Market Performance - European stock markets showed mixed results with the Euro Stoxx 50 index declining by 0.25% [1] - The UK FTSE 100 index increased by 0.18% [1] - The French CAC 40 index fell by 0.50% [1] - The German DAX 30 index decreased by 0.23% [1]

Group 1 - European stock markets experienced a broad increase, with the Euro Stoxx 50 index rising by 1.01% [1] - The UK FTSE 100 index saw a modest gain of 0.17% [1] - The French CAC 40 index increased by 0.66% [1] - The German DAX 30 index rose by 0.57% [1] - The Italian FTSE MIB index gained 0.55% [1]

每经AI快讯，8月1日，欧股跌幅继续扩大，欧洲斯托克50指数跌2.68%，法国CAC40指数日内大跌 2.9%，德国DAX指数跌2.57%，意大利富时MIB指数跌2.61%。 ...

智通财经8月1日电，欧股跌幅继续扩大，欧洲斯托克50指数跌2.68%，法国CAC40指数日内大跌2.9%， 德国DAX指数跌2.57%，意大利富时MIB指数跌2.61%。 ...

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].

智通财经7月25日电，欧股主要股指集体低开，欧洲斯托克50指数下跌0.48%；德国DAX30指数下跌 0.81%；英国富时100指数下跌0.15%；法国CAC40指数下跌0.48%。 ...

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]

智通财经7月24日电，欧股主要股指集体高开，欧洲斯托克50指数上涨0.91%；德国DAX30指数上涨 1%；英国富时100指数上涨0.46%；法国CAC40指数上涨0.94%。 ...

金十数据7月24日讯，欧股开盘普涨，德国DAX指数涨1%，法国CAC40指数涨0.9%，欧洲斯托克50指 数涨0.9%，意大利富时MIB指数涨0.7%。 欧股开盘 主要股指高开 ...

Equity Market - Deutsche Bank's July Macroeconomic Observations cover US and European stock markets [1] Fiscal & Bond Market - The report includes observations on US and European fiscal and bond markets [1]