(本文来自第一财经) 英国富时100指数涨0.56%，法国CAC40指数涨1.14%，德国DAX30指数涨1.23%，欧洲斯托克50指数涨 1.52%。 ...

Group 1 - European stock markets experienced significant declines, with the Euro Stoxx 50 index falling by 2.68% [1] - The French CAC 40 index saw a notable drop of 2.9% during the trading day [1] - The German DAX index decreased by 2.57%, while the Italian FTSE MIB index fell by 2.61% [1]

Core Viewpoint - European stock markets experienced significant declines, with major indices showing substantial drops in value [1] Group 1: Market Performance - The Euro Stoxx 50 index fell by 2.68% [1] - The French CAC 40 index saw a sharp decline of 2.9% during the trading day [1] - The German DAX index decreased by 2.57% [1] - The Italian FTSE MIB index dropped by 2.61% [1]

Group 1 - European stock markets experienced significant declines, with the Euro Stoxx 50 index falling nearly 2% [1] - The German DAX index also saw a decline of nearly 2% [1] - The UK FTSE 100 index decreased by 0.6%, while the French CAC 40 index dropped over 2% [1]

【欧股集体低开，欧洲斯托克50指数跌1%】欧洲斯托克50指数开盘跌1%，德国DAX指数跌1.1%，英国 富时100指数跌0.5%，法国CAC 40指数跌0.8%。 ...

Market Performance - The Euro Stoxx 50 index opened down by 1% [1] - The German DAX index decreased by 1.1% [1] - The UK FTSE 100 index fell by 0.5% [1] - The French CAC 40 index declined by 0.8% [1]

Core Viewpoint - The European stock market has priced in too much optimism, and Bank of America predicts a potential decline of about 10% for the Stoxx 600 index, with cyclical stocks possibly dropping around 15% compared to defensive stocks [1][7]. Group 1: Market Performance - Despite a previous period of optimism, the relative performance of European stocks against the MSCI global index has largely reversed since mid-March [2][3]. - From December 2024 to March 2025, the Stoxx 600 index outperformed the MSCI global index by nearly 15% due to a shift in market sentiment and expectations regarding fiscal stimulus in Germany [2][3]. Group 2: Economic Factors - The market had overly high expectations for European economic recovery in March, which did not materialize as anticipated, leading to a correction in stock prices [4]. - The nominal effective exchange rate of the euro has increased by approximately 7.5% since February, negatively impacting the earnings of export-oriented European companies and lowering stock valuations by 8-9% [5]. - The resurgence of growth stocks in the U.S. has diminished the attractiveness of European value stocks, which have historically outperformed growth stocks in Europe [6]. Group 3: Future Outlook - Bank of America has downgraded its rating on European stocks from "overweight" to "neutral," citing that the current valuations have already factored in too many positive developments, limiting the potential for further gains [7]. - The forecast for the eurozone indicates nearly zero growth by the second half of 2025, which poses systemic risks to global growth, particularly affecting export-driven economies like Europe [7].

Group 1 - European stock indices opened lower, with the Euro Stoxx 50 index down by 0.48% [1] - The German DAX 30 index decreased by 0.81% [1] - The UK FTSE 100 index fell by 0.15% [1] - The French CAC 40 index declined by 0.48% [1]

Group 1 - European stock markets opened lower, with the German DAX index down by 0.7% [1] - The French CAC40 index decreased by 0.4% [1] - The Euro Stoxx 50 index fell by 0.45% [1]

Group 1 - European stock indices opened higher, with the Euro Stoxx 50 index rising by 0.91% [1] - The DAX 30 index in Germany increased by 1% [1] - The FTSE 100 index in the UK saw an increase of 0.46% [1] - The CAC 40 index in France rose by 0.94% [1]