英式商务英语【18Aug2022】附原文及实用单词短语

【今日单词】rout /raʊt/nouna disorderly retreat of defeated troops. 溃不成军的逃散而不是有序的撤退"the retreat degenerated into a rout"ricochet /ˈrɪkəʃeɪ/verb(of a bullet or other projectile) rebound off a surface."a bullet ricocheted off a nearby wall"bellwether /ˈbɛlwɛðə/nounthe leading sheep of a flock, with a bell on its neck. 领头羊、马首是瞻something that leads or indicates a trend."Basildon is now the bellwether of Britain's voting behaviour"-----------------------------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• Retailer Target misses earnings forecasts as concerns over growth rise• Stocks and bonds under pressure also from gloomy UK inflation data• Rout for gilts ricochets across other countries’ debt marketsStocks and bonds came under pressure yesterday after disappointing earnings from US retailer Target weighed on sentiment already darkened by worse than expected UK inflation data.Wall Street’s S&P 500 share index was down 1.1 per cent by midday in New York with travel companies among the biggest fallers.Target’s shares slid after the US retailer missed earnings expectations for the three months to July 30 as its chief executive spoke of a “very challenging environment”.The group’s figures were posted just a day after earnings reports from retail bellwether Walmart and do-it-yourself chain Home Depot indicated some resilience in consumer spending.The technology-heavy Nasdaq Composite gauge lost 1.7 per cent.Those moves came as investors assessed higher-than-feared inflation figures for the UK.The country’s consumer price index registered a 10.1 per cent year-on-year increase for July, greater than June’s figure of 9.4 per cent and above economists’ consensus forecast of a 9.8 per cent rise.The UK figures sparked a rout in the country’s short-dated debt, which is sensitive to changes in interest rate expectations, as investors raised their estimates of how high the Bank of England would lift borrowing costs to curb rapid price growth.That selling ricocheted across other countries’ debt markets with Germany’s two-year Bund yield rising as much as 17 basis points to 0.75 per cent. The equivalent US yield also jumped, adding 10bp to 3.35 per cent.The yield on the 10-year US Treasury note, a proxy for borrowing costs worldwide, rose 9bp to 2.92 per cent.Lyn Graham-Taylor, rates strategist at Rabobank, said bond markets could sell off further, adding: “The central banks are less likely to blink in the face of declining growth prospects than the market is priced for.”Elsewhere in equity markets, the pan-regional Stoxx 600 Europe slid 0.9 per cent while Frankfurt’s Xetra Dax slipped 2 per cent. In Asia, Japan’s Topix index gained 1.3 per cent while Hong Kong’s Hang Seng rose 0.5 per cent.Investors were due later yesterday to scrutinise the minutes of the US Federal Reserve’s latest monetary policy meeting for any further clues about the central bank’s strategy for tackling inflation.

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