英式商务英语【15Sep2022】附原文及实用单词短语

【今日单词】cascadeverb(of water) pour downwards rapidly and in large quantities."water was cascading down the stairs"-----------------------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• US tech stocks hit by inflation surprise• Investors braced for big rate increase• Government bond yields riseTech stocks slumped on Wall Street and the dollar climbed after closely watched US inflation data for August came in higher than expected, prompting fears of more aggressive interest rate rises to combat rising prices.The broad S&P 500 share gauge fell 3.1 per cent, while the Nasdaq Composite dropped 4.2 per cent, putting it on course for its worst daily fall since mid-June.The tech-heavy index is more sensitive to changes in interest rate expectations, with Facebook owner Meta, chipmaker Nvidia and Amazon among the largest fallers in morning trading in New York, down 7.6 per cent, 7.2 per cent and 5.8 per cent respectively.Those moves came after a report yesterday showed US consumer prices ticked up 0.1 per cent in August from the previous month, compared with expectations for a fall of 0.1 per cent. The annual rate came in at 8.3 per cent, down from 8.5 per cent in July, but higher than the 8.1 per cent Wall Street economists had predicted.Core consumer price growth — which strips out volatile items such as energy and food — rose from 5.9 per cent to 6.3 per cent.Investors are beginning to consider that the Federal Reserve will raise rates by a full percentage point at its next monetary policy meeting this month, according to data from CME Group.The market consensus is that the Fed makes a third consecutive 0.75 percentage point rise and makes further rate increases in November and December. The Fed’s current target range stands at 2.25 to 2.50 per cent.The prospect of higher interest rates prompted a jump in the dollar, up 1.2 per cent against a basket of six peers, as the euro and the pound slipped back, both shedding about 1.3 per cent.In government debt markets, the yield on the two-year US Treasury note jumped 0.18 percentage points to 3.75 per cent, reflecting a steep drop in the price of the bond. The 10-year yield rose 0.08 percentage points to 3.44 per cent.The selling cascaded into eurozone bonds, with Germany’s two-year Bund yield up 0.09 percentage points to 1.39 per cent and the 10-year yield rising 0.09 percentage points to 1.73 per cent.In Europe, the regional Stoxx 600 share gauge fell 1.5 per cent, having climbed 1.8 per cent in the previous session. London’s FTSE 100 lost 1.2 per cent.China’s mainland CSI 300 index rose 0.4 per cent and Hong Kong’s Hang Seng slipped 0.2 per cent as markets in greater China reopened following a national holiday. Japan’s Topix rose 0.3 per cent.

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