每日晨读金融时报 17Nov2022 英语口语听力 附原文及实用单词短语

【今日单词】unjustifiable /ʌnˈdʒʌstɪfʌɪəb(ə)l/adjectivenot able to be shown to be right or reasonable."an unjustifiable restriction on their freedom"----------------------------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 gain after inflation data spark hopes of smaller rate rises• US producer prices increase less than expected in OctoberWall Street stocks rallied and the dollar weakened yesterday as new signs that inflation cooled last month boosted hopes that the US Federal Reserve would slow the pace of its rate increases.The benchmark S&P 500 climbed 1.3 per cent in morning trade in New York while the tech-heavy Nasdaq Composite soared 2.3 per cent.The S&P 500 has gained more than 11 per cent from its intraday low in October.Yesterday’s gains followed a report that showed US producer prices rose 0.2 per cent in October from September, compared with expectations of 0.4 per cent in a Bloomberg poll.The annual rate of wholesale inflation came in at 8 per cent, down sharply from 8.5 per cent in September.“This data is further confirmation of the peak for now in inflation, evidence that we’ve been seeing for months,” said Peter Boockvar, chief investment officer at Bleakley Financial Group.The slowdown in the rate of increase in factory gate prices comes after data last week showed US consumer inflation was also easing, building hopes among some investors that the Fed would slow its tightening of monetary policy, which has lifted the dollar and weighed on stocks.The US Dollar index, which tracks the currency against six others, fell 0.2 per cent, trimming losses earlier in the day but continuing a decline since its September peak. The euro, pound and yen all increased against the US currency.US government bonds rallied — the yield on two-year US Treasuries slipped 2 basis points to 4.38 per cent.The yield on the benchmark 10-year US note fell 4bp to 3.82 per cent.Some analysts said investors had become unjustifiably optimistic on the recent gains on Wall Street, however.“S&P 500 daily returns of more than 2 per cent tend to be more frequent during bear markets,” said analysts at Goldman Sachs, who believed that the recent rally in bonds and risky assets was “likely overdone”.“The larger than expected inflation reset might support a slowdown in the hiking pace but risks of a hike cycle extension remain,” the bank added.Across the Atlantic, the pan-regional Stoxx Europe 600 added 0.3 per cent while London’s FTSE fell 0.2 per cent.

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