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每日晨读金融时报|英语口语听力|原文及实用单词短语

英式商务英语【14Sep2022】附原文及实用单词短语

14 Sep 2022

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【今日单词】scrutiniseverb.examine or inspect closely and thoroughly."customers were warned to scrutinize the small print"-----------------------原文如下:The day in the marketsby  Ian Johnston and Hudson Lockett(来自:The Financial Time 金融时报)What you need to know• Dollar slips ahead of closely watched US inflation report• Euro rises as traders assess monetary policy outlook• Stocks boosted with gains for both Wall Street and European indicesThe dollar kicked off the week on a downbeat note and stock markets rose as traders priced in a narrowing of policy divergence between the US Federal Reserve and other big central banks.An index measuring the dollar against six peers slid 0.6 per cent, trimming steeper declines earlier in the session.The euro rose 1 per cent to trade above parity with the US currency at $1.013. The pound also climbed by 1 per cent to $1.17.The US Dollar index is up about 13 per cent this year, propelled higher by aggressive interest rate rises and hawkish messaging from the Fed about the future path of monetary policy.The European Central Bank last week lifted borrowing costs by 0.75 percentage points to 0.75 per cent, and pointed to further increases to come — signalling a more assertive approach to tackling inflation in the common currency region.The catalyst for the decline of the dollar, which also edged lower on Friday, “seems to be the ongoing hawkishness of the ECB and the rebound in risk appetite”, wrote Jonathan Petersen, a senior markets economist at Capital Economics.The dollar has historically been seen as a haven asset during times of economic stress. “We have a lot of traditional investors hiding in dollar assets; the stronger it becomes, the more they hide,” said Mark Tinker, chief investment officer at Toscafund Asset Management Hong Kong. “That means there are a lot of people who are nervous about the dollar turning.”Wall Street shares advanced by the afternoon in New York with the broad S&P 500 and tech-heavy Nasdaq Composite both gaining about 1 per cent.“You have a strong negative correlation between the dollar and the US stock market with lots of multinationals having lower earnings when the dollar appreciates,” said Bastien Drut, chief macro strategist at CPR Asset Management.Across the Atlantic, the pan-regional Stoxx Europe 600 index closed up 1.8 per cent.Meanwhile, Frankfurt’s Dax index finished the day up 2.4 per cent and London’s FTSE 100 added 1.7 per cent.Investors will scrutinise fresh US inflation data due today for clues about the future path of rate rises in the world’s largest economy.Analysts polled by Reuters expect August’s consumer price index to register a reading of 8.1 per cent year on year, down from 8.5 per cent in July. 

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