【今日单词】
trajectory /trəˈdʒɛkt(ə)ri/
noun
the path followed by a projectile flying or an object moving under the action of given forces.
"the missile's trajectory was preset"
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原文如下：
The day in the markets
by George Steer and Hudson Lockett
(来自：The Financial Time 金融时报)
What you need to know
• US stocks fall after upbeat data harden Fed rate rise expectations
• Report on job openings highlights strength in labour market
Wall Street stocks fell yesterday after robust economic data strengthened expectations that the US Federal Reserve would continue to sharply boost borrowing costs beyond its meeting this week.
The benchmark S&P 500 fell 0.4 per cent, erasing earlier gains, while the tech-heavy Nasdaq 100 dropped 0.7 per cent.
The S&P 500 fell during the previous session but notched up gains of nearly 8 per cent for October. Investors are braced for a Fed decision that could help set the trajectory for markets in coming weeks.
The central bank’s Federal Open Market Committee is expected to implement its fourth consecutive 0.75 percentage point rate rise today in an attempt to cool inflation that remains at the highest level in decades.
But hopes that the Fed might raise rates by a smaller 0.5 percentage points in December were dented yesterday after a new report showed that the labour market remains tight.
Demand for US workers rebounded in September with employers adding 437,000 job openings, bringing the total number of vacancies to 10.7mn, the labour department said.
The figures represented “another example of data ‘not co-operating’ with the Fed’s desire to slow the pace of rate hikes”, said analysts at Citigroup.
Meanwhile, the Institute for Supply Management said its index tracking factory activity fell to 50.2 in October, indicating a small expansion in manufacturing output. Markets had expected a reading of 50.
In government bond markets, the yield on 10-year US Treasuries fell 3 basis points to 4.05 per cent as its price rose.
The yield on the equivalent UK gilt declined 2bp to 3.5 per cent.
Elsewhere in equity markets, the pan-regional Stoxx Europe 600 added 0.6 per cent and London’s FTSE 100 gained 1.3 per cent.
The CSI 300 index of equities in Shanghai and Shenzhen jumped 3.6 per cent while Hong Kong’s Hang Seng climbed 5.2 per cent.
