周末法国爆发的大规模抗议活动对欧洲市场造成严重冲击，引发主要股指广泛抛售。
Massive protests in France over the weekend hit European markets hard, triggering a broad sell-off across major indexes.
德国DAX 40指数在当地时间下午4点下跌1.36%，报25,274点，因市场对邻国法国日益增长的示威活动作出反应，法国正经历近年来最严重的政治动荡之一。
Germany’s DAX 40 dropped 1.36% to 25,274 points at 4 pm local time as markets responded to the growing demonstrations in neighboring France, which is seeing some of its most serious political unrest in recent years.
法国基准CAC 40指数同一时间下跌1.56%，报7,832点。
France’s benchmark CAC 40 traded down 1.56% at 7,832 points at the same time.
货币市场也反映出金融部门的焦虑，欧元对美元贬值0.12%，报1.1230美元。
Currency markets also reflected the financial sector’s anxiety as the euro depreciated by 0.12% against the US dollar to $1.1230.
欧元区以外，英国富时100指数同一时间下跌1.29%，报10,741.51点。
Beyond the eurozone, the UK’s FTSE 100 fell 1.29% to 10,741.51 points at the same time.
作为欧洲政治气候变化高度敏感的国家之一，意大利的富时MIB 30指数大幅下跌1.77%，报48,970.4点。
As one of the countries whose markets are highly sensitive to shifts in the European political climate, Italy saw its FTSE MIB 30 drop sharply by 1.77% to 48,970.4 points.
由于法国的事件，政府债券承受巨大压力，这也加剧了2027年总统大选前的政治不确定性。
Government bonds came under intense pressure due to the events in France, which have also heightened political uncertainty ahead of the 2027 presidential election.
主要金融机构受到冲击，领先银行法国巴黎银行、法国兴业银行和法国农业信贷银行的股价下跌幅度在2%至2.5%之间。
Major financial institutions suffered, with shares of leading banks BNP Paribas, Societe Generale and Credit Agricole dropping between 2% and 2.5%.
保险业也受到影响，法国最大的保险集团AXA SA股价下跌近2%，跌至每股42.2欧元（47.4美元）。冲击波也蔓延至西班牙，由于下月将举行提前大选，其IBEX 35指数下跌1.8%，报18,978点。
The insurance sector was also hit as France’s largest insurance group, AXA SA, lost nearly 2% in value, dropping to €42.2 ($47.4) per The wave was also felt in Spain, where upcoming snap elections next month contributed to a 1.8% drop in its IBEX 35, bringing it down to 18,978.
国防公司和主要银行机构成为欧洲受冲击最严重的群体之一，因为投资者采取了谨慎态度。
Defense firms and major banking institutions were among the most affected groups across the continent, as investors took a cautious stance.
所有目光都转向本周晚些时候的跨国公司财报，包括SAP、巴克莱和诺基亚。
All eyes turned to the earnings reports later this week from multinational corporations, including SAP, Barclays and Nokia.
ING集团外汇策略师弗朗切斯科·佩索莱近期表示，法国持续的抗议活动将继续对当地企业股票造成压力，并限制欧元对美元的潜在反弹。
Francesco Pesole, a foreign exchange strategist at ING Group, recently said the sustained protests in France will continue pressuring local corporate stocks and limit the euro’s potential rebound against the US dollar.
虽然汇率在隔夜跌破1.120，但欧元/美元汇率今晨出现轻微回升的迹象。
While the exchange rate dipped below 1.120 overnight, the euro/dollar parity showed signs of a slight recovery this morning.
佩索莱指出，欧元相对于美元目前被低估了1.3%至1.5%，这与法国的财政风险仍牢牢留在市场中相吻合，进一步体现在法国和德国10年期国债收益率差维持在约140个基点的水平。投资者将关注周二将要公布的德国ZEW经济景气数据。
Pesole noted that the euro is currently undervalued against the US dollar by 1.3%-1.5%, which aligns with France’s fiscal risks remaining firmly in the market, further reflected in the French-German 10-year government bond yield spread hovering around 140 basis points. Investors will be on the lookout for Germany’s ZEW economic sentiment data to be released on Tuesday.