每日晨读金融时报 25Oct2022 英语口语听力 附原文及实用单词短语

【今日单词】grapple (with) /ˈɡræp. əl/ to try to deal with or understand a difficult problem or subjectToday, many Americans are still grappling with the issue of race.----------------------------原文如下：The day in the marketsby Harriet Clarfelt, Ian Johnston and Hudson Lockett(来自：The Financial Time 金融时报)What you need to know• Wall Street stocks advance as investors assess rate rise outlook• Gilts under pressure against uncertain political backdrop• Dollar slides lower while the pound and yen stage bouncebacksWall Street stocks rose yesterday in volatile trading as investors weighed the latest flurry of corporate earnings updates and reassessed the outlook for US interest rate rises.The S&P 500 was up 1.6 per cent by the early afternoon in New York while the technology-heavy Nasdaq Composite rose 1.3 per cent.Those moves came as an article from The Wall Street Journal suggested that Fed rate-setters might shift towards a tamer pace of interest rate rises from December.Markets yesterday were pricing in expectations of US interest rates rising to just under 4.9 per cent by May 2023, down from expectations of 5.02 per cent on Thursday.Investors were also scrutinising the latest financial statements from companies during the earnings season, searching for signs of strain from high inflation, rising borrowing costs and challenging economic conditions.Shares of Snap tumbled 30 per cent after the developer of camera and messaging app Snapchat revealed late on Thursday that revenue growth had slowed and losses ballooned in the third quarter.Across the Atlantic, the Stoxx Europe 600 share gauge lost 0.6 per cent.In government debt markets, US bonds steadied after coming under pressure earlier in the session.The yield on the benchmark 10-year US Treasury note was flat at 4.22 per cent.The equivalent UK bond yield soared 16 basis points to 4.06 per cent as markets grappled with uncertainty over the government’s borrowing plans following the departure of Liz Truss as prime minister.German bond prices also slipped lower with the 10-year Bund yield rising 2bp to 2.42 per cent.In currencies, the dollar pared gains earlier in the session to trade 0.9 per cent lower against a basket of peers while the pound also reversed course to trade up 0.3 per cent on the day against the dollar at $1.1260.Japan’s yen fell as low as ¥151.94 against the dollar after sliding through ¥150 in the previous session for the first time since 1990.The yen later shot higher at what is typically a quiet time of the week for the currency, touching ¥146.23.Traders said the sudden ascent in the yen bore the signs of official purchases from policymakers.