12Aug2022 稳定下来的通货膨胀让美股继续上扬 美元抛售持续

【今日短语】needle moverTaking an action that has a significant impact on something. For example, if a company runs a marketing campaign that significantly increases the company's revenue, that would be a needle mover.One swallow doesn't make a spring.Although something good has happened , the situation may not continue.-----------------------------原文如下：The day in the marketsby Ian Johnston(来自：The Financial Time 金融时报)What you need to know• Wall Street extends gains on signs of steadier inflation• Europe stocks also advance with rise for pan-regional Stoxx 600• Dollar faces more selling after previous session’s declinesUS stocks edged higher, extending gains from the previous session after inflation data for the world’s largest economy came in lower than expected.The broad S&P 500 added 0.3 per cent by mid-session on Wall Street, having closed 2.1 per cent higher on Wednesday.The Nasdaq Composite — which is weighted towards technology shares that are more sensitive to changes in interest rate expectations — traded flat after previously closing up 2.9 per cent in a move that took its gains to 20.7 per cent from a low in mid-June.Figures on Wednesday had shown that the US consumer price index rose 8.5 per cent year-on-year in July, a slower annual increase than the 9.1 per cent recorded for June and below economists’ forecasts.There was no increase in the CPI month-on-month to July after a 1.3 per cent rise in June.Fresh data on Thursday revealed that prices paid to US producers for goods and services registered an unexpected fall in July, declining 0.5 per cent month-on-month, on the back of lower petrol costs. This marked the first monthly decline for the US producer price index since April 2020.On an annual basis, prices rose 9.8 per cent in July, lower than economists’ expectations of a 10.4 per cent increase and below June’s 11.3 per cent.“I’m not sure this alone is a needle mover,” said Liz Ann Sonders, chief investment strategist at Charles Schwab. “It’s more just a confirmation that maybe the peak is in.”Investors have been watching inflation data closely ahead of the Federal Reserve’s September monetary policy meeting for clues about the extent to which the central bank will raise borrowing costs to curb price growth.“It’s encouraging for investors that you see some cooling of inflation but one swallow doesn’t make a spring,” said Guillaume Paillat, a multi-asset portfolio investor at Aviva, pointing to strong US labour market data released last week.Across the Atlantic, the pan-regional Stoxx Europe 600 edged up 0.1 per cent as London’s FTSE 100 lost 0.5 per cent.In government debt markets, the yield on the policy-sensitive two-year US Treasury bond slipped 1 basis point to 3.2 per cent.The yield on the 10-year benchmark Treasury note added 5bp to 2.83 per cent.In currency markets, the dollar lost a further 0.2 per cent against a basket of six currencies after declining on Wednesday.

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