【今日单词】
复习 bout /baʊt/
noun
a short period of intense activity of a specified kind.
"occasional bouts of strenuous exercise"
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原文如下：
The day in the markets
by Harriet Clarfelt
(来自：The Financial Time 金融时报)
What you need to know
• US stocks shrug off declines following hot inflation report
• Yen touches lowest level against dollar since 1990
• Sterling jumps amid talk of U-turn for UK government’s ‘mini’ Budget
Wall Street stocks bounced back from a sharp early sell-off yesterday after a widely anticipated US inflation report came in hotter than expected.
The broad S&P 500 was up 1.4 per cent by the late morning in New York, having dropped as much as 2.4 per cent earlier in the session. The Nasdaq Composite rose 0.9 per cent, recovering from a decline of almost 3.2 per cent.
The latest bout of volatility in equity markets came after the closely watched US consumer price index reading for September landed at 8.2 per cent, marking a slight easing in the annual rate of inflation from 8.3 per cent in August but above economists’ forecast of 8.1 per cent.
The core CPI reading, which excludes food and energy prices, came in at 6.6 per cent, above expectations of 6.5 per cent and the previous month’s reading of 6.3 per cent.
“The key aspect of today’s release is the continued rise in core inflation, which reached a new high: it remains the sticky part of CPI and central banks’ main headache,” said Willem Sels, global chief investment officer, global private banking and wealth at HSBC.
The dollar rose immediately after the CPI report but later reversed its gains to trade down 0.7 per cent against a basket of six peers.
The earlier strength of the dollar had helped send Japan’s yen to its lowest level since 1990 at ¥147.67.
The pound added more than 2 per cent against the US currency to $1.1340 as it emerged that Prime Minister Liz Truss was in discussions about a major U-turn on the government’s “mini” Budget.
Futures markets yesterday signalled that investors had cranked up their expectations of how far the US central bank will lift borrowing costs, now anticipating a rate of almost 4.9 per cent by May 2023 — up from projections a day earlier of just under 4.65 per cent.
US government bonds were hit by a bout of selling after the inflation data release, pushing yields higher — but this eased later in the session with the 10-year US yield up just 5 basis points to 3.95 per cent.
The two-year yield, which is more sensitive to interest rate expectations, added 16bp to 4.45 per cent.
Elsewhere in equity markets, the pan-regional Stoxx Europe 600 index closed 0.8 per cent higher, swinging back from earlier losses.
Hong Kong’s Hang Seng index closed 1.9 per cent lower.
