【今日短语】
haven buyer /ˈheɪv(ə)n/ 避风港买家
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原文如下：
The day in the markets
by Ian Johnston, Harriet Clarfelt and Myles McCormick
(来自：The Financial Time 金融时报)
What you need to know
• Crude oil slides after weaker than expected data weighs on riskier assets
• Disappointing economic reports provoke slowdown fears
• US Treasuries gain as government debt attracts haven buyers
Oil prices fell yesterday as disappointing economic data from the US complicated the economic outlook, driving a shift away from riskier assets.
International oil benchmark Brent crude dropped as much as 5.5 per cent to $92.78 a barrel as gloomy economic reports from the world’s two leading economies added to worries that a slowdown in global growth will hit industrial and consumer demand.
US marker West Texas Intermediate slipped as much as 5.7 per cent to $86.82, its lowest level since early February . Both indicators later trimmed their losses.
“The oil markets struggle to catch a break as weak macro data continues to put downward pressure on [them],” said analysts at Oilytics.
Yesterday’s moves came after Chinese economic data showed that retail sales rose 2.7 per cent year-on-year in July while industrial production was 3.8 per cent higher. Economists had forecast larger increases of 5 per cent and 4.6 per cent, respectively.
Fresh data from the US added to the sense of gloom.
A New York Federal Reserve survey of manufacturers registered minus 31.3 for August, from 11.1 the previous month. Economists polled by Reuters had forecast a reading of 5.
The unexpected slump in the Empire State gauge marked the second-largest monthly fall for the index on record.
On Wall Street, US stocks made muted gains after starting the session lower. The S&P 500 was up 0.2 per cent at midday in New York while the technology-heavy Nasdaq Composite rose 0.3 per cent.
In bond markets, the yield on the 10-year US Treasury note fell 7 basis points to 2.78 per cent as the price of the benchmark instrument rose. US government debt is typically seen as a haven asset in times of economic stress.
The dollar gained 0.6 per cent against a basket of six leading currencies.
Across the Atlantic, the pan-regional Stoxx Europe 600 share index gained 0.3 per cent.
