【今日单词】
复习 hoist /hɔɪst/
verb
raise (something) by means of ropes and pulleys.
"a white flag was hoisted"
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原文如下：
The day in the markets
by Ian Johnston and Hudson Lockett
(来自：The Financial Time 金融时报)
What you need to know
• Wall Street stocks drop ahead of fresh round of corporate earnings
• UK government bonds sell off across all maturities
Wall Street stocks fell yesterday as investors braced themselves for the start of another US corporate earnings season, set against an increasingly gloomy economic backdrop.
The broad S&P 500 gauge was down 0.7 per cent by the early afternoon in New York. The technology-focused Nasdaq Composite index was down 1 per cent.
The restrictions limit the sales of semiconductors made with US technology, unless vendors obtain an export licence.
The declines in US equities yesterday followed a sell-off on Wall Street in the previous session. The S&P had closed down 2.8 per cent on Friday after a labour market report pointed to persistently strong jobs growth.
Such data have been scrutinised in recent months for clues about how aggressively the US Federal Reserve will raise interest rates with signs of robustness in the labour market fuelling expectations of tighter monetary policy.
Yesterday’s downbeat trading activity also came ahead of a flurry of third-quarter corporate earnings results.
Investors will analyse companies’ financial statements for evidence of stress from stubbornly high inflation and rising borrowing costs with fears intensifying this year that central banks will hoist interest rates into a recession — putting businesses across many sectors under even more strain.
The US Treasury market was closed yesterday for a holiday. UK government bonds came under acute pressure across all maturities, even after the Bank of England unveiled measures to ease strains on UK pension funds, including an increase to the limits on purchases within its emergency gilt-buying programme.
The yield on the 10-year UK government bond added 21 basis points to 4.45 per cent while the 30-year yield added 28bp to 4.67 per cent.
Elsewhere in equity markets, the Stoxx Europe 600 index ended the day down 0.4 per cent.
