【今日单词】
myriad /ˈmɪrɪəd/
adjective
countless or extremely great in number.
"he gazed at the myriad lights of the city"
----------------------------
原文如下：
The day in the markets
by Derek Brower and George Steer
(来自：The Financial Time 金融时报)
What you need to know
• Crude slides on mounting worries about demand
• US Treasuries sell off on hawkish warnings from Fed officials
• European stocks advance but Asian indices extend week’s losses
Oil prices fell sharply yesterday as (a result of) mounting concerns ......
West Texas Intermediate, the US benchmark, was down more than 4 per cent to $78.50 a barrel, its lowest price since September.
The WTI futures curve also switched into mild contango — a structure in which the forward price of a contract is more expensive than the spot price and which reflects perceptions of oversupply.
Brent crude, the international marker, retreated 3.3 per cent.
Yeterday’s early sell-off left US oil prices down around 10 per cent this week and 15 per cent below the highs struck in October after the Opec+ cartel defied US pressure to announce a plan to slash production in a bid to prop up a weakening crude market.
The International Energy Agency this week trimmed its forecast for global oil consumption growth next year, citing “myriad” headwinds for demand, including “rising recession odds, ... Europe’s energy crisis” and the stronger dollar.
In equities, US stocks inched higher as investors balanced data showing an easing in inflation in the world’s biggest economy against hawkish warnings from the Federal Reserve — Wall Street’s benchmark S&P 500 adding 0.1 per cent.
The moves came after US equities fell on Thursday, prompted by a warning from James Bullard, president of the St Louis Fed, that previous interest rate rises had “only a limited effect on observed inflation”.
Bullard’s comments also sparked a modest sell-off in US government bonds with the two-year Treasury yield, which is particularly sensitive to interest rate expectations, adding a further 2 basis points yesterday to 4.47 per cent.
The benchmark 10-year Treasury yield rose 4bp to 3.81 per cent as prices fell.
The US Dollar index, which tracks the currency against a basket of six of its peers, added 0.1 per cent, although it has fallen more than 4 per cent in November.
Elsewhere in equity markets, the pan-regional Stoxx Europe 600 added 1.2 per cent and London’s FTSE rose 0.5 per cent.
Asian equities fell, adding to losses earlier in the week, with Hong Kong’s Hang Seng index sliding 0.3 per cent and the CSI 300 index of Shanghai and Shenzhen stocks retreating 0.5 per cent.
