【今日单词】
nudge /nʌdʒ/
verb
prod (someone) gently with one's elbow in order to attract attention.
"people were nudging each other and pointing at me"
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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
• Wall Street stocks snap five-session losing streak to nudge higher
• US Treasuries sell off and continue to flash warning signs of a slowdown
...
US stocks rose yesterday, reversing some of this week’s decline, as investors briefly overcame worries about the impact of extended high interest rates on the US economy.
Wall Street’s benchmark S&P 500 gained 0.8 per cent and the tech-heavy Nasdaq Composite rallied 1.1 per cent in afternoon dealings in New York.
Across the Atlantic, the pan-regional Stoxx Europe 600 and London’s FTSE 100 fell 0.2 per cent.
The S&P 500 had fallen for the previous five consecutive days as stronger than expected jobs and services sector data have chipped away at investors’ conviction about the direction of the US Federal Reserve’s interest rate rises.
“Just last week, the market was coming around to the possibility that the Fed might actually pull off the fabled soft landing but recently the market is returning to the belief that a recession is likely,” said Mike Zigmont, head of trading and research at Harvest Volatility Management.
“I think this back-and-forth thinking is simply a product of uncertainty and the year-long bear market,” Zigmont added.
The Treasury market sold off yesterday and continues to flash warning signs of a slowdown in economic growth with the gap between short- and long-term US borrowing costs at its widest point since 1981.
The two-year Treasury yield added 4 basis points to 4.29 per cent while the 10-year yield rose 6bp to 3.47 per cent.
