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Description

【今日单词】

jolt

verb

push or shake (someone or something) abruptly and roughly.

"a surge in the crowd behind him jolted him forwards"

bout

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

• Global stocks extend falls into new month over darkening outlook

• Treasuries under pressure from strong weekly jobless claims data

Global stocks dropped and the dollar jumped after gloomy data from the manufacturing powerhouse compounded investor worries that the global economy is faltering.

Wall Street’s S&P 500 was down 0.9 per cent by the early afternoon in New York, leaving it on track to close down for a fifth day in what would be its longest losing streak since mid-July.

The latest bout of equity selling highlights how many investors are worried that surging energy prices will weigh on consumers and businesses worldwide, just as central banks are raising borrowing costs in an attempt to damp down blistering inflation.

Across the Atlantic, the Stoxx Europe 600 index retreated 1.8 per cent.

Traders darted into the dollar, seen as a shelter during times of market tumult, sending a measure of the US currency against half a dozen peers rallying as much as 1 per cent to a new 20-year high.

Other currencies slumped against the dollar with the pound falling as much as 1 per cent to $1.15, the euro falling up to 1.4 per cent to $0.991 and Japan’s yen losing as much as 0.9 per cent to touch ¥140 for the first time since 1998.

Oil, which is sensitive to expectations for global growth, extended a recent fall. Brent, the global benchmark, slipped 3.3 per cent to $92.52 a barrel, down from a high of more than $105 on Tuesday.

US government bonds came under selling pressure following strong weekly jobless claims data.

The yield on the 10-year Treasury note added 13 basis points to 3.27 per cent while the yield on the two-year note, which closely tracks interest rate expectations, added as much as 10bp to 3.55 per cent, hitting a new 15-year high.