情况下，其收益有所提高。该交易是意大利银行业最受关注的交易之一，Mediobanca也在寻求对Banca Generali的单独收购。与此同时，在Golden Power批准失败后，联合信贷银行（+3.5%）撤回了对Banco BPM的收购要约，现在正将注意力转向将其在德国商业银行的股份增加到30%。

The FTSE MIB jumped nearly 2% to 40,687 on Monday, rebounding from Friday’s tariff-driven selloff as European markets regained footing. A weak US jobs report sparked a sharp shift in interest rate expectations, with markets now pricing in an 85% chance of a Fed rate cut in September. Uncertainty intensified after President Donald Trump fired the US labor statistics chief, fueling concerns about data credibility. In Milan, banks led gains: Mediobanca (+4.1%) rose after reporting higher earnings amid an ongoing takeover attempt by Monte dei Paschi (+3.5%). The deal is among the most closely watched in Italy’s banking sector, with Mediobanca also pursuing a separate bid for Banca Generali. Meanwhile, UniCredit (+3.5%) withdrew its offer for Banco BPM after Golden Power approval failed and is now turning its attention to increasing its stake in Germany’s Commerzbank to 30%.

意大利10年期政府债券收益率徘徊在3.5%左右，在经历了几周来最大的周跌幅后保持稳定。投资者继续权衡来自美国和欧元区的对比信号及其对货币政策的影响。令人失望的美国就业数据和对前几个月的大幅下调，加剧了人们对美联储今年从9月开始再次降息的预期。特朗普总统解雇了劳工部的一名高级官员，这增加了不确定性。相比之下，欧元区通胀略高于预期，7月份保持在2.0%，而预测为1.9%，这加强了欧洲央行目前可能保持利率不变的观点。

Italy’s 10-year government bond yield hovered around the 3.5% mark, steady after posting its sharpest weekly drop in weeks. Investors continued to weigh contrasting signals from the US and Eurozone and their implications for monetary policy. Disappointing US jobs data and substantial downward revisions to previous months have fueled expectations of two additional Federal Reserve rate cuts this year, beginning in September. Adding to the uncertainty, President Trump dismissed a senior official at the Labor Department. In contrast, Eurozone inflation came in slightly above expectations, holding at 2.0% in July versus the forecasted 1.9%, strengthening the view that the European Central Bank is likely to keep rates unchanged for now.

富时MIB指数周一早盘上涨超过1%，收于40400点以上，结束了连续两天的下跌，本周开局强劲。投资者的注意力现在转向一波企业盈利报告，以及包括PMI数据和工业生产在内的国内经济数据，预计这些数据将为意大利经济的健康状况提供新的见解。金融股领涨，涨幅广泛。权重股联合信贷银行和联合圣保罗银行分别上涨2.8%和2.6%。该行业其他表现突出的银行包括Mediobanca（+2.8%）、Banco BPM（+2.4%）、BPER Banca（+1.9%）和Banca Monte dei Paschi di Siena（+2.2%）。

The FTSE MIB index rose more than 1% to trade above 40,400 in early trading on Monday, snapping a two-day losing streak to start the week on a strong note. Investor focus is now turning to a wave of corporate earnings reports, as well as domestic economic data including PMI figures and industrial production, which are expected to provide fresh insights into the health of the Italian economy. Gains were broad-based, led by financial stocks. Heavyweights UniCredit and Intesa Sanpaolo advanced 2.8% and 2.6%, respectively. Other notable performers in the sector included Mediobanca (+2.8%), Banco BPM (+2.4%), BPER Banca (+1.9%), and Banca Monte dei Paschi di Siena (+2.2%).