英式商务英语【31Aug2022】附原文及实用单词短语

【今日单词】reverbrate /rɪˈvəːbəreɪt/verb(of a loud noise) be repeated several times as an echo."her deep booming laugh reverberated around the room"-----------------------原文如下：The day in the marketsby Hudson Lockett, Philip Stafford and Martin Arnold(来自：The Financial Time 金融时报)What you need to know• Global equities slide as Powell’s comments weigh on sentiment• Wall Street’s ‘fear gauge’ climbs to highest level since mid-July• US Treasuries under pressure and currencies weaken against dollarGlobal stocks weakened, Treasury yields climbed and global currencies lost ground against the dollar yesterday as investors took fright from comments by central bankers that their long-term focus was on taming inflation.Shares in the US, Europe and Asia were lower after policymakers used their annual meeting at Jackson Hole, Wyoming, to warn investors to be prepared for higher interest rates for a sustained period.In the US, the S&P 500 fell 0.6 per cent and the Nasdaq Composite was down 1 per cent by lunchtime in New York, extending their declines after a punishing session on Friday. Indices had gone into reverse at the end of the trading week in the wake of hawkish comments from Federal Reserve chair Jay Powell.In Europe, the main indices fell yesterday but were off their earlier lows.The benchmark Stoxx Europe 600 retreated 0.8 per cent while Frankfurt’s Xetra Dax dropped 0.6 per cent and the CAC 40 in Paris was down 0.8 per cent.London was closed yesterday for a public holiday.Japan’s benchmark Topix led markets lower earlier in Asia with a drop of 1.8 per cent. The Hang Seng in Hong Kong fell 0.7 per cent.Powell warned that the central bank would keep raising interest rates to tackle soaring inflation even in an economic slowdown.He asserted that the Fed “must keep at it until the job is done” on taming surging inflation through repeated interest rate rises. Senior European policymakers also cautioned that monetary policy would have to stay tight in Europe for an extended period.The impact of Powell’s speech on Friday reverberated through global markets yesterday.The Vix volatility index, a benchmark that serves as a measure of expected swings in US stocks, rose as high as 27, its highest point since mid-July. The index is commonly called Wall Street’s “fear gauge”.Also illustrating selling pressure on assets, the yield on the policy-sensitive two-year US Treasury note rose to 3.48 per cent — the highest level since 2007 — on firmer expectations of higher rates to come.The yield on the 10-year note rose 8 basis points to 3.11 per cent.“Officials remain strongly committed to returning inflation to the central bank’s 2 per cent target,” said Mansoor Mohiuddin, chief economist at Bank of Singapore.“We think the chances of a 0.75 percentage point move next month have risen and will watch August’s US payrolls and consumer inflation data closely,” he added.Italian 10-year bond yields rose 11bp yesterday morning to 3.7 per cent, which is close to the 4 per cent threshold that is seen by many as the point where its debt starts to look unsustainable.Japan’s yen fell 0.8 per cent to ¥138.66 against the dollar.Sterling slipped 0.8 per cent to $1.166 — its weakest level against the US currency since the early days of the pandemic — after Goldman Sachs cut its economic growth expectations for the UK to 3.5 per cent from 3.7 per cent previously. 

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