每日晨读金融时报 19Oct2022 英语口语听力 附原文及实用单词短语

【今日短语】stellar run/performanceextremely good performance----------------------------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 stocks rally as traders look to corporate earnings• Gilts and sterling advance after action from new UK chancellor to calm markets• Dollar retreats after stellar run so far in 2022Wall Street stocks rose sharply yesterday as better than expected earnings from Bank of America and an abrupt U-turn on tax cuts from the UK government buoyed market sentiment.The S&P 500 was up 2.7 per cent by the early afternoon in New York, while the tech-heavy Nasdaq Composite advanced 3.3 per cent.Across the Atlantic, the pan-regional Stoxx Europe 600 rose 1.8 per cent and London’s FTSE 100 gained 0.9 per cent.Those rallies came after Bank of America posted stronger than expected third-quarter results, pointing to “resilient” US consumer clients.Expanding profit margins from consumer lending helped to temper falling investment banking revenues.Investors are watching corporate earnings closely for signs of strain from high inflation and rising borrowing costs.“The resilience of the consumer in the US and the UK has been a big support for earnings resilience,” said Eren Osman, a senior investment manager at Arbuthnot Latham & Co. “That’s going to come under increasing pressure as we see inflation remain high.”But robust third-quarter reports and the UK government’s “sincere apology” on its disruptive tax cuts both supported markets, said Thomas Thygesen, head of strategy at SEB Research.“From a broader perspective, you could say that all this has happened as we were ‘due’ a break,” he added, after significant sell-offs in stock markets this year. This “could [lead to] some kind of stabilisation or even a bear rally for stocks while we wait for . . . lower earnings estimates”.Gilts rallied after new UK chancellor Jeremy Hunt, in a bid to reassure markets, abandoned many of the government’s fiscal proposals unveiled last month. As gilt prices rose, 30-year yields dropped more than 40 basis points to 4.36 per cent but remained above their levels of about 3.75 per cent before former chancellor Kwasi Kwarteng announced Westminster’s fiscal plans.The pound rose 2.2 per cent against the dollar to $1.141. Sterling had fallen 1.4 per cent on Friday after Prime Minister Liz Truss sacked Kwarteng and abandoned a corporation tax cut.Elsewhere in currencies, the Japanese yen weakened to ¥148.89 against the dollar, a fresh 32-year low.The dollar, which has risen 18 per cent so far in 2022 against its peers due to climbing US interest rates and its status as the world’s reserve currency, slipped 0.9 per cent. 

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