<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/germany.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/germany.png"/></p>
<p>欧洲股指期货在 5 月 18 日大幅下跌，因地缘政治紧张局势和债券收益率上升。FTSE 100 指数期货下跌 1.71%，而 DAX 指数和 CAC 40 指数均回落超过 1%。广泛的 Stoxx 50 指数期货下跌超过 1.3%。</p>
<h2>在地缘政治风险上升的背景下，FTSE 100、DAX、CAC 40 和 Stoxx 指数下跌</h2>
<p>欧洲股指期货在周一回落，延续了上周以来的趋势。Stoxx 50 指数期货回落至€5,746，DAX 下跌 1.15% 至€23,670。同样，CAC 40 期货下跌 1.17% 至€7,860，而意大利的 FTSE MIB 下跌 0.85% 至€48,680。</p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/European-Stock-Indices.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/European-Stock-Indices.png"/></p>
<p><em>欧洲股指下跌 | 来源：TradingEconomics</em></p>
<p>由于对全球经济的担忧持续，欧洲期货回落，特朗普总统警告称他可能不得不重新启动对伊朗施压的战争。此外，美国已经在该地区集结了数千名军队，分析师预测，随着他结束中国之行，攻击将是迫在眉睫的。</p>
<p>美国与中国之间的重新冲突将对欧洲经济产生重大影响。首先，这将推高原油价格。布伦特原油，全球基准，已上涨至$111，而西德克萨斯中质油上涨至$109。</p>
<p>冲突将导致价格上涨，因为伊朗警告称将加大对中东能源基础设施的攻击，包括沙特阿拉伯的管道。它还将在该地区利用其军事力量封锁红海，12% 的全球石油运输经过此地。</p>
<h2>通货膨胀和债券收益率飙升</h2>
<p>由于对通货膨胀将继续上升的担忧，推动欧洲央行加息，欧洲股市也在下滑，地方债券收益率飙升。</p>
<p>数据显示，十年期债券收益率跃升至 3.17%，为 2011 年 5 月以来的最高水平。同样，在法国，十年期收益率从疫情低点的-0.60% 上升至 3.99%。在意大利，收益率已跃升至 3.95%，而在西班牙，收益率跃升至 3.62%。</p>
<p>分析师预测，欧洲的通货膨胀将在今年继续飙升。最新数据显示，整体 CPI 从 3 月的 2.6% 上升至 4 月的 3%。因此，欧洲央行暗示将在 4 月的会议上加息。</p>
<h2>英国政治形势恶化</h2>
<p>FTSE 100 指数是表现最差的欧洲指数，因为人们对英国变得无法治理的担忧加剧。基尔·斯塔默在 2024 年带领工党取得重大胜利，现在正面临失去议席的边缘。</p>
<p>主要挑战在于，英国在过去十年中已经有四位首相。这使得首相职位变得不那么吸引人，因为下一个首相也很可能无法完成任期。</p>
<p>企业更倾向于政治稳定的局面，而这在英国已变得稀缺。这也解释了为什么英镑/美元汇率今年的崩溃程度超过其他货币。</p>
<p>本文首发于 Invezz，标题为《DAX、CAC 40、FTSE 100 和 Stoxx 50 指数崩溃的原因》</p>

欧洲斯托克 50 指数 ETF - SPDR

德国 DAX 指数 ETF - GlobalX

英镑 做多 - CurrencyShares

<p>欧洲股票指数期货因地缘政治紧张局势加剧和债券收益率上升而暴跌。富时 100 指数下跌 1.71%，而 DAX 和 CAC 40 指数均下跌超过 1%。对通货膨胀的担忧以及欧洲央行可能加息的预期也在加剧这一下跌。此外，英国的政治不稳定使情况更加恶化，导致英镑/美元汇率大幅下跌</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/germany.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/germany.png"/></p>
<p>European stock index futures are diving today, May 18, as geopolitical tensions and bond yields jump. The FTSE 100 Index futures dropped by 1.71%, while the DAX Index and CAC 40 retreated by over 1%. The broad Stoxx 50 Index futures fell by over 1.3%.</p>
<div class="lb-trans"><p>欧洲股指期货在 5 月 18 日大幅下跌，因地缘政治紧张局势和债券收益率上升。FTSE 100 指数期货下跌 1.71%，而 DAX 指数和 CAC 40 指数均回落超过 1%。广泛的 Stoxx 50 指数期货下跌超过 1.3%。</p>
</div><h2>FTSE 100, DAX, CAC 40, and Stoxx drop amid rising geopolitical risks</h2>
<div class="lb-trans"><h2>在地缘政治风险上升的背景下，FTSE 100、DAX、CAC 40 和 Stoxx 指数下跌</h2>
</div><p>European stock futures pulled back on Monday, continuing a trend that has been going on since last week. The Stoxx 50 Index futures retreated to €5,746, while the DAX fell by 1.15% to €23,670. Similarly, the CAC 40 futures fell by 1.17% to €7,860, while Italy’s FTSE MIB fell by 0.85% to €48,680.</p>
<div class="lb-trans"><p>欧洲股指期货在周一回落，延续了上周以来的趋势。Stoxx 50 指数期货回落至€5,746，DAX 下跌 1.15% 至€23,670。同样，CAC 40 期货下跌 1.17% 至€7,860，而意大利的 FTSE MIB 下跌 0.85% 至€48,680。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/European-Stock-Indices.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/European-Stock-Indices.png"/></p>
<p><em>European stock indices are falling | Source: TradingEconomics</em></p>
<div class="lb-trans"><p><em>欧洲股指下跌 | 来源：TradingEconomics</em></p>
</div><p>European futures retreated as concerns about the global economy continued, with President Donald Trump warning that he may have to restart his war to push Iran to make a deal. Besides, the US has already gathered thousands of troops in the region, and analysts predict that the attack will be imminent now that his China trip has ended.</p>
<div class="lb-trans"><p>由于对全球经济的担忧持续，欧洲期货回落，特朗普总统警告称他可能不得不重新启动对伊朗施压的战争。此外，美国已经在该地区集结了数千名军队，分析师预测，随着他结束中国之行，攻击将是迫在眉睫的。</p>
</div><p>Renewed strikes between the US and China would have a major impact on the European economy. For one, it would push crude oil prices higher. Brent, the global benchmark, has jumped to $111, while the West Texas Intermediate rising to $109.</p>
<div class="lb-trans"><p>美国与中国之间的重新冲突将对欧洲经济产生重大影响。首先，这将推高原油价格。布伦特原油，全球基准，已上涨至$111，而西德克萨斯中质油上涨至$109。</p>
</div><p>A strike would lead to higher prices as Iran has warned that it would intensify its attacks against Middle East energy infrastructure, including the Saudi Arabian pipeline. It would also use its military might in the region to shut the Red Sea, where 12% of the world’s oil transit.</p>
<div class="lb-trans"><p>冲突将导致价格上涨，因为伊朗警告称将加大对中东能源基础设施的攻击，包括沙特阿拉伯的管道。它还将在该地区利用其军事力量封锁红海，12% 的全球石油运输经过此地。</p>
</div><h2>Soaring inflation and bond yields</h2>
<div class="lb-trans"><h2>通货膨胀和债券收益率飙升</h2>
</div><p>European stocks are also slipping as local bond yields jump amid fears that inflation will continue rising, pushing the ECB to hike interest rates.</p>
<div class="lb-trans"><p>由于对通货膨胀将继续上升的担忧，推动欧洲央行加息，欧洲股市也在下滑，地方债券收益率飙升。</p>
</div><p>Data shows that the ten-year bond yields jumped to 3.17%, its highest level since May 2011. Similarly, in France, the ten-year rose to 3.99% from the pandemic low of minus 0.60%. In Italy, the yield has jumped to 3.95%, while in Spain, it jumped to 3.62%.</p>
<div class="lb-trans"><p>数据显示，十年期债券收益率跃升至 3.17%，为 2011 年 5 月以来的最高水平。同样，在法国，十年期收益率从疫情低点的-0.60% 上升至 3.99%。在意大利，收益率已跃升至 3.95%，而在西班牙，收益率跃升至 3.62%。</p>
</div><p>Analysts predict that European inflation will continue soaring this year. The most recent data showed that the headline CPI rose from 2.6% in March to 3% in April. As a result, the European Central Bank hinted that it will hike rates in the April meeting.</p>
<div class="lb-trans"><p>分析师预测，欧洲的通货膨胀将在今年继续飙升。最新数据显示，整体 CPI 从 3 月的 2.6% 上升至 4 月的 3%。因此，欧洲央行暗示将在 4 月的会议上加息。</p>
</div><h2>UK political conditions are worsening</h2>
<div class="lb-trans"><h2>英国政治形势恶化</h2>
</div><p>The FTSE 100 Index is the worst-performing European index because there are rising concerns that the UK is becoming ungovernable. Keir Starmer, who led the Labor Party to a big victory in 2024, is now on the verge of losing his seat.</p>
<div class="lb-trans"><p>FTSE 100 指数是表现最差的欧洲指数，因为人们对英国变得无法治理的担忧加剧。基尔·斯塔默在 2024 年带领工党取得重大胜利，现在正面临失去议席的边缘。</p>
</div><p>The main challenge is that the UK has now had four prime ministers in the last decade. This has made the premiership role less attractive as the next one too will likely not finish his term.</p>
<div class="lb-trans"><p>主要挑战在于，英国在过去十年中已经有四位首相。这使得首相职位变得不那么吸引人，因为下一个首相也很可能无法完成任期。</p>
</div><p>Businesses prefer a situation where there is political stability, something that has become rare in the UK. This also explains why the GBP/USD pair has collapsed harder than other currencies this year.</p>
<div class="lb-trans"><p>企业更倾向于政治稳定的局面，而这在英国已变得稀缺。这也解释了为什么英镑/美元汇率今年的崩溃程度超过其他货币。</p>
</div><p>The post Here’s why DAX, CAC 40, FTSE 100, and Stoxx 50 indices are crashing appeared first on Invezz</p>
<div class="lb-trans"><p>本文首发于 Invezz，标题为《DAX、CAC 40、FTSE 100 和 Stoxx 50 指数崩溃的原因》</p>
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以下是导致 DAX、CAC 40、FTSE 100 和 Stoxx 50 指数暴跌的原因