英式商务英语【24Aug2022】附原文及实用单词短语

【今日单词】debt-laden 负债累累gyration /dʒʌɪˈreɪʃ(ə)n/nouna rapid movement in a circle or spiral; a whirling motion."the gyrations of the dancers' arms and legs"-----------------------------原文如下：The day in the marketsby Ian Johnston and Eric Platt(来自：The Financial Time 金融时报)What you need to know• Fear of hawkish Fed hits US and European shares• Euro’s value slips below dollar• China stocks bounce on rate cutUS and European stocks slid yesterday as the outlook for large global economies darkened, with tech shares hit hard by fears the Federal Reserve will adopt a hawkish tone at a central bank summit this week.Wall Street’s tech-focused Nasdaq Composite gauge fell more than 2 per cent, with streaming company Netflix dropping more than 6 per cent.Amazon, Tesla and semiconductor group Nvidia also lost about 3 per cent, as concerns mounted over higher interest rates reducing the value of future cash flows and earnings.“The Nasdaq is the epicentre of interest rates uncertainty in the stock markets,” said Julian Howard, lead investment director at GAM. “[The Fed] is talking up hawkishness, which is making the market quite nervous. The job isn’t done [on inflation].”Wall Street’s broad S&P 500 index was down 1.6 per cent by late morning in New York, after snapping a four-week winning streak on Friday.Market gyrations in the US in recent weeks have been propelled by hedge funds closing out bearish bets and traders warned that the recent expiration of a large block of options on Friday could amplify volatility in the days ahead.In currencies, the euro dropped almost 1 per cent against the dollar to $0.994, slipping below $1 after hitting parity with the greenback in July for the first time in two decades. Worries over possible Russian energy supply cuts led European gas and power prices to surge, adding to fears the continent could see a recession.The regional Stoxx Europe 600 equity gauge closed 1 per cent lower, with Germany’s Dax down 2.3 per cent.The growing sense of gloom comes ahead of the Fed’s annual gathering in Jackson Hole, Wyoming, which the central bank often uses to make big policy announcements. Fed chief Jay Powell is expected to signal it will continue aggressively to increase interest rates as it battles elevated inflation.The dollar added 0.9 per cent and has climbed almost 3 per cent this month against a basket of currencies, nearing the two-decade high it reached in July.Many investors have questioned the durability of the recent global rally in stocks given powerful headwinds.Mainland China shares bounced after the People’s Bank of China slashed its mortgage lending rate for the second time this year, in an effort to support its debt-laden real estate sector. The CSI 300 gauge of Shanghai and Shenzhen listed stocks closed up 0.7 per cent.

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