【今日单词】
复习 hawkish/ˈhɔːkɪʃ/
adj.
advocating an aggressive or warlike policy, especially in foreign affairs.
"the administration's hawkish stance"
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原文如下：
The day in the markets
by George Steer
(来自：The Financial Time 金融时报)
What you need to know
• Global equities set for first successive monthly gains in over a year
• Investors will study Fed chief’s speech for clues on likely path of interest rates
• Europe’s stocks advance as pace of inflation rises in region begins to slow
Global stocks are on track for their first back-to-back monthly gains since the summer of 2021 as investors bet that inflation has peaked and dipped back into equity markets, which were hammered in the first half of the year.
Hopes that the US Federal Reserve is about to slow the pace at which it raises interest rates ... have helped the FTSE All-World index rise 11 per cent since the start of October and the S&P 500 rise more than 10 per cent over the same period.
The MSCI Asia-Pacific index has ticked up 14 per cent so far in November and is set for its biggest 30-day gain in at least 10 years, Bloomberg data show.
Commodities prices, factory gate prices and inflation expectations have all begun to slide from their record levels in recent weeks, suggesting to some that global inflation has peaked and the pace of headline price growth will slow in 2023.
Analysts at Bank of America nevertheless believe some investors may have got ahead of themselves. “Markets are in denial, particularly equities,” they said in a note this week.
Wall Street’s benchmark S&P 500 was 0.2 per cent lower in morning New York trading and the tech-heavy Nasdaq Composite rose 0.3 per cent ahead of a speech by Federal Reserve chair Jay Powell with investors hoping for hints about the path of the central bank’s interest rate policy.
“Clearly Fed action is going to be the driving factor for every asset class over the coming weeks,” said Neil Birrell, chief investment officer at Premier Miton, an asset management company.
Data out yesterday showed declining energy prices helped annual eurozone inflation fall more than expected to 10 per cent in November, down from a record 10.6 per cent in October.
Economists polled by Reuters had predicted a 10.4 per cent rise.
“Today’s data suggests that headline inflation has peaked but that underlying price pressures will indeed persist for some time,” said Frederik Ducrozet, head of macroeconomic research at Pictet Wealth Management.
The region’s stocks rose with the Stoxx Europe 600 up 0.6 per cent while London’s FTSE 100 gained 0.8 per cent.
