德国10年期政府债券收益率升至2.32%的4周高点。过去4周，德国10年期债券收益率上涨11.80个基点，过去12个月上涨34.25个基点。

Germany 10 Year Government Bond Yield increased to a 4-week high of 2.32%. Over the past 4 weeks, Germany 10Y Bond Yield gained 11.80 basis points, and in the last 12 months, it increased 34.25 basis points.

周一，DAX指数在19890点附近几乎没有变化，这是大约四周来的最低水平，反映了欧洲同行的谨慎情绪，尽管预计假期期间交易量将保持疲软。与此同时，投资者仍然关注疲软的经济前景以及欧洲央行将继续收紧货币政策的可能性。欧洲央行行长克里斯蒂娜·拉加德周一表示，欧元区“非常接近”实现央行的中期通胀目标。在企业方面，大众汽车的股价表现最差，即使在汽车制造商及其工会达成协议后，股价仍下跌了约2.8%。考虑到2024年全年，尽管面临经济挑战和国内政治担忧，德国基准股指仍有望上涨约19%。这一优势源于其以全球为重点的公司受益于国际收入流和欧元疲软，这提高了出口竞争力。

The DAX traded little changed around the 19,890 level on Monday, the lowest in about four weeks, tracking a cautious mood among its European peers, although trading is expected to remain thin during the holiday period. Meanwhile, investors remain focused on the subdued economic outlook and the possibility that the ECB will continue to tighten monetary policy. ECB President Christine Lagarde commented on Monday that the Eurozone is "very close" to achieving the central bank's medium-term inflation target. On the corporate front, shares of VW were the worst performers, falling about 2.8% even after the carmaker and its unions agreed on a deal. Considering the full 2024 year, the benchmark stock index in Germany is on track to gain about 19%, despite economic challenges and domestic political concerns. This strength stems from its globally focused companies benefiting from international revenue streams and the weaker euro, which boosts export competitiveness.

2024年11月，德国进口价格同比上涨0.6%，高于上月0.8%的跌幅，这是自8月以来的首次上涨。能源价格大幅下跌（10月份为-8.2%对-14.1%），其中原油（-11.6%）、矿物油产品（-10.9%）、柴油和取暖油（-17.4%）、汽油（-14.6%）和天然气（-5.1%）的跌幅显著。另一方面，消费品（3.4%对2.1%）、中间产品（1.1%对0.2%）和资本品（0.1%对持平）的价格上涨。不包括能源，进口成本比2023年11月高1.7%。每月，进口价格上涨0.9%，轻松超过市场预期的0.3%，预示着连续第二个月的增长。这也是自2023年9月以来最大的月度增长。

German import prices increased by 0.6% year-on-year in November 2024, shifting from a 0.8% drop in the previous month and marking the first rise since August. Energy prices declined much softer (-8.2% vs -14.1% in October), with notable decreases in crude oil (-11.6%), mineral oil products (-10.9%), diesel fuels and heating oil (-17.4%), petrol (-14.6%), and natural gas (-5.1%). On the other hand, prices rose for consumer goods (3.4% vs 2.1%), intermediate goods (1.1% vs 0.2%), and capital goods (0.1% vs flat reading). Excluding energy, import costs were 1.7% higher compared to November 2023. Monthly, import prices went up by 0.9%, easily exceeding market estimates of 0.3% and pointing to the second successive month of growth. It also represented the steepest monthly increase since September 2023.

11月德国进口价格指数（MoM）比预期（0.3%）高0.9%。11月德国进口价格指数（MoM）比预期（0.3%）高0.9%

Germany Import Price Index (MoM) registered at 0.9% above expectations (0.3%) in November.Germany Import Price Index (MoM) registered at 0.9% above expectations (0.3%) in November