【今日单词&短语】
dwindling /ˈdwɪndlɪŋ/
adjective
gradually diminishing in size, amount, or strength.
"dwindling resources"
prop up
to stop (something) from falling or slipping by placing something under or against it. We propped up the beams with long boards.
succumb /səˈkʌm/
verb
fail to resist pressure, temptation, or some other negative force.
"we cannot merely give up and succumb to despair"
malaise /maˈleɪz/
noun
a general feeling of discomfort, illness, or unease whose exact cause is difficult to identify.
"a general air of malaise"
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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 slide as retail sales figures beat forecasts
• US industrial production falls in October despite projections of 0.2% rise
...
US stocks fell yesterday as investors digested hotter than expected retail sales data and a slowdown in manufacturing output growth in the world’s biggest economy.
Wall Street’s benchmark S&P 500 sank 0.5 per cent and the tech-heavy Nasdaq Composite lost 1.2 per cent.
The US Dollar index, which tracks the currency against six of its peers, dipped 0.1 per cent and has fallen 4.7 per cent so far in November.
Data out yesterday showed US retail sales climbed more than expected in October, rising 1.3 per cent, having levelled off in September. Economists polled by Reuters had forecast a 1 per cent rise.
“Dwindling savings and increased use of credit are keeping the consumer propped up right now,” said Shelby McFaddin, analyst at Motley Fool Asset Management.
Another batch of data showed US manufacturing output rose 0.1 per cent in October, slightly less than the 0.2 per cent increase predicted by economists.US industrial production, which includes mining and utilities plus manufacturing, fell 0.1 per cent. Economists had projected a rise of 0.2 per cent.
The figures suggested that US manufacturing was “slowly succumbing to the global malaise”, said Paul Ashworth, chief North America economist at Capital Economics.
In government bond markets, the yield on the two-year Treasury note, which is particularly sensitive to interest rates, added 1 basis point to 4.37 per cent.
The yield on the benchmark 10-year US note fell by 7bp to 3.72 per cent.
Across the Atlantic, the pan-regional Stoxx Europe 600 fell 1 per cent.
London’s FTSE lost 0.3 per cent after fresh data showed that UK inflation accelerated to 11.1 per cent last month, up from 10.1 per cent in September.
James Smith, economist at ING, said: “The fact that the government is effectively fixing electricity [and] gas unit prices below wholesale costs until next April means this is probably as high as it will get, though admittedly we expect headline rates to stay in double-digits until at least February next year.”
...
Hong Kong’s Hang Seng lost 0.5 per cent, the CSI 300 of Shanghai and Shenzhen stocks slid 0.8 per cent and Seoul’s Kospi fell 0.1 per cent.
