<p>要點：</p>
<ul>
<li>挪威和瑞典的中央銀行維持利率不變</li>
<li>巴黎機場在監管機構拒絕提案後股價下跌</li>
<li>經紀公司升級後，合理性有所提升</li>
</ul>
<p>作者：Ragini Mathur 和 Purvi Agarwal</p>
<p>週四，歐洲股市整體表現平淡，醫療保健和金融類股的下跌限制了更廣泛的漲幅，投資者在歐洲中央銀行的政策公告和美國通脹數據公佈前保持謹慎。</p>
<p>截至格林威治時間 0932，泛歐 STOXX 600 指數上漲 0.2%，報 580.77 點。主要地區股市普遍上漲，德國 DAX 指數上漲 0.1%。</p>
<p>在倫敦，FTSE 100 指數在英格蘭銀行的利率決策前上漲 0.1%，市場普遍預計將下調 25 個基點。由於週三英國通脹意外下降，市場押注有所加大。</p>
<p>投資者在等待 11 月份美國通脹報告之前未敢大舉下注，該報告可能會為美聯儲的貨幣政策走向提供明確指引，此前本週早些時候的就業數據未能顯著改變市場預期。</p>
<p>在市場上，零售股票 (.SXRP) 上漲 1.2%，預算時尚巨頭 H&amp;M 上漲 2.3%。雀巢和聯合利華等消費巨頭也有所上漲。</p>
<p>能源 (.SXEP) 股票上漲 0.4%，油價持續上漲。BP 在任命澳大利亞 Woodside Energy 的首席執行官 Meg O'Neill 後小幅上漲。</p>
<p>醫療保健股票 (.SXDP) 下跌 0.1%，重磅股諾和諾德和阿斯利康各下跌約 0.5%。</p>
<p>本月表現最佳的銀行 (.SX7P) 下跌 0.2%。</p>
<p>歐洲中央銀行的貨幣政策會議備受關注，市場普遍預計將維持利率不變。投資者對該行的前瞻性指引保持高度關注，特別是在董事會成員 Isabel Schnabel 最近暗示可能加息之後。</p>
<p>“下次加息並非不可能……但聽到政策制定者對他們的寬鬆過程基本完成有如此程度的信心，確實很有趣，” Netwealth 的首席投資策略師 Iain Barnes 表示。</p>
<p>“面對美聯儲及其新任主席即將到來的情況，歐洲中央銀行只是向市場提供了更清晰的指引。”</p>
<p>美國總統唐納德·特朗普計劃很快宣佈下一任美聯儲主席的人選，他在週三表示，這將是 “一個非常相信大幅降低利率的人”。</p>
<p>瑞典 (.OMXSPI) 和挪威的股指在各自中央銀行維持利率不變後持平。</p>
<p>在其他動態中，機場運營商巴黎機場的股價下跌 8.2%，跌至 STOXX 600 的底部，此前法國交通監管機構 ART 拒絕了其 2026 年的收費提案。</p>
<p>廚房電器製造商 Rational AG 上漲 4.2%，成為 STOXX 600 的主要漲幅股之一，此前瑞銀將該股評級從 “中性” 上調至 “買入”。</p>

<p>歐洲股市基本保持不變，投資者在歐洲中央銀行政策公告和美國通脹數據發佈前保持謹慎。STOXX 600 指數小幅上漲，各行業表現參差不齊。零售和能源股票上漲，而醫療保健和金融股下跌。預計歐洲央行將維持利率不變，市場關注其前瞻性指引。同時，挪威和瑞典的中央銀行也維持了利率。主要動態包括巴黎機場在監管決定後下跌，以及 Rational AG 在經紀公司升級評級後上漲</p>

<p>Key points:</p>
<div class="lb-trans"><p>要點：</p>
</div><ul>
<li>Central banks in Norway, Sweden hold rates</li>
<li>Aeroports de Paris falls after regulator rejects proposal</li>
<li>Rationale advances after brokerage upgrade</li>
</ul>
<div class="lb-trans"><ul>
<li>挪威和瑞典的中央銀行維持利率不變</li>
<li>巴黎機場在監管機構拒絕提案後股價下跌</li>
<li>經紀公司升級後，合理性有所提升</li>
</ul>
</div><p>By Ragini Mathur and Purvi Agarwal</p>
<div class="lb-trans"><p>作者：Ragini Mathur 和 Purvi Agarwal</p>
</div><p>European shares were largely muted on Thursday as declines in heavyweight healthcare and financials limited broader gains and investors stayed cautious ahead of the European Central Bank's policy announcement and U.S. inflation data.</p>
<div class="lb-trans"><p>週四，歐洲股市整體表現平淡，醫療保健和金融類股的下跌限制了更廣泛的漲幅，投資者在歐洲中央銀行的政策公告和美國通脹數據公佈前保持謹慎。</p>
</div><p>The pan-European STOXX 600  was up 0.2% at 580.77 as of 0932 GMT. Major regional bourses were broadly higher, with Germany's DAX  up 0.1%.</p>
<div class="lb-trans"><p>截至格林威治時間 0932，泛歐 STOXX 600 指數上漲 0.2%，報 580.77 點。主要地區股市普遍上漲，德國 DAX 指數上漲 0.1%。</p>
</div><p>In London, the FTSE 100 CURRENCYCOM:UK100 gained 0.1% ahead of the Bank of England's rate decision, where markets widely expect a 25-basis-point cut. Bets were amplified after Wednesday's surprising drop in UK inflation.</p>
<div class="lb-trans"><p>在倫敦，FTSE 100 指數在英格蘭銀行的利率決策前上漲 0.1%，市場普遍預計將下調 25 個基點。由於週三英國通脹意外下降，市場押注有所加大。</p>
</div><p>Investors refrained from placing big bets ahead of the U.S. inflation report for November, which could provide clarity on the Fed's monetary policy trajectory, after employment data earlier this week failed to shift market expectations significantly.</p>
<div class="lb-trans"><p>投資者在等待 11 月份美國通脹報告之前未敢大舉下注，該報告可能會為美聯儲的貨幣政策走向提供明確指引，此前本週早些時候的就業數據未能顯著改變市場預期。</p>
</div><p>In the market, retail stocks (.SXRP) rose 1.2%, with budget fashion giant H&amp;M  up 2.3%. Consumer giants such as Nestle  and Unilever  also gained.</p>
<div class="lb-trans"><p>在市場上，零售股票 (.SXRP) 上漲 1.2%，預算時尚巨頭 H&amp;M 上漲 2.3%。雀巢和聯合利華等消費巨頭也有所上漲。</p>
</div><p>Energy (.SXEP) shares were up 0.4%, as oil prices continued to rise. BP  gained marginally after it appointed Meg O'Neill, the head of Australia's Woodside Energy , as its next CEO.</p>
<div class="lb-trans"><p>能源 (.SXEP) 股票上漲 0.4%，油價持續上漲。BP 在任命澳大利亞 Woodside Energy 的首席執行官 Meg O'Neill 後小幅上漲。</p>
</div><p>Healthcare shares (.SXDP) slipped 0.1%, as heavyweights Novo Nordisk  and AstraZeneca  declined about 0.5% each.</p>
<div class="lb-trans"><p>醫療保健股票 (.SXDP) 下跌 0.1%，重磅股諾和諾德和阿斯利康各下跌約 0.5%。</p>
</div><p>Banks (.SX7P), among the biggest gainers this month, were down 0.2%.</p>
<div class="lb-trans"><p>本月表現最佳的銀行 (.SX7P) 下跌 0.2%。</p>
</div><p>The ECB's monetary policy meeting, in which it is widely expected to hold rates, is also on the radar. Investors remain keenly focused on the bank's forward guidance, particularly after board member Isabel Schnabel recently hinted at potential rate hikes.</p>
<div class="lb-trans"><p>歐洲中央銀行的貨幣政策會議備受關注，市場普遍預計將維持利率不變。投資者對該行的前瞻性指引保持高度關注，特別是在董事會成員 Isabel Schnabel 最近暗示可能加息之後。</p>
</div><p>&#34;It's not unimaginable for the next interest rate to be up... But it's interesting to hear policymakers have that sort of level of confidence that they think that their easing process is largely done,&#34; said Iain Barnes, chief investment strategist at Netwealth.</p>
<div class="lb-trans"><p>“下次加息並非不可能……但聽到政策制定者對他們的寬鬆過程基本完成有如此程度的信心，確實很有趣，” Netwealth 的首席投資策略師 Iain Barnes 表示。</p>
</div><p>&#34;In the face of everything that's going on with the Fed and its incoming chair, it's just the ECB giving more clear guidance to the market.&#34;</p>
<div class="lb-trans"><p>“面對美聯儲及其新任主席即將到來的情況，歐洲中央銀行只是向市場提供了更清晰的指引。”</p>
</div><p>U.S. President Donald Trump, scheduled to announce his pick for the next Fed chair soon, said on Wednesday that it would be &#34;someone who believes in lower interest rates by a lot&#34;.</p>
<div class="lb-trans"><p>美國總統唐納德·特朗普計劃很快宣佈下一任美聯儲主席的人選，他在週三表示，這將是 “一個非常相信大幅降低利率的人”。</p>
</div><p>Equity indexes in Sweden (.OMXSPI) and Norway  were flat after their central banks kept interest rates on hold.</p>
<div class="lb-trans"><p>瑞典 (.OMXSPI) 和挪威的股指在各自中央銀行維持利率不變後持平。</p>
</div><p>Among other movers, airport operator Aeroports de Paris  fell 8.2% to the bottom of STOXX 600 after the French transport regulator, ART, rejected its 2026 tariff proposal.</p>
<div class="lb-trans"><p>在其他動態中，機場運營商巴黎機場的股價下跌 8.2%，跌至 STOXX 600 的底部，此前法國交通監管機構 ART 拒絕了其 2026 年的收費提案。</p>
</div><p>Kitchen appliances maker Rational AG  rose 4.2%, among top gainers on STOXX 600, after UBS upgraded the stock to &#34;buy&#34; from &#34;neutral&#34;.</p>
<div class="lb-trans"><p>廚房電器製造商 Rational AG 上漲 4.2%，成為 STOXX 600 的主要漲幅股之一，此前瑞銀將該股評級從 “中性” 上調至 “買入”。</p>
</div>

歐洲股市表現平淡，投資者在等待美國數據和歐洲央行決策時保持謹慎