在法兰克福，DAX指数周二下跌403点，跌幅2.07%。亏损最多的是拜耳（-15.21%）、布伦塔格（-8.11%）和巴斯夫（-4.33%）。

In Frankfurt, the DAX Index fell 403 points or 2.07 percent on Tuesday. Leading the losses are Bayer (-15.21%), Brenntag (-8.11%) and BASF (-4.33%).

2024年9月，德国的经常账户盈余从上个月的171亿欧元扩大到226亿欧元。商品盈余从185亿欧元增至196亿欧元，服务赤字从107亿欧元降至74亿欧元。此外，次级收入缺口从50亿欧元缩小到40亿欧元。与此同时，主要收入盈余保持不变，为143亿欧元。考虑到今年的九个月，经常账户盈余从2023年同期的1719亿欧元扩大到1979亿欧元。

Germany's current account surplus widened to EUR 22.6 billion in September 2024 from EUR 17.1 billion in the previous month. The goods surplus increased to EUR 19.6 billion from EUR 18.5 billion and the services deficit fell to EUR 7.4 billion from EUR 10.7 billion. Also, the secondary income shortfall narrowed to EUR 4 billion from EUR 5 billion. Meanwhile, the primary income surplus was unchanged at EUR 14.3 billion. Considering the nine months of the year, the current account surplus widened to EUR 197.9 billion from EUR 171.9 billion in the same period of 2023.

10年期德国国债收益率跌至2.3%，自11月7日触及2.45%的三个月高点以来大幅回落，与美国债务市场的发展形成鲜明对比，因为经济放缓的迹象加强了人们对欧洲央行更温和回应的押注。11月，ZEW衡量的国内投资者士气下降幅度远超预期，这与德国经济可能很快获得重大推动力的希望背道而驰。这增加了欧元区最大成员国一批疲软的采购经理人指数数据，巩固了人们的预期，即随着通货膨胀放缓，欧洲央行将在下个月再次下调主要利率25个基点，以适应较弱的消费者。在政治方面，有报道称，在朔尔茨总理解雇该国财政部长以打破目前的联盟后，德国议员同意在2月提前举行选举。

The yield on the 10-year German Bund fell to 2.3%, retreating sharply since hitting the three-month high of 2.45% on November 7th to mark a sharp contrast with developments in US debt markets as signs of a slowing economy strengthened bets of a sharper dovish response by the European Central Bank. Domestic investor morale measured by ZEW fell much more than expected in November to push back against hopes that the German economy could gain significant traction soon. This added to a batch of weak PMI data for the largest members of the Eurozone, consolidating expectations that the ECB is due to deliver another 25bps reduction in its main interest rates next month to accommodate for weaker consumers as inflation slows. On the political front, reports indicated that German lawmakers agreed to hold an early election in February after Chancellor Scholz fired the country’s Finance Minister to break the current coalition.

2024年11月，德国ZEW经济情绪指数从10月的13.1降至7.4，远低于13的预测，这受到唐纳德·特朗普获胜和德国政府联盟崩溃的影响。对当前经济形势的评估也有所恶化，当前状况指标从-86.9降至-91.4，而预测为-85.9。ZEW总裁Achim Wambach教授表示：“在目前的调查中，经济情绪有所下降，而美国总统大选的结果可能是主要原因。对美国的经济预期明显上升，而对中国和欧元区的经济情绪下降，这一事实支持了这一观点。尽管如此，在过去的调查中听到了更乐观的声音，预计德国的经济前景将随着大选的临近而改善。总体而言，我们目前观察到的是经济预期的非常动态的发展。”。

The ZEW Indicator of Economic Sentiment for Germany fell to 7.4 in November 2024 from 13.1 in October, and well below forecasts of 13, weighed down by Donald Trump’s victory and the collapse of the German government coalition. The assessment of the current economic situation also deteriorated, with the current conditions gauge declining to -91.4 from -86.9, compared to forecasts of -85.9. "In the current survey, economic sentiment has declined - and the outcome of the US presidential election is likely to be the main reason for this. The fact that economic expectations for the US are clearly rising, while economic sentiment for China and the eurozone is falling, supports this view. Still, more optimistic voices were heard in the last survey days, expecting economic prospects for Germany to improve with snap elections on the horizon. Overall, what we’re currently observing is a very dynamic development of economic expectations,” according to ZEW President Professor Achim Wambach.