【今日单词】
barrage
noun
a concentrated artillery bombardment over a wide area.
"his forces launched an artillery barrage on the city"
recoil
verb
1.suddenly spring or flinch back in fear, horror, or disgust.
"he recoiled in horror"
2.rebound or spring back through force of impact or elasticity.
"the muscle has the ability to recoil"
复习一下之前出现的一个单词：emphatic
adjective
expressing something forcibly and clearly.
"the children were emphatic that they would like to repeat the experience"
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原文如下：
The day in the markets
by Harriet Clarfelt, Chris Flood, Nicholas Megaw and Colby Smith
(来自：The Financial Time 金融时报)
What you need to know
• Stocks and oil slide at end of turbulent week for global markets
• Barrage of central bank rate increases spooks investors
• UK mini-budget pushes up gilt yields by historic magnitudes and pound slides
Stocks tumbled at the end of a tumultuous week and oil prices recoiled as fears over the health of the global economy rippled through financial markets.
Wall Street’s S&P 500 and the tech-heavy Nasdaq Composite both lost about 2 per cent, putting the indices on course for a fourth consecutive daily fall.
Across the Atlantic, the Stoxx Europe 600 dropped 2.3 per cent to close more than 20 per cent below its January high, putting the regional gauge in “bear market” territory.
Those sharp moves came days after the US Federal Reserve fired the starting gun on another round of interest rate rises by international central banks.
Concerns have intensified in recent months that authorities will turn the screws on monetary policy so aggressively that they squash demand, compounding an economic slowdown.
Those worries have fuelled volatile trading this week with emphatic swings in stock prices and bond yields.
Rising US interest rates and the looming threat of a recession in the world’s largest economy prompted Wall Street bank Goldman Sachs to cut its year-end forecast for the S&P 500 index to 3,600 — implying a decline of about 4 per cent from Thursday’s closing level.
In a further sign of recessionary fears gripping markets, international oil benchmark Brent crude slid more than 5 per cent to its weakest level since January, at below $86 a barrel — pushed lower by expectations of waning demand.
Meanwhile, in an announcement that weighed acutely on UK markets, new chancellor Kwasi Kwarteng unveiled a “mini-budget” including details of a package aimed at stimulating growth in Britain’s stagnating economy.
London’s FTSE 100 closed down 2 per cent. UK government bond yields jumped by historic magnitudes across all maturities in a reflection of concerns over the cost of the government’s borrowing strategy, which will be financed in large part by selling gilts.
The 10-year gilt yield soared 33 basis points to 3.83 per cent, bringing its rise for the week to more than 60bp — one of the biggest increases on record.
In currencies, the pound slid more than 3 per cent against the dollar to below $1.09, its weakest point since 1985.
The dollar rose 1.4 per cent against a basket of six peers to hit a fresh 20-year high.
