德国1月制造业PMI预览44.1，预期42.7。制造业采购经理人指数44.1，而预期为42.7，之前为42.5。服务业采购经理人指数为52.5，而预期为51.0，之前为51.2。

Germany January flash manufacturing PMI 44.1 vs 42.7 expected.Manufacturing PMI 44.1 vs 42.7 expected and 42.5 prior. Services PMI 52.5 vs 51.0 expected and 51.2 prior.

在法兰克福，DAX指数周四上涨157点，涨幅0.74%。涨幅最大的是西门子能源（6.27%）、费森尤斯医疗（4.91%）和Zalando（4.77%）。跌幅最大的是彪马（-22.43%）、侨根汽车（-2.88%）和宝马（-0.95%）。

In Frankfurt, the DAX Index went up by 157 points or 0.74 percent on Thursday. Top gainers were Siemens Energy (6.27%), Fresenius Medical Care (4.91%) and Zalando (4.77%). Biggest losses came from Puma (-22.43%), Qiagen NV (-2.88%) and BMW (-0.95%).

周四，DAX指数收于21418点，上涨约0.8%，创下历史新高，标志着连续第八个交易日上涨，表现优于欧洲同行。投资者仍然关注美国新政府的政策举措，并评估了大西洋两岸的企业收益。唐纳德·特朗普总统在达沃斯重申了他早些时候关于减税、对贸易伙伴征收关税和增加能源生产的承诺，同时敦促美联储和其他主要央行降低利率。在企业方面，西门子能源和Zalando表现突出，分别上涨6.8%和5.4%。相反，彪马股价暴跌约20%，此前这家德国运动品牌公布第四季度销售额低于预期，年利润下降，未能实现2024年的利润目标。

The DAX closed about 0.8% higher at 21,418 on Thursday, a new record high, marking the eighth consecutive sessions of advances and outperforming its European peers. Investors remained attentive to policy moves by the new US administration and assessed corporate earnings on both sides of the Atlantic. The President Donald Trump reaffirmed in Davos his earlier promises of tax cuts, tariffs on trading partners, and increased energy production, while also urging the Fed and other major central banks to lower interest rates. On the corporate side, Siemens Energy and Zalando stood out, rising 6.8% and 5.4%, respectively. Conversely, Puma shares plunged around 20% after the German sportswear brand reported lower than expected fourth-quarter sales and a decline in annual profit, missing its profit target for 2024.

周四，DAX指数在创下一系列历史新高后接近21250点，交易员密切关注特朗普新政府的发展，同时评估北京方面的最新监管行动。与此同时，企业盈利表现喜忧参半。在国内商业新闻中，彪马股价暴跌超过14%，此前这家德国运动服装品牌公布第四季度销售额低于预期，年利润下降，未能实现2024年的利润目标。与此同时，所有人的目光都将集中在唐纳德·特朗普总统稍后在世界经济论坛上的预期演讲上，尤其是在他最近对中国和欧盟发出关税威胁，以及他正在推动对俄罗斯实施更多制裁和进口关税之后。

The DAX traded near 21,250 on Thursday, following a string of record highs, as traders closely monitored developments under the new Trump administration while also assessing the latest regulatory actions from Beijing. At the same time, corporate earnings showed mixed results. In domestic business news, Puma shares plunged over 14% after the German sportswear brand reported lower than expected fourth-quarter sales and a decline in annual profit, missing its profit target for 2024. Meanwhile, all eyes will be on President Donald Trump's anticipated speech at the World Economic Forum later, especially after his recent tariff threats to China and the EU, and his ongoing push for more sanctions and import duties on Russia.