每日晨读金融时报 10Nov2022 英语口语听力 附原文及实用单词短语

【今日单词&短语】conviction /kənˈvɪkʃ(ə)n/noun.a firmly held belief or opinion."she takes pride in stating her political convictions"on one's last legsnear the end of life, usefulness, or existence."the foundry business was on its last legs"----------------------------原文如下：The day in the markets(来自：The Financial Time 金融时报)What you need to know• US stocks climb during midterm elections and ahead of inflation data• Yields on two- and 10-year US Treasuries fall ahead of data release• Dollar index slips, wiping out earlier gains as peak is projectedUS stocks climbed yesterday as the US midterm elections began and investors anticipated the release of inflation data tomorrow.By midday in New York, Wall Street’s benchmark S&P 500 was up 1.2 per cent and the tech-heavy Nasdaq Composite had risen 1.5 per cent. The moves came as US voters went to the polls.The worst outcome for markets would be if a “few tightly fought races and legal challenges dragged on”, delaying results, said Joshua Shapiro, chief US economist at MFR, a consultancy.But investors were also looking ahead to the publication tomorrow of October’s consumer price index, which could show the impact of successive interest rate rises from the Federal Reserve.Higher readings would increase pressure on the Fed to raise borrowing costs by 0.75 percentage points for the fifth consecutive month when it next meets in December. Officials at the central bank last week suggested, however, that interest rates could soon rise by a smaller 0.5 percentage point, even as the Fed targeted a higher terminal rate in its fight against inflation.The data are expected to show headline inflation increasing at an annual rate of 8 per cent, down from 8.2 per cent in September. Excluding more volatile food and energy prices, core inflation is expected to have risen 6.6 per cent year on year, the same rate as the month before.In government bond markets, the yield on the two-year US Treasury, which is particularly sensitive to interest rates, fell 0.02 percentage points to 4.69 per cent, while the yield on the 10-year also dropped 0.06 percentage points to 4.14 per cent. Prices fall when yields rise.The dollar index, which measures the US currency against a basket of six peers, slipped 0.6 per cent, wiping out earlier gains. The index has risen 15 per cent since the start of the year, though some analysts have begun to question how much further the dollar can rise.Foreign exchange analysts at JPMorgan said their bullish view on the dollar was premised on “two pillars” — a hawkish Fed and weaker economic growth outside the US.Kit Juckes, a macro strategist at Société Générale, said his conviction that the dollar’s rally was “on its last legs isn’t being challenged by the current trendless market”.Elsewhere, Europe’s Stoxx 600 added 0.8 per cent by the close, erasing earlier losses. London’s FTSE 100 closed flat.

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