<p>（有关美国、英国和欧洲股市的路透社实时博客，请点击（LIVE/）或在新闻窗口中输入（LIVE/）。）</p>
<p>奢侈品股票领跌本周行业</p>
<p>在经纪公司升级评级后，汉莎航空股价创两年新高</p>
<p>瑞银股价创 17 年新高，瑞士立法者提出资本妥协方案</p>
<p>（欧洲市场收盘后的更新）</p>
<p>作者：Ragini Mathur 和 Purvi Agarwal</p>
<p>12 月 12 日（路透社）-</p>
<p>由于对潜在人工智能泡沫的担忧重新浮现，欧洲股市在周五放弃早期涨幅，收盘走低，抹去了本周因对美国联邦储备委员会降息的乐观情绪而获得的早期涨幅。</p>
<p>泛欧 STOXX 600 指数（.STOXX）收盘下跌 0.53%，在经历了两周多以来最大单日涨幅的前一天。该指数本周持平。</p>
<p>主要地区股指也收于红色，英国富时 100 指数（.FTSE）下跌 0.5%，德国 DAX 指数（.GDAXI）下跌 0.34%。</p>
<p>由于博通（AVGO.O）对利润率的警告加剧了对人工智能驱动的反弹和该行业雄心勃勃的支出可行性的担忧，市场情绪趋于风险厌恶——这些担忧最初是由甲骨文（ORCL.N）在周三晚间发布的令人失望的预测引发的。</p>
<p>瑞士信贷银行的高级市场分析师 Ipek Ozkardeskaya 表示：“我们今天看到的是对科技股的明显失去兴趣。” 她补充说，欧洲相对较小的损失是由于其对科技股的暴露较少。</p>
<p>与人工智能相关的地区股票如 ASML（ASML.AS）和施耐德电气（SCHN.PA）分别下跌 5% 和 4.2%。华尔街主要指数大幅下跌，以科技股为主的纳斯达克指数（.IXIC）下滑超过 2%。</p>
<p>“市场情绪正从对错失机会的恐惧转向对人工智能反弹的恐惧，再到对泡沫的恐惧。”</p>
<p>在欧洲，基础资源板块（.SXPP）在周五领跌，下降 1.3%，更广泛的风险厌恶情绪蔓延至以商品为重点的资产。铜价下跌超过 3%。</p>
<p>银行股（.SX7P）也受到打击，下跌约 1.3%，此前连续四天上涨。不过，该指数仍是本周表现最好的板块之一，上涨 2.2%。</p>
<p>瑞银（UBSG.S）上涨 2.5%，创下 17 年多来的新高，此前瑞士立法者提出了一项妥协方案，以确保该银行在国际上保持竞争力的新资本规则。</p>
<p>STOXX 当天的损失有效地抹去了本周早些时候因周三备受期待的美联储降息而获得的显著涨幅，伴随的政策展望声明被广泛视为不那么鹰派。</p>
<p>AJ Bell 的投资分析师 Daniel Coatsworth 表示：“市场非常关注 2026 年……任何迹象表明企业和消费者更有信心借款——这自然是金融行业的良好背景。”</p>
<p>投资者还倾向于认为白宫经济顾问 Kevin Hassett 将成为下一任美联储主席，这一情景可能导致明年更多的降息。</p>
<p>保险股（.SXIP）本周也上涨 2.2%。旅游和休闲股票（.SXTP）本周表现优于同行，上涨 2.5%，周五上涨 1.3%，受益于汉莎航空（LHAG.DE），该股在 Kepler Chevroux 将其评级从 “持有” 上调至 “买入” 后上涨 4.7%。</p>
<p>地区奢侈品指数（.STXLUXP）是本周表现最差的板块，下跌 3.2%，部分原因是谷歌宣布推出人工智能驱动的眼镜，这对雷朋制造商 EssilorLuxottica（ESLX.PA）造成了压力。</p>
<p>在其他个股中，零售商阿迪达斯（ADSGn.DE）和彪马（PUMG.DE）分别上涨 2% 和 2.5%，此前美国同行 Lululemon Athletica（LULU.O）上调了年度利润预测。</p>
<p>Wendel（MWDP.PA）上涨 4.8%，因该私募股权公司计划在 2030 年前向股东返还超过 16 亿欧元（19 亿美元）。</p>
<p>下周，市场将关注欧洲中央银行今年最后一次利率决策，此前政策制定者 Isabel Schnabel 周一的鹰派言论为加息打开了大门，暗示可能与美联储的做法出现分歧。（$1 = 0.8521 欧元）</p>

阿斯麦

<p>欧洲股市在周五下跌，抹去了本周早些时候的涨幅，原因是对人工智能泡沫的担忧。STOXX 600 指数收盘下跌 0.53%，主要交易所也均出现下跌。科技股，包括阿斯麦和施耐德电气，均出现显著下滑。瑞银股价创下 17 年来的新高，而汉莎航空在一项经纪公司升级评级后上涨。投资者现在正关注欧洲中央银行即将做出的利率决策</p>

<p>(For a Reuters live blog on U.S., UK and European stock markets, click (LIVE/) or type (LIVE/) in a news window.)</p>
<div class="lb-trans"><p>（有关美国、英国和欧洲股市的路透社实时博客，请点击（LIVE/）或在新闻窗口中输入（LIVE/）。）</p>
</div><p>Luxury stocks lead weekly sector losses</p>
<div class="lb-trans"><p>奢侈品股票领跌本周行业</p>
</div><p>Lufthansa shares at 2-yr high after broker upgrade</p>
<div class="lb-trans"><p>在经纪公司升级评级后，汉莎航空股价创两年新高</p>
</div><p>UBS hits 17-year high as Swiss lawmakers pitch capital compromise</p>
<div class="lb-trans"><p>瑞银股价创 17 年新高，瑞士立法者提出资本妥协方案</p>
</div><p>(Updates after European markets close)</p>
<div class="lb-trans"><p>（欧洲市场收盘后的更新）</p>
</div><p>By Ragini Mathur and Purvi Agarwal</p>
<div class="lb-trans"><p>作者：Ragini Mathur 和 Purvi Agarwal</p>
</div><p>Dec 12 (Reuters) -</p>
<div class="lb-trans"><p>12 月 12 日（路透社）-</p>
</div><p>European shares gave up early gains to end lower on Friday, influenced by Wall Street due to renewed concerns over a potential AI bubble, erasing the week’s earlier advance on optimism over the U.S. Federal Reserve’s interest rate cut.</p>
<div class="lb-trans"><p>由于对潜在人工智能泡沫的担忧重新浮现，欧洲股市在周五放弃早期涨幅，收盘走低，抹去了本周因对美国联邦储备委员会降息的乐观情绪而获得的早期涨幅。</p>
</div><p>The pan-European STOXX 600 (.STOXX) was 0.53% lower at close, a day after logging its biggest one-day jump in more than two weeks. For the week, the index was flat.</p>
<div class="lb-trans"><p>泛欧 STOXX 600 指数（.STOXX）收盘下跌 0.53%，在经历了两周多以来最大单日涨幅的前一天。该指数本周持平。</p>
</div><p>Major regional bourses also closed in the red, with Britain’s FTSE 100 (.FTSE) down 0.5% and Germany’s DAX (.GDAXI) 0.34% lower.</p>
<div class="lb-trans"><p>主要地区股指也收于红色，英国富时 100 指数（.FTSE）下跌 0.5%，德国 DAX 指数（.GDAXI）下跌 0.34%。</p>
</div><p>A risk-averse sentiment gripped markets after Broadcom’s (AVGO.O) profit margin warning aggravated worries about the viability of the AI-fueled rally and ambitious spending in the sector - concerns that were initially sparked by Oracle’s (ORCL.N) disappointing forecast late Wednesday.</p>
<div class="lb-trans"><p>由于博通（AVGO.O）对利润率的警告加剧了对人工智能驱动的反弹和该行业雄心勃勃的支出可行性的担忧，市场情绪趋于风险厌恶——这些担忧最初是由甲骨文（ORCL.N）在周三晚间发布的令人失望的预测引发的。</p>
</div><p>“What we see today is a very clear loss of appetite for technology stocks,” said Ipek Ozkardeskaya, senior market analyst at Swissquote Bank, adding that the relatively smaller losses in Europe are due to its more limited exposure to tech.</p>
<div class="lb-trans"><p>瑞士信贷银行的高级市场分析师 Ipek Ozkardeskaya 表示：“我们今天看到的是对科技股的明显失去兴趣。” 她补充说，欧洲相对较小的损失是由于其对科技股的暴露较少。</p>
</div><p>Regional AI-exposed stocks such as ASML (ASML.AS) and Schneider Electric (SCHN.PA) fell 5% and 4.2%, respectively. Wall Street’s main indexes fell sharply, with tech-heavy Nasdaq (.IXIC) sliding more than 2%.</p>
<div class="lb-trans"><p>与人工智能相关的地区股票如 ASML（ASML.AS）和施耐德电气（SCHN.PA）分别下跌 5% 和 4.2%。华尔街主要指数大幅下跌，以科技股为主的纳斯达克指数（.IXIC）下滑超过 2%。</p>
</div><p>“The sentiment right in the market is pretty much moving from the fear of missing out to the AI rally toward the fear of a bubble.”</p>
<div class="lb-trans"><p>“市场情绪正从对错失机会的恐惧转向对人工智能反弹的恐惧，再到对泡沫的恐惧。”</p>
</div><p>In Europe, Basic Resources (.SXPP) led sectoral losses on Friday, down 1.3%, with a broader risk-off mood spilling over to commodity-focussed assets. Copper prices dropped more than 3%.</p>
<div class="lb-trans"><p>在欧洲，基础资源板块（.SXPP）在周五领跌，下降 1.3%，更广泛的风险厌恶情绪蔓延至以商品为重点的资产。铜价下跌超过 3%。</p>
</div><p>Banks (.SX7P) were also bruised, down about 1.3%, after four straight days of gains. Still, the index was among the top performer for the week, rising 2.2%.</p>
<div class="lb-trans"><p>银行股（.SX7P）也受到打击，下跌约 1.3%，此前连续四天上涨。不过，该指数仍是本周表现最好的板块之一，上涨 2.2%。</p>
</div><p>UBS (UBSG.S) rose 2.5% to hit a more than 17-year high after Swiss lawmakers floated a compromise on new capital rules for the bank to ensure it remains internationally competitive.</p>
<div class="lb-trans"><p>瑞银（UBSG.S）上涨 2.5%，创下 17 年多来的新高，此前瑞士立法者提出了一项妥协方案，以确保该银行在国际上保持竞争力的新资本规则。</p>
</div><p>The day’s losses on the STOXX effectively erased the notable gains made earlier in the week due to the much-anticipated Fed rate cut on Wednesday, accompanied by a policy outlook statement that was widely viewed as less hawkish.</p>
<div class="lb-trans"><p>STOXX 当天的损失有效地抹去了本周早些时候因周三备受期待的美联储降息而获得的显著涨幅，伴随的政策展望声明被广泛视为不那么鹰派。</p>
</div><p>“Markets are very much looking at 2026 … any sign that businesses and consumers feel more confident to borrow money - naturally that’s a good backdrop for the financial sector,” Daniel Coatsworth, investment analyst at AJ Bell, said.</p>
<div class="lb-trans"><p>AJ Bell 的投资分析师 Daniel Coatsworth 表示：“市场非常关注 2026 年……任何迹象表明企业和消费者更有信心借款——这自然是金融行业的良好背景。”</p>
</div><p>Investors also favour a likelihood of White House economic adviser Kevin Hassett becoming the next Fed chair, a scenario that could lead to more cuts next year.</p>
<div class="lb-trans"><p>投资者还倾向于认为白宫经济顾问 Kevin Hassett 将成为下一任美联储主席，这一情景可能导致明年更多的降息。</p>
</div><p>Insurers (.SXIP) also jumped 2.2% for the week. Travel and leisure stocks (.SXTP) outperformed their peers this week by climbing 2.5% and rose 1.3% on Friday, boosted by Lufthansa (LHAG.DE) , which advanced 4.7% after Kepler Chevroux upgraded the carrier’s stock to ‘buy’ from ‘hold’.</p>
<div class="lb-trans"><p>保险股（.SXIP）本周也上涨 2.2%。旅游和休闲股票（.SXTP）本周表现优于同行，上涨 2.5%，周五上涨 1.3%，受益于汉莎航空（LHAG.DE），该股在 Kepler Chevroux 将其评级从 “持有” 上调至 “买入” 后上涨 4.7%。</p>
</div><p>The region-wide luxury index (.STXLUXP) was the worst performer of the week, down 3.2%, with stocks hit in part by Google’s announcement of artificial intelligence-enabled glasses, which weighed on Ray-Ban maker EssilorLuxottica (ESLX.PA) .</p>
<div class="lb-trans"><p>地区奢侈品指数（.STXLUXP）是本周表现最差的板块，下跌 3.2%，部分原因是谷歌宣布推出人工智能驱动的眼镜，这对雷朋制造商 EssilorLuxottica（ESLX.PA）造成了压力。</p>
</div><p>Among other movers, retailers Adidas (ADSGn.DE) and Puma (PUMG.DE) gained 2% and 2.5%, respectively, after U.S. peer Lululemon Athletica (LULU.O) raised its annual profit forecast.</p>
<div class="lb-trans"><p>在其他个股中，零售商阿迪达斯（ADSGn.DE）和彪马（PUMG.DE）分别上涨 2% 和 2.5%，此前美国同行 Lululemon Athletica（LULU.O）上调了年度利润预测。</p>
</div><p>Wendel (MWDP.PA) was up 4.8% on the private equity firm’s plans to return more than 1.6 billion euros ($1.9 billion) to shareholders by 2030.</p>
<div class="lb-trans"><p>Wendel（MWDP.PA）上涨 4.8%，因该私募股权公司计划在 2030 年前向股东返还超过 16 亿欧元（19 亿美元）。</p>
</div><p>Next week, attention will shift to the European Central Bank’s final rate decision of the year, after hawkish comments from policymaker Isabel Schnabel on Monday opened the door to a rate hike as the next move, signalling a possible divergence from the Fed’s approach. ($1 = 0.8521 euros)</p>
<div class="lb-trans"><p>下周，市场将关注欧洲中央银行今年最后一次利率决策，此前政策制定者 Isabel Schnabel 周一的鹰派言论为加息打开了大门，暗示可能与美联储的做法出现分歧。（$1 = 0.8521 欧元）</p>
</div>

由于 AI 相关的紧张情绪，STOXX 600 指数下跌，抹去了本周初的涨幅