<p>汤姆·韦斯特布鲁克对欧洲和全球市场的前瞻</p><p>在几周内购买美国与中国缓和关系的传闻后，市场对两国首席贸易官将在周末于日内瓦会面的消息反应平淡。</p><p>这一切听起来都很初步。美国财政部长斯科特·贝森特在接受福克斯新闻采访时表示，周六的会议将讨论谈论的内容。</p><p>“我感觉这将是关于缓和的，” 他说。但中国方面则持谨慎态度，在声明中引用了一句谚语。</p><p>“有句古老的中国谚语：听其言，观其行……如果（美国）说一套做一套，或者试图利用谈判作为继续施压和勒索的掩护，中国是绝不会同意的。”</p><p>尽管如此，这仍然提振了美国期货，并在亚洲交易日中保持了大部分涨幅，而香港股市则大幅上涨。(MKTS/GLOB)</p><p>中国还提到降息的可能性，并扩大了将保险资金引入股市的渠道——这让投资者感到振奋，尽管有些心不在焉，因为他们所渴望的财政支出仍然缺失。</p><p>这一举动填补了美联储会议前的等待时光，预计不会有政策变化，但市场将试图评估决策者对就业和通胀的敏感性。</p><p>由于周五的数据表明，劳动力市场目前仍在支撑，市场削减了对未来加息的预期。</p><p>印度卢比（INR=ID）对美元略微贬值，因为印度与巴基斯坦之间爆发了二十多年来最严重的冲突。</p><p>在经历了几天对美元大幅上涨后，亚洲货币有所回落。</p><p>今天欧洲将公布大部分二线数据，尽管医疗保健跨国公司 Fresenius（FREG.DE）和制药公司 Novo Nordisk（NOVOb.CO）将发布财报。</p><p>可能影响周三市场的关键发展：</p><p>-美国联邦储备会议 想要跟上最新的关税新闻吗？我们的新每日新闻摘要提供影响全球贸易的市场动态头条。请在此注册关税观察。</p><p>亚洲货币获得提振</p><figure class="image"><img src="https://pub.pbkrs.com/uploads/2025/14f35d0390d763d0a4b0dbdff9dbb826?x-oss-process=style/lg" alt="" width="1420" height="1098" original-src="https://pub.pbkrs.com/uploads/2025/14f35d0390d763d0a4b0dbdff9dbb826"/></figure><p>（编辑：穆拉利库马尔·阿南达拉曼）</p>

<p>美国和中国的贸易官员将在日内瓦会晤，但达成协议的期望仍然较低。美国财政部长斯科特·贝森特表示，此次会议将重点关注缓和局势，而中国则表示谨慎，警告不要施加压力。尽管如此，美国期货上涨，香港股市也有所上涨。中国暗示可能会降息并投资股市，但财政支出仍然不足。市场预计美联储会议将召开，但预计不会有政策变化。同时，印度卢比在与巴基斯坦的紧张局势升级中走弱</p>

<p>A look at the day ahead in European and global markets from Tom Westbrook</p>
<div class="lb-trans"><p>汤姆·韦斯特布鲁克对欧洲和全球市场的前瞻</p>
</div><p>After a few weeks buying the rumour of U.S.-China de-escalation, markets gave a lukewarm welcome to news that the countries’ top trade officials will meet in Geneva at the weekend.</p>
<div class="lb-trans"><p>在几周内购买美国与中国缓和关系的传闻后，市场对两国首席贸易官将在周末于日内瓦会面的消息反应平淡。</p>
</div><p>It all sounds very preliminary. U.S. Treasury Secretary Scott Bessent told Fox News that Saturday’s meeting would be about working out what to talk about.</p>
<div class="lb-trans"><p>这一切听起来都很初步。美国财政部长斯科特·贝森特在接受福克斯新闻采访时表示，周六的会议将讨论谈论的内容。</p>
</div><p>“My sense is this will be about de-escalation,” he said. But the Chinese side was guarded, citing a proverb in its statement.</p>
<div class="lb-trans"><p>“我感觉这将是关于缓和的，” 他说。但中国方面则持谨慎态度，在声明中引用了一句谚语。</p>
</div><p>“There is an old Chinese saying: Listen to what is said, and watch what is done…if (the U.S.) says one thing but then does another, or attempts to use talks as a cover to continue coercion and blackmail, China will never agree.”</p>
<div class="lb-trans"><p>“有句古老的中国谚语：听其言，观其行……如果（美国）说一套做一套，或者试图利用谈判作为继续施压和勒索的掩护，中国是绝不会同意的。”</p>
</div><p>Still, it lifted U.S. futures and they held most of their gains through the Asia day, while Hong Kong stocks jumped. (MKTS/GLOB)</p>
<div class="lb-trans"><p>尽管如此，这仍然提振了美国期货，并在亚洲交易日中保持了大部分涨幅，而香港股市则大幅上涨。(MKTS/GLOB)</p>
</div><p>China also flagged interest rate cuts and expanded a channel for directing insurers’ money into the stock market - cheered by investors, although a bit half-heartedly, because the fiscal spending they so desire is still absent.</p>
<div class="lb-trans"><p>中国还提到降息的可能性，并扩大了将保险资金引入股市的渠道——这让投资者感到振奋，尽管有些心不在焉，因为他们所渴望的财政支出仍然缺失。</p>
</div><p>The action filled in the waiting hours before the Federal Reserve meeting, where no policy change is expected but markets will be trying to gauge policymakers’ sensitivity to jobs and inflation.</p>
<div class="lb-trans"><p>这一举动填补了美联储会议前的等待时光，预计不会有政策变化，但市场将试图评估决策者对就业和通胀的敏感性。</p>
</div><p>Markets pared back expectations of future hikes as data on Friday showed the labor market, for now, is holding up.</p>
<div class="lb-trans"><p>由于周五的数据表明，劳动力市场目前仍在支撑，市场削减了对未来加息的预期。</p>
</div><p>India’s rupee (INR=ID) weakened slightly on the dollar as the worst fighting in more than two decades erupted between India and Pakistan.</p>
<div class="lb-trans"><p>印度卢比（INR=ID）对美元略微贬值，因为印度与巴基斯坦之间爆发了二十多年来最严重的冲突。</p>
</div><p>Asian currencies eased after a few sessions of surging against the U.S. dollar.</p>
<div class="lb-trans"><p>在经历了几天对美元大幅上涨后，亚洲货币有所回落。</p>
</div><p>Mostly second-tier data is due in Europe through the day, though there are earnings out at healthcare multinational Fresenius (FREG.DE) and drugmaker Novo Nordisk (NOVOb.CO) .</p>
<div class="lb-trans"><p>今天欧洲将公布大部分二线数据，尽管医疗保健跨国公司 Fresenius（FREG.DE）和制药公司 Novo Nordisk（NOVOb.CO）将发布财报。</p>
</div><p>Key developments that could influence markets on Wednesday:</p>
<div class="lb-trans"><p>可能影响周三市场的关键发展：</p>
</div><p>-US Federal Reserve meeting Trying to keep up with the latest tariff news? Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here.</p>
<div class="lb-trans"><p>-美国联邦储备会议 想要跟上最新的关税新闻吗？我们的新每日新闻摘要提供影响全球贸易的市场动态头条。请在此注册关税观察。</p>
</div><p>Asian currencies get a boost</p>
<div class="lb-trans"><p>亚洲货币获得提振</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://reut.rs/44kEfTr" alt="" original-src="https://reut.rs/44kEfTr"/></p>
<p>(Editing by Muralikumar Anantharaman)</p>
<div class="lb-trans"><p>（编辑：穆拉利库马尔·阿南达拉曼）</p>
</div>

US, China move towards trade talks, but a deal seems distant

- 美中贸易官员将在日内瓦会面，市场反应平淡。  
- 中国对美方态度谨慎，强调言行一致的重要性。  
- 印度卢比因印巴冲突小幅贬值，亚洲货币普遍回落。  

美中正在迈向贸易谈判，但达成协议似乎仍遥不可及