周四，富时100指数上涨，从上一交易日的下跌中恢复过来，英国首相基尔·斯塔默和财政大臣雷切尔·里夫斯通过确认他们对财政纪律和经济稳定的承诺来安抚市场。他们的言论帮助提振了英国国债和英镑，提振了英国资产的信心。美国就业报告强于预期后，股市涨幅部分收窄。英国私营部门活动也显示出比6月份最初估计的更强劲的增长，支持了市场情绪。劳埃德银行和巴克莱银行表现最佳，分别上涨3.2%和2%。英美烟草公司和Relx也取得了进展。然而，阿斯利康股价下跌超过1.5%，有报道称，该公司正在与Summit Therapeutics就肺癌药物许可协议进行深入谈判，该协议可能价值高达150亿美元。这笔交易可能涉及大笔预付款和未来的里程碑，尽管据报道其他制药公司也在与Summit进行讨论。

The FTSE 100 rose on Thursday, recovering from the previous session’s losses as Prime Minister Keir Starmer and Chancellor Rachel Reeves moved to calm markets by affirming their commitment to fiscal discipline and economic stability. Their remarks helped lift both gilts and the pound, boosting confidence across UK assets. Gains in equities were partially trimmed after a stronger-than-expected US jobs report. UK private sector activity also showed stronger growth than initially estimated in June, supporting sentiment. Lloyds Banking and Barclays were among the best performers, rising 3.2% and 2%, respectively. British American Tobacco and Relx also advanced. However, AstraZeneca dropped over 1.5% amid reports it is in advanced talks with Summit Therapeutics for a lung cancer drug licensing deal potentially worth up to $15 billion. The deal may involve a significant upfront payment and future milestones, though other pharmaceutical firms are reportedly also in discussions with Summit.

英镑回吐早盘涨幅，回落至1.36美元，为6月23日以来的最低水平，此前美国就业报告强于预期，投资者纷纷涌向美元。在本次会议早些时候，英国首相基尔·斯塔默在人们对其未来的猜测中为财政大臣雷切尔·里夫斯辩护，确认她将“在未来很长一段时间内”继续担任财政大臣，这有助于缓解人们对潜在替代者可能采取更宽松的财政立场，增加借贷的担忧。在货币政策方面，在官员发表鸽派言论后，市场已经消化了英格兰银行最早将于8月降息的预期。英国央行行长贝利表示，现在全面评估关税对通胀的影响还为时过早，但重申利率的轨迹是“下降的”。与此同时，英国央行政策制定者艾伦·泰勒敦促加快降息，并警告称英国经济硬着陆的风险增加。

The British pound gave back early gains to slip back toward $1.36, its weakest level since June 23, as investors rushed to the dollar following a stronger-than-expected US jobs report. Earlier in the session, sterling had been supported after Prime Minister Keir Starmer defended Chancellor Rachel Reeves amid speculation about her future, affirming she would remain chancellor “for a very long time to come.” This helped ease concerns that a potential replacement might adopt a looser fiscal stance with increased borrowing. On the monetary policy front, markets have priced in a Bank of England rate cut as soon as August, following dovish remarks from officials. Governor Bailey said it was too early to fully assess the inflationary impact of tariffs but reiterated that the trajectory of interest rates is “downwards.” Meanwhile, BoE policymaker Alan Taylor urged faster rate cuts, warning of a heightened risk of a hard landing for the UK economy.

英镑在抛售后企稳，财政担忧盛行。周四英镑小幅走高，在财政担忧和对雷切尔·里夫斯未来的不确定性之后企稳，因为英国财政部长在上一交易日引发了英国资产的抛售。

Sterling steadies after selloff, fiscal worries prevail.Sterling edged higher on Thursday, stabilising after fiscal concerns and uncertainty about Rachel Reeves' future as Britain's finance minister sparked a selloff across UK assets in the previous session.

英国标准普尔全球综合采购经理人指数从初步的50.7上调至2025年6月的52.0，高于5月的50.3，标志着在4月短暂收缩后连续第二个月超过50.0的增长阈值。产出以2024年9月以来的最快速度增长，但扩张速度仍然温和。尽管出口销售持续疲软，但新业务七个月来首次增长。对未来一年的商业乐观情绪较5月份略有缓解，表明市场情绪谨慎。在成本方面，投入价格通胀放缓至2025年迄今为止的最低水平，而产出价格通胀降至2021年2月以来的最低水平。

The UK S&P Global Composite PMI was revised up to 52.0 in June 2025 from the preliminary 50.7 and up from 50.3 in May, marking the second straight month above the 50.0 growth threshold after April’s brief contraction. Output grew at the fastest pace since September 2024, though the rate of expansion remained modest. New business increased for the first time in seven months, despite continued weakness in export sales. Business optimism for the year ahead eased slightly from May, indicating cautious sentiment. On the cost side, input price inflation slowed to its lowest level so far in 2025, while output price inflation dropped to its weakest since February 2021.