11Aug2022 通货膨胀数据低于预期 经济有望好转

【今日单词】tinder /ˈtɪndə/noundry, flammable material, such as wood or paper, used for lighting a fire."they slashed down the undergrowth for tinder"虽然Tinder是一家公司，但了解这个单词的意义也能有助于了解这个公司创立初期的一些想法~-----------------------------原文如下：The day in the marketsby Ian Johnston and William Langley(来自：The Financial Time 金融时报)What you need to know• US stocks and bonds rally after inflation in July rises less than expected• Consumer price index reading lifts hopes of slower pace of Fed tightening• Stoxx Europe 600 and Dax bounce back after losses in previous sessionUS stocks and government bonds rallied after data showed inflation in the world’s largest economy had steadied, raising hopes that the Federal Reserve may temper its aggressive rate rises to subdue soaring prices.The consumer price index data published yesterday showed that prices in the US rose 8.5 per cent year-on-year in July, a slower increase than in June and below economists’ forecasts of 8.7 per cent.The figures also showed that, on a month-on-month basis, there was no increase in the CPI in July compared with a 1.3 per cent rise in June.The blue-chip S&P 500 gained 1.8 per cent by afternoon trading on Wall Street while the technology-heavy Nasdaq Composite rose 2.4 per cent.Encouraged by the improved economic outlook, investors piled into consumer-focused stocks. Meanwhile, Facebook owner Meta and Tinder owner Match Group were among the highest risers on the Nasdaq 100.The S&P 500 has climbed more than 14 per cent since mid-June and the moves put it on track to snap four consecutive days of losses.The Vix volatility index, which serves as a measure of expected swings in US stocks, fell below 20 for the first time since April.“Inflation has been expected to peak over the summer for some time so it was reassuring for markets that there are clear signs that this looks to be happening,” said Oliver Blackbourn, portfolio manager at Janus Henderson Investors.In government bond markets, the yield on the 10-year US Treasury bond, which moves with inflation and growth expectations, dropped 3 basis points to 2.77 per cent.The yield on the two-year note, which moves with interest rate expectations, dipped 1bp to 3.16 per cent.The US dollar, a haven for investors in times of uncertainty, also fell back in reaction to the bond data, sliding 1.3 per cent against a basket of six currencies.“While peak inflation is welcome news, it’s probably not enough to allow the Fed to ease off its tightening or to put recession fears to bed,” said Mike Bell, global market strategist at JPMorgan Asset Management.Across the Atlantic, the Stoxx Europe 600 closed up 0.9 per cent and Frankfurt’s Xetra Dax index gained 1.2 per cent after losses in the previous session.

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