每日晨读金融时报 06Dec2022 英语口语听力 附原文及实用单词短语

【今日短语】fall short of fail to meet an expectation or standard."the total vote fell short of the required two-thirds majority"----------------------------原文如下：The day in the marketsby  George Steer (来自：The Financial Time 金融时报)What you need to know• Wall Street stocks and Treasuries slide after robust US jobs report• Dollar climbs as employment rises more than expected in November• Equities trading in Europe muted while Asian indices inch lowerWall Street stocks fell yesterday and the dollar strengthened after hotter than expected US jobs numbers added to pressure on the Federal Reserve to maintain its tough stance on inflation.The benchmark S&P 500 index fell 0.4 per cent, trimming earlier losses, while the tech-heavy Nasdaq Composite declined 0.7 per cent.Both indices had climbed in the week after Fed chair Jay Powell dropped a strong hint that the central bank would slow its interest rate rises later this month.Hopes of an early Fed “pivot” on inflation were dented yesterday, however, when data showed US non-farm employment increased by 263,000 last month, far higher than the 200,000 rise forecast by economists polled by Reuters.Better news for American workers is bad news for markets. “A 0.75 percentage point rise in December has re-entered the debate,” said Steve Blitz, chief US economist at TS Lombard, referring to a jump in expectations for a 0.5 percentage point Fed rise.“These are extraordinary numbers for this point in the cycle,” Blitz added. “The economy remains strong, demand for labour remains strong and we are nowhere near having established a softness in the economy that’s going to deliver a deceleration to the base inflation rate.”A measure of the dollar against six other leading currencies slipped 0.1 per cent as traders rethought their bets that the Fed would slow its interest rate rises when it meets later this month.“The pace of US hiring alongside other measures of labour market activity such as vacancies and wage growth remain too high for the Fed’s liking,” said Hussain Mehdi, strategist at HSBC Asset Management. “With this in mind and amid broader US economic resilience and sticky core inflation, we think speculation of a Fed pause as soon as the January-February meeting is unjustified.”US government bonds sank, with the two-year yield — sensitive to interest rate expectations — rising as much as 10 basis points to 4.35 per cent as prices of the security fell.The benchmark 10-year yield gained as much as 7bp to 3.59 per cent.Across the Atlantic, stocks were muted, with the pan-regional Stoxx Europe 600 falling 0.2 per cent and London’s FTSE 100 closing flat.In Asia, Hong Kong’s Hang Seng index fell 0.3 per cent and the CSI index of Shanghai and Shenzhen stocks lost 0.6 per cent.

There are no comments yet.

Please log in to write the first comment.