【今日短语】
on the bounce
INFORMAL
in quick succession.
"it's nice to get four victories on the bounce"
nailed on
adjective
INFORMAL•BRITISH
guaranteed to happen or definitely the case.
"he thought he was nailed on for the England job"
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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
• US shares up on rate rise outlook
...
• Oil comes off year’s lows
US stocks chipped out small gains yesterday as traders took hotter than expected producer prices as another sign that the central bank would keep interest rates higher for longer to curb inflation.
The benchmark S&P 500 rose 0.1 per cent and the tech-heavy Nasdaq was up 0.3 per cent in morning trading in New York after the latest US producer price index rose 0.3 per cent month on month in November, more than the 0.2 per cent forecast by economists.
Gains in New York boosted stocks in Europe, with the Stoxx 600 rising 0.8 per cent and Germany’s Dax up 0.7 per cent.
Economists said the stronger than anticipated reading was unlikely to deter the Federal Reserve from raising rates next week because the fight against inflation is far from finished.
“A 0.5 percentage point rise [from the Fed] looks pretty nailed on at this point,” said Neil Shearing, chief economist at Capital Economics. High inflation has forced the central bank to implement four 0.75 percentage point rises on the bounce, bringing its main policy rate to between 3.75 per cent and 4 per cent.
US government debt sold off, with the two-year Treasury yield up 0.01 percentage points to 4.30 per cent and the 10-year yield up 0.05 points to 3.54 per cent. Yields fall as prices rise.
Government bonds typically fall in price as borrowing costs rise, as higher interest rates eat into the real returns on fixed interest securities. The yield on 10-year US government debt in late October hit 4.24 per cent, its highest since the financial crisis in 2008, but has fallen since as inflationary pressures have subsided. “While most are fretting about how far the Fed will go to curb inflation, the bond market has already moved on,” said Jim Paulsen, chief investment strategist at the Leuthold Group.
...
Hong Kong’s Hang Seng index added 2.3 per cent and has risen more than a fifth in the past month. ...
Mainland China stocks also ticked higher, with the CSI 300 index of Shanghai- and Shenzhen-listed shares gaining 1 per cent.
Oil rose from year-to-date lows, with benchmark Brent crude up 0.1 per cent at $76.24 a barrel.
