每日晨读金融时报 27Oct2022 英语口语听力 附原文及实用单词短语

【今日短语】contend with /kənˈtend/to try to deal with a difficult situation or person: At the age of nine he had to contend with the death of both parents.----------------------------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 gains ahead of tech results• European stocks up despite German gloomUS stocks rose yesterday ahead of a busy day of third-quarter corporate results...The broad S&P 500 index added 1.4 per cent and the Nasdaq Composite rose 2.1 per cent in New York morning trading as investors looked ahead to earnings reports after the close from some of the world’s largest tech companies including Alphabet, Spotify and Microsoft.Investors have been sifting through the raft of corporate earnings over the past two weeks for signs of strain from high inflation and rising borrowing costs.The US Federal Reserve has raised interest rates aggressively this year, implementing extra-large increases of 0.75 percentage points over each of its past three meetings to a target range of 3 to 3.25 per cent. The central bank’s rate-setters meet again next week.The pressure of tighter monetary policy has weighed heavily on equity and bond markets in recent months, with the S&P last month closing out its longest streak of quarterly losses since 2008. Higher interest rates mean higher borrowing costs for companies, while also biting into future projected cash flows.Traders have also contended with elevated volatility in recent months.Europe’s Stoxx 600 rose 1.4 per cent and Germany’s Dax reversed losses to rise 0.9 per cent even as the country’s Ifo Institute noted domestic business sentiment “continues to be grim”.Martin Wolburg, senior economist at Generali Investments, said he expected the European Central Bank to raise interest rates by 0.75 percentage points to 1.5 per cent tomorrow in an attempt to tackle rising consumer prices, which rose 10 per cent in the eurozone in the year to September.London’s FTSE 100 finished flat, while yields on 10-year gilts fell 0.11 percentage points at 3.63 per cent after Rishi Sunak was confirmed as the UK’s third prime minister in seven weeks. Sterling jumped 1.8 per cent against the dollar to $1.147 and advanced 0.9 per cent against the euro to €1.152. Prices for European natural gas rose, erasing some of the decline in the previous session, with Dutch TTF gas futures, the benchmark regional contract, up 4.2 per cent to €99 per megawatt hour.

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