<p>（有關美國、英國和歐洲股市的路透社實時博客，請點擊（LIVE/）或在新聞窗口中輸入（LIVE/）。）</p>
<p>奢侈品股票領跌本週行業</p>
<p>在經紀公司升級評級後，漢莎航空股價創兩年新高</p>
<p>瑞銀股價創 17 年新高，瑞士立法者提出資本妥協方案</p>
<p>（歐洲市場收盤後的更新）</p>
<p>作者：Ragini Mathur 和 Purvi Agarwal</p>
<p>12 月 12 日（路透社）-</p>
<p>由於對潛在人工智能泡沫的擔憂重新浮現，歐洲股市在週五放棄早期漲幅，收盤走低，抹去了本週因對美國聯邦儲備委員會降息的樂觀情緒而獲得的早期漲幅。</p>
<p>泛歐 STOXX 600 指數（.STOXX）收盤下跌 0.53%，在經歷了兩週多以來最大單日漲幅的前一天。該指數本週持平。</p>
<p>主要地區股指也收於紅色，英國富時 100 指數（.FTSE）下跌 0.5%，德國 DAX 指數（.GDAXI）下跌 0.34%。</p>
<p>由於博通（AVGO.O）對利潤率的警告加劇了對人工智能驅動的反彈和該行業雄心勃勃的支出可行性的擔憂，市場情緒趨於風險厭惡——這些擔憂最初是由甲骨文（ORCL.N）在週三晚間發佈的令人失望的預測引發的。</p>
<p>瑞士信貸銀行的高級市場分析師 Ipek Ozkardeskaya 表示：“我們今天看到的是對科技股的明顯失去興趣。” 她補充説，歐洲相對較小的損失是由於其對科技股的暴露較少。</p>
<p>與人工智能相關的地區股票如 ASML（ASML.AS）和施耐德電氣（SCHN.PA）分別下跌 5% 和 4.2%。華爾街主要指數大幅下跌，以科技股為主的納斯達克指數（.IXIC）下滑超過 2%。</p>
<p>“市場情緒正從對錯失機會的恐懼轉向對人工智能反彈的恐懼，再到對泡沫的恐懼。”</p>
<p>在歐洲，基礎資源板塊（.SXPP）在週五領跌，下降 1.3%，更廣泛的風險厭惡情緒蔓延至以商品為重點的資產。銅價下跌超過 3%。</p>
<p>銀行股（.SX7P）也受到打擊，下跌約 1.3%，此前連續四天上漲。不過，該指數仍是本週表現最好的板塊之一，上漲 2.2%。</p>
<p>瑞銀（UBSG.S）上漲 2.5%，創下 17 年多來的新高，此前瑞士立法者提出了一項妥協方案，以確保該銀行在國際上保持競爭力的新資本規則。</p>
<p>STOXX 當天的損失有效地抹去了本週早些時候因週三備受期待的美聯儲降息而獲得的顯著漲幅，伴隨的政策展望聲明被廣泛視為不那麼鷹派。</p>
<p>AJ Bell 的投資分析師 Daniel Coatsworth 表示：“市場非常關注 2026 年……任何跡象表明企業和消費者更有信心借款——這自然是金融行業的良好背景。”</p>
<p>投資者還傾向於認為白宮經濟顧問 Kevin Hassett 將成為下一任美聯儲主席，這一情景可能導致明年更多的降息。</p>
<p>保險股（.SXIP）本週也上漲 2.2%。旅遊和休閒股票（.SXTP）本週表現優於同行，上漲 2.5%，週五上漲 1.3%，受益於漢莎航空（LHAG.DE），該股在 Kepler Chevroux 將其評級從 “持有” 上調至 “買入” 後上漲 4.7%。</p>
<p>地區奢侈品指數（.STXLUXP）是本週表現最差的板塊，下跌 3.2%，部分原因是谷歌宣佈推出人工智能驅動的眼鏡，這對雷朋製造商 EssilorLuxottica（ESLX.PA）造成了壓力。</p>
<p>在其他個股中，零售商阿迪達斯（ADSGn.DE）和彪馬（PUMG.DE）分別上漲 2% 和 2.5%，此前美國同行 Lululemon Athletica（LULU.O）上調了年度利潤預測。</p>
<p>Wendel（MWDP.PA）上漲 4.8%，因該私募股權公司計劃在 2030 年前向股東返還超過 16 億歐元（19 億美元）。</p>
<p>下週，市場將關注歐洲中央銀行今年最後一次利率決策，此前政策制定者 Isabel Schnabel 週一的鷹派言論為加息打開了大門，暗示可能與美聯儲的做法出現分歧。（$1 = 0.8521 歐元）</p>

阿斯麥

<p>歐洲股市在週五下跌，抹去了本週早些時候的漲幅，原因是對人工智能泡沫的擔憂。STOXX 600 指數收盤下跌 0.53%，主要交易所也均出現下跌。科技股，包括阿斯麥和施耐德電氣，均出現顯著下滑。瑞銀股價創下 17 年來的新高，而漢莎航空在一項經紀公司升級評級後上漲。投資者現在正關注歐洲中央銀行即將做出的利率決策</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>（有關美國、英國和歐洲股市的路透社實時博客，請點擊（LIVE/）或在新聞窗口中輸入（LIVE/）。）</p>
</div><p>Luxury stocks lead weekly sector losses</p>
<div class="lb-trans"><p>奢侈品股票領跌本週行業</p>
</div><p>Lufthansa shares at 2-yr high after broker upgrade</p>
<div class="lb-trans"><p>在經紀公司升級評級後，漢莎航空股價創兩年新高</p>
</div><p>UBS hits 17-year high as Swiss lawmakers pitch capital compromise</p>
<div class="lb-trans"><p>瑞銀股價創 17 年新高，瑞士立法者提出資本妥協方案</p>
</div><p>(Updates after European markets close)</p>
<div class="lb-trans"><p>（歐洲市場收盤後的更新）</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>由於對潛在人工智能泡沫的擔憂重新浮現，歐洲股市在週五放棄早期漲幅，收盤走低，抹去了本週因對美國聯邦儲備委員會降息的樂觀情緒而獲得的早期漲幅。</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>泛歐 STOXX 600 指數（.STOXX）收盤下跌 0.53%，在經歷了兩週多以來最大單日漲幅的前一天。該指數本週持平。</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>主要地區股指也收於紅色，英國富時 100 指數（.FTSE）下跌 0.5%，德國 DAX 指數（.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>由於博通（AVGO.O）對利潤率的警告加劇了對人工智能驅動的反彈和該行業雄心勃勃的支出可行性的擔憂，市場情緒趨於風險厭惡——這些擔憂最初是由甲骨文（ORCL.N）在週三晚間發佈的令人失望的預測引發的。</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>瑞士信貸銀行的高級市場分析師 Ipek Ozkardeskaya 表示：“我們今天看到的是對科技股的明顯失去興趣。” 她補充説，歐洲相對較小的損失是由於其對科技股的暴露較少。</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>與人工智能相關的地區股票如 ASML（ASML.AS）和施耐德電氣（SCHN.PA）分別下跌 5% 和 4.2%。華爾街主要指數大幅下跌，以科技股為主的納斯達克指數（.IXIC）下滑超過 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>“市場情緒正從對錯失機會的恐懼轉向對人工智能反彈的恐懼，再到對泡沫的恐懼。”</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>在歐洲，基礎資源板塊（.SXPP）在週五領跌，下降 1.3%，更廣泛的風險厭惡情緒蔓延至以商品為重點的資產。銅價下跌超過 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>銀行股（.SX7P）也受到打擊，下跌約 1.3%，此前連續四天上漲。不過，該指數仍是本週表現最好的板塊之一，上漲 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>瑞銀（UBSG.S）上漲 2.5%，創下 17 年多來的新高，此前瑞士立法者提出了一項妥協方案，以確保該銀行在國際上保持競爭力的新資本規則。</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 當天的損失有效地抹去了本週早些時候因週三備受期待的美聯儲降息而獲得的顯著漲幅，伴隨的政策展望聲明被廣泛視為不那麼鷹派。</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 的投資分析師 Daniel Coatsworth 表示：“市場非常關注 2026 年……任何跡象表明企業和消費者更有信心借款——這自然是金融行業的良好背景。”</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>投資者還傾向於認為白宮經濟顧問 Kevin Hassett 將成為下一任美聯儲主席，這一情景可能導致明年更多的降息。</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>保險股（.SXIP）本週也上漲 2.2%。旅遊和休閒股票（.SXTP）本週表現優於同行，上漲 2.5%，週五上漲 1.3%，受益於漢莎航空（LHAG.DE），該股在 Kepler Chevroux 將其評級從 “持有” 上調至 “買入” 後上漲 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>地區奢侈品指數（.STXLUXP）是本週表現最差的板塊，下跌 3.2%，部分原因是谷歌宣佈推出人工智能驅動的眼鏡，這對雷朋製造商 EssilorLuxottica（ESLX.PA）造成了壓力。</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>在其他個股中，零售商阿迪達斯（ADSGn.DE）和彪馬（PUMG.DE）分別上漲 2% 和 2.5%，此前美國同行 Lululemon Athletica（LULU.O）上調了年度利潤預測。</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）上漲 4.8%，因該私募股權公司計劃在 2030 年前向股東返還超過 16 億歐元（19 億美元）。</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>下週，市場將關注歐洲中央銀行今年最後一次利率決策，此前政策制定者 Isabel Schnabel 週一的鷹派言論為加息打開了大門，暗示可能與美聯儲的做法出現分歧。（$1 = 0.8521 歐元）</p>
</div>

由於 AI 相關的緊張情緒，STOXX 600 指數下跌，抹去了本週初的漲幅