在伦敦，富时100指数周五上涨103点，涨幅1.21%。涨幅最大的是梅尔罗斯（5.01%）、国际航空集团（4.89%）和能多洁（3.86%）。

In London, the FTSE 100 Index went up by 103 points or 1.21 percent on Friday. Top gainers were Melrose (5.01%), International Airlines Group (4.89%) and Rentokil Initial (3.86%).

英格兰银行预览——谨慎但鸽派的英国央行。我们预计英格兰银行将于5月8日星期四根据共识和市场定价将银行利率降至4.25%。我们预计投票结果将是8比1，多数人投票支持降息25个基点，鸽派Dhingra投票支持更大幅度的降息50个基点。

Bank of England Preview – A Cautious, But Dovish BoE.We expect the Bank of England to cut the Bank Rate to 4.25% on Thursday 8 May in line with consensus and market pricing. We expect the vote split to be 8-1 with the majority voting for a 25bp cut and dove Dhingra voting for a larger 50bp cut.

英国富时100指数周五下午进一步上涨，涨幅超过1%，反映出全球积极情绪，这得益于美国就业报告强于预期，缓解了人们对世界最大经济体即将陷入衰退的担忧。该指数目前已连续第15个交易日上涨，有望实现有史以来最长的单日涨幅。随着北京表示愿意与华盛顿接触，围绕美中贸易谈判的乐观情绪进一步提振了市场情绪。与此同时，交易员继续关注财报季。在企业方面，壳牌股价上涨2.7%，此前该公司公布了强于预期的第一季度利润，并宣布了35亿美元（26亿英镑）的股票回购。国民西敏银行和渣打银行在发布各自的第一季度收益报告后也出现了积极的变化。包括嘉能可和英美资源集团在内的矿业公司随着铜价和金价的上涨而上涨。本周，该指数将上涨2.2%。

The UK's FTSE 100 gained further ground to trade more than 1% higher on Friday afternoon, mirroring a global positive mood, bolstered by a stronger-than-expected US jobs report that eased concerns of a imminent recession in the world's largest economy. The index is now in its 15th consecutive session of gains, on track for its longest-ever streak of daily increases. Market sentiment was further bolstered by optimism surrounding US-China trade talks, as Beijing expressed willingness to engage with Washington. Meanwhile, traders continued to monitor earnings season. On the corporate front, Shell climbed 2.7% after reporting stronger-than-expected Q1 profits and announcing a $3.5 billion (£2.6 billion) share buyback. NatWest and Standard Chartered also saw positive movement following their respective Q1 earnings reports. Miners, including Glencore and Anglo American, advanced in tandem with higher copper and gold prices. For the week, the index was set to advance 2.2%.

10年期英国国债收益率降至4.45%，接近去年12月以来的最低水平，因为投资者加大了对英格兰银行降息的押注，以缓解全球贸易紧张局势加剧对经济的影响。市场目前预计到2025年底将降息近四个基点，下周英国央行会议上降息25个基点的可能性为96%。一些经济学家认为，货币政策委员会可能会加快其逐步宽松的道路，以应对特朗普总统全面关税带来的风险，这些关税给全球前景蒙上了阴影。分析人士预计，5月的会议将深入了解英国央行如何重新评估政策格局。另外，英国债务管理办公室宣布计划在5月19日当周联合发行新的2056年英国国债。在美国，强劲的4月份工资数据使美联储的前景变得复杂，就在几天前，疲软的GDP数据增加了今年晚些时候降息的可能性。

The 10-year UK Gilt yield dropped to 4.45%, nearing its lowest level since December, as investors ramped up bets on Bank of England rate cuts to cushion the economy from mounting global trade tensions. Markets are now pricing in nearly four quarter-point cuts by the end of 2025, with a 96% chance of a 25 bps reduction at next week’s BoE meeting. Some economists believe the Monetary Policy Committee could accelerate its gradual easing path in response to risks stemming from President Trump’s sweeping tariffs, which have clouded the global outlook. Analysts expect May’s meeting to offer insight into how the BoE is reassessing the policy landscape. Separately, the UK Debt Management Office announced plans to syndicate a new 2056 gilt in the week of May 19. In the US, strong April payroll data has complicated the Fed’s outlook, coming just days after weaker GDP figures raised the odds of rate cuts later this year.