Description

【今日短语】

winning streak

an uninterrupted sequence of success

A winning streak, also known as a win streak or hot streak, is an uninterrupted sequence of success in games or competitions, commonly measured by at least 3 wins that are uninterrupted by losses or ties/draws.

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原文如下：

The day in the markets

(来自：The Financial Time 金融时报)

What you need to know

▸ Wall Street rally slows after eight straight ses­sions of gains

▸ US gov­ern­ment bonds sell off, wip­ing out Wed­nes­day’s gains

▸ Brent crude rises fol­low­ing two days of steep declines

The rally in US stocks slowed yes­ter­day after eight con­sec­ut­ive days of gains as investors awaited a speech from Jay Pow­ell, chair of the US Fed­eral Reserve, for fur­ther clues on the dir­ec­tion of interest rates.

Wall Street’s bench­mark S&P 500 and the tech-dom­in­ated Nas­daq Com­pos­ite were both trad­ing 0.1 per cent higher in early after­noon trad­ing in New York.

Traders were look­ing to Pow­ell’s com­ments for guid­ance after cent­ral banks in the US and Europe held interest rates steady and mar­kets priced in rate cuts in big eco­nom­ies next year.

But the bets threaten to under­mine cent­ral banks’ attempts to curb infla­tion, since expect­a­tions of future rate cuts bring down bor­row­ing costs.

A higher close on Wall Street would mark the S&P 500’s longest win­ning streak since 2004. The bench­mark has risen more than 5 per cent since late Octo­ber on hopes that US interest rates had peaked.