<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>歐洲股指期貨在 5 月 18 日大幅下跌，因地緣政治緊張局勢和債券收益率上升。FTSE 100 指數期貨下跌 1.71%，而 DAX 指數和 CAC 40 指數均回落超過 1%。廣泛的 Stoxx 50 指數期貨下跌超過 1.3%。</p>
<h2>在地緣政治風險上升的背景下，FTSE 100、DAX、CAC 40 和 Stoxx 指數下跌</h2>
<p>歐洲股指期貨在週一回落，延續了上週以來的趨勢。Stoxx 50 指數期貨回落至€5,746，DAX 下跌 1.15% 至€23,670。同樣，CAC 40 期貨下跌 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>歐洲股指下跌 | 來源：TradingEconomics</em></p>
<p>由於對全球經濟的擔憂持續，歐洲期貨回落，特朗普總統警告稱他可能不得不重新啓動對伊朗施壓的戰爭。此外，美國已經在該地區集結了數千名軍隊，分析師預測，隨着他結束中國之行，攻擊將是迫在眉睫的。</p>
<p>美國與中國之間的重新衝突將對歐洲經濟產生重大影響。首先，這將推高原油價格。布倫特原油，全球基準，已上漲至$111，而西德克薩斯中質油上漲至$109。</p>
<p>衝突將導致價格上漲，因為伊朗警告稱將加大對中東能源基礎設施的攻擊，包括沙特阿拉伯的管道。它還將在該地區利用其軍事力量封鎖紅海，12% 的全球石油運輸經過此地。</p>
<h2>通貨膨脹和債券收益率飆升</h2>
<p>由於對通貨膨脹將繼續上升的擔憂，推動歐洲央行加息，歐洲股市也在下滑，地方債券收益率飆升。</p>
<p>數據顯示，十年期債券收益率躍升至 3.17%，為 2011 年 5 月以來的最高水平。同樣，在法國，十年期收益率從疫情低點的-0.60% 上升至 3.99%。在意大利，收益率已躍升至 3.95%，而在西班牙，收益率躍升至 3.62%。</p>
<p>分析師預測，歐洲的通貨膨脹將在今年繼續飆升。最新數據顯示，整體 CPI 從 3 月的 2.6% 上升至 4 月的 3%。因此，歐洲央行暗示將在 4 月的會議上加息。</p>
<h2>英國政治形勢惡化</h2>
<p>FTSE 100 指數是表現最差的歐洲指數，因為人們對英國變得無法治理的擔憂加劇。基爾·斯塔默在 2024 年帶領工黨取得重大勝利，現在正面臨失去議席的邊緣。</p>
<p>主要挑戰在於，英國在過去十年中已經有四位首相。這使得首相職位變得不那麼吸引人，因為下一個首相也很可能無法完成任期。</p>
<p>企業更傾向於政治穩定的局面，而這在英國已變得稀缺。這也解釋了為什麼英鎊/美元匯率今年的崩潰程度超過其他貨幣。</p>
<p>本文首發於 Invezz，標題為《DAX、CAC 40、FTSE 100 和 Stoxx 50 指數崩潰的原因》</p>

歐洲斯托克 50 指數 ETF - SPDR

德國 DAX 指數 ETF - GlobalX

英鎊 做多 - CurrencyShares

<p>歐洲股票指數期貨因地緣政治緊張局勢加劇和債券收益率上升而暴跌。富時 100 指數下跌 1.71%，而 DAX 和 CAC 40 指數均下跌超過 1%。對通貨膨脹的擔憂以及歐洲央行可能加息的預期也在加劇這一下跌。此外，英國的政治不穩定使情況更加惡化，導致英鎊/美元匯率大幅下跌</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>歐洲股指期貨在 5 月 18 日大幅下跌，因地緣政治緊張局勢和債券收益率上升。FTSE 100 指數期貨下跌 1.71%，而 DAX 指數和 CAC 40 指數均回落超過 1%。廣泛的 Stoxx 50 指數期貨下跌超過 1.3%。</p>
</div><h2>FTSE 100, DAX, CAC 40, and Stoxx drop amid rising geopolitical risks</h2>
<div class="lb-trans"><h2>在地緣政治風險上升的背景下，FTSE 100、DAX、CAC 40 和 Stoxx 指數下跌</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>歐洲股指期貨在週一回落，延續了上週以來的趨勢。Stoxx 50 指數期貨回落至€5,746，DAX 下跌 1.15% 至€23,670。同樣，CAC 40 期貨下跌 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>歐洲股指下跌 | 來源：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>由於對全球經濟的擔憂持續，歐洲期貨回落，特朗普總統警告稱他可能不得不重新啓動對伊朗施壓的戰爭。此外，美國已經在該地區集結了數千名軍隊，分析師預測，隨着他結束中國之行，攻擊將是迫在眉睫的。</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>美國與中國之間的重新衝突將對歐洲經濟產生重大影響。首先，這將推高原油價格。布倫特原油，全球基準，已上漲至$111，而西德克薩斯中質油上漲至$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>衝突將導致價格上漲，因為伊朗警告稱將加大對中東能源基礎設施的攻擊，包括沙特阿拉伯的管道。它還將在該地區利用其軍事力量封鎖紅海，12% 的全球石油運輸經過此地。</p>
</div><h2>Soaring inflation and bond yields</h2>
<div class="lb-trans"><h2>通貨膨脹和債券收益率飆升</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>由於對通貨膨脹將繼續上升的擔憂，推動歐洲央行加息，歐洲股市也在下滑，地方債券收益率飆升。</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>數據顯示，十年期債券收益率躍升至 3.17%，為 2011 年 5 月以來的最高水平。同樣，在法國，十年期收益率從疫情低點的-0.60% 上升至 3.99%。在意大利，收益率已躍升至 3.95%，而在西班牙，收益率躍升至 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>分析師預測，歐洲的通貨膨脹將在今年繼續飆升。最新數據顯示，整體 CPI 從 3 月的 2.6% 上升至 4 月的 3%。因此，歐洲央行暗示將在 4 月的會議上加息。</p>
</div><h2>UK political conditions are worsening</h2>
<div class="lb-trans"><h2>英國政治形勢惡化</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 指數是表現最差的歐洲指數，因為人們對英國變得無法治理的擔憂加劇。基爾·斯塔默在 2024 年帶領工黨取得重大勝利，現在正面臨失去議席的邊緣。</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>主要挑戰在於，英國在過去十年中已經有四位首相。這使得首相職位變得不那麼吸引人，因為下一個首相也很可能無法完成任期。</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>企業更傾向於政治穩定的局面，而這在英國已變得稀缺。這也解釋了為什麼英鎊/美元匯率今年的崩潰程度超過其他貨幣。</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>本文首發於 Invezz，標題為《DAX、CAC 40、FTSE 100 和 Stoxx 50 指數崩潰的原因》</p>
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以下是導致 DAX、CAC 40、FTSE 100 和 Stoxx 50 指數暴跌的原因