德国ZEW经济情绪指标从5月的47.1增至2024年6月的47.5，为2022年2月以来的最高值，而预测为50。另一方面，当前状况分类指数从-72.3恶化至-73.8，低于-65的预期。这表明德国的经济预期和形势评估都停滞不前。此外，受访者的通胀预期略有上升，可能受到5月份高于预期的通胀率的影响。

The ZEW Indicator of Economic Sentiment for Germany increased to 47.5 in June 2024, the highest since February 2022, from 47.1 in May, and compared with forecasts of 50. On the other hand, the current conditions subindex deteriorated to -73.8 from -72.3, missing expectations of -65. This suggests a stagnation in both economic expectations and the situation assessment in Germany. Additionally, respondents' inflation expectations have slightly increased, likely influenced by higher than anticipated inflation rates in May.

周二，DAX指数上涨0.5%，收于18160点附近，延续了周一的涨幅，并追随欧洲同行走高，因为交易员本周关注关键的经济发布和重要的货币政策决策，同时权衡法国的政治动荡。德国ZEW经济情绪和美国零售销售将于今天公布，而英格兰银行将在本周晚些时候决定货币政策。在企业方面，莱茵金属（2.2%）、德国商业银行（1.9%）、QIAGEN（1.5%）和西门子能源（1.5%）表现最好。另一方面，阿迪达斯股价下跌1.1%，连续第四天下跌。

The DAX added 0.5% to trade around the 18160 level on Tuesday, extending Monday's gains, and tracking its European peers higher, as traders focus on key economic releases and important monetary policy decisions this week, while weighing the political turmoil in France. The ZEW economic sentiment for Germany and retail sales for the US are due today while the Bank o England will decide on monetary policy later in the week. On the corporate front, Rheinmetall (2.2%), Commerzbank (1.9%), QIAGEN (1.5%) and Siemens Energy (1.5%) were the top performers. On the other hand, Adidas was down 1.1%, a fourth consecutive day of losses.

DAX指数减少了大部分早些时候的涨幅，周一交易略高，反映了其他欧洲市场的类似趋势，因为法国提前大选的不确定性可能有利于极右翼团体。莱茵金属的跌幅最大，超过5%，其次是阿迪达斯，在英国《金融时报》的一篇报道披露该公司正在调查中国的大规模贿赂指控后，阿迪达斯的跌幅超过3%。相反，德意志交易所上涨了2%以上。

The DAX index reduced most of its earlier gains to trade just slightly higher on Monday, mirroring similar trends in other European markets due to uncertainties surrounding France's snap election, which could favor far-right groups. Rheinmetall saw the largest decline, dropping over 5%, followed by Adidas, which fell over 3% after a Financial Times report revealed the company is investigating large-scale bribery allegations in China. Conversely, Deutsche Boerse rose by more than 2%.

德国10年期国债收益率在上周下跌26个基点至2.34%的两个多月低点后反弹至2.39%，当时法国的政治动荡和欧洲议会选举中极右翼的推进促使人们转向安全地带，法国和意大利债券受到的打击最大。交易员们在等待进一步发展的同时深吸一口气，欧洲央行表示，目前没有考虑紧急购买法国债券的计划。在货币政策方面，欧洲央行在6月实施了广受期待的降息，在9个月内将存款利率保持在创纪录的4%后，将其下调了25个基点，同时上调了2024年和2025年的通胀预测。

The German 10-year bund yield rebounded to 2.39%, after falling 26bps last week to over two-month lows of 2.34%, when political turmoil in France and the far-right advance in European Parliament elections prompted a flight to safety, with French and Italian bonds the most hit. Traders take a breath while awaiting further developments, with the ECB stating it currently has no plans to consider emergency purchases of French bonds. On the monetary policy front, the ECB delivered a widely anticipated interest rate cut in June, lowering its deposit rate by 25 basis points after keeping it at a record 4% for nine months, while simultaneously raising its inflation projections for 2024 and 2025.