英式商务英语【30Aug2022】附原文及实用单词短语

【今日单词】to hinge on = to depend onhoist /hɔɪst/verbraise (something) by means of ropes and pulleys."a white flag was hoisted"cede /siːd/verbgive up (power or territory)."in 1874, the islands were ceded to Britain"sanguine /ˈsaŋɡwɪn/adjectiveoptimistic or positive, especially in an apparently bad or difficult situation."he is sanguine about prospects for the global economy"-----------------------------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• US stocks fall after comments by Fed chair Powell, with all key sectors in red• Yield on two-year Treasury rises 0.04 percentage points to 3.41 per cent• Yield on Italy’s 10-year bond jumps 0.17 percentage points to 3.72 per centUS stocks dropped sharply yesterday after Federal Reserve chair Jay Powell emphasised his resolve to hoist interest rates higher to curb inflation, in a hawkish address at the annual Jackson Hole central banking summit.Wall Street’s S&P 500 gauge fell 2.2 per cent while the Nasdaq Composite ceded 2.7 per cent by midday in New York. The Nasdaq is weighted heavily towards tech shares, which are more sensitive to cranked-up rate expectations. Europe’s regional Stoxx 600 index lost 1.7 per cent.Yesterday’s fall in US equities was broad, with more than 95 per cent of the companies on the S&P 500 index down on the day. Every major sector was in the red, with more economically sensitive industries such as financials and industrials leading the way lower.Market pricing yesterday indicated that investors were expecting the Fed to raise interest rates to 3.8 per cent by February 2023, up from expectations of 3.3 per cent at the start of this month.US government bonds had a “reasonably sanguine reaction” immediately after Powell’s speech, said Stewart Robertson, chief economist at Aviva Investors. The yield on the two-year Treasury, which closely tracks interest rate expectations, rose 0.04 percentage points to 3.41 per cent. The yield on the 10-year note, which is more sensitive to growth expectations, traded broadly flat at 3.03 per cent.Elsewhere, the European Central Bank is widely expected to raise rates by a half percentage point for the second consecutive time at its next policy meeting on September 8.Some policymakers are pushing for the ECB to consider a more aggressive move to raise rates by 0.75 percentage points because of fears about soaring energy prices, according to a Reuters report.The ECB declined to comment. But no decision has been taken on whether such a move will be discussed at next month’s meeting, and this may hinge on whether inflation continues to outstrip expectations when the latest figures are released on Wednesday.The yield on Italy’s 10-year bond jumped 0.17 percentage points to 3.72 per cent, reflecting a steep drop in price as investors weighed the possible effect of higher borrowing costs on Europe’s weaker economies. Germany’s equivalent yield added 0.08 percentage points to 1.4 per cent, while the policy-sensitive two-year Bund yield added 0.13 percentage points.

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