VOA标准英语2010年-World Financial Markets Sharply Lower

A trader watches a screen at Madrid's Stock Exchange. European stocks have steadied despite a plunge¹ in Asian markets. Investors³ worry that Greece's debt crisis could spread, 6 May 2010.

A triple-dose of economic worries sent global financial markets sharply lower Thursday. There are mounting concerns about Europe's debt situation and signals of U.S. economic weakness triggered a sell-off of shares on both sides of the Atlantic, following earlier losses in Asia.

 For weeks, the Greek debt crisis has taxed investor² optimism while sapping strength from the Euro. The global downward market trend accelerated Thursday with two economic reports that cast doubt on the sustained vitality⁴ of the U.S. economic recovery.

First, the Labor⁵ Department reported a spike⁶ in the number of Americans filing for jobless benefits. The number of newly-laid off workers jumped unexpectedly to 471,000 last week, 25,000 more than the previous week. PNC Financial chief economist⁷ Stuart Hoffman says the data point to continued layoffs⁸ and weak job creation in the United States.

/// HOFFMAN ACT ///

"What you want to see over time is this number move not only below 450 [thousand], but below 400,000 before the economy is generating the strong job gains that we would all like to see.

Economists⁹ have long assumed that job creation would lag behind overall improvement of economic conditions in the United States. But another report has cast doubt on the second part of that assumption. After rising steadily¹⁰ for more than a year, the index of leading economic indicators¹¹ actually slipped by .1 percent in April, according to a private research group. Six of 10 components¹² of the index deteriorated¹³, including new home permit applications, jobless claims, and factory materials deliveries.

The onslaught of worrisome news is creating an investor climate similar to a brief panic that erupted on May 6,, when the Dow Jones Industrial Average plunged¹⁴ by 1000 points before bouncing back later in the day, according to UBS Financial Services market analyst¹⁵ Art Cashin.

"This is the same trading environment that we had May 6. And if the computers start to go crazy, we could have some problems."

/// END ACT ///

The events of May 6 triggered an investigation¹⁶ as to whether the feverish¹⁷ sell-off stemmed from a computer glitch¹⁸ or market manipulation.

But not everyone is panicked.

/// BOBRINSKOY ACT ///

"No doubt about it: fear levels are up a lot."

Even so, overall economic conditions do not justify¹⁹ that fear, according to Charles Bobrinskoy of Chicago-based Ariel Investments.

/// BOBRINSKOY ACT ///

"We remain cautiously optimistic about the U.S. economy. In fact, the manufacturers who are filling inventory²⁰ levels are telling us that inventories²¹ were at unsustainably-low levels, and so business is [now] better. I think this is a case right now of fear getting ahead of reality."

Bobrinskoy spoke²² on Bloomberg Television.

Markets in Paris and Frankfurt closed down more than 2 percent. London and Tokyo lost just over 1.5 percent on the day. ///Rest Opt// Wall Street's Dow Jones Industrial Average was down more than 3 percent in mid-day trading.

 

1 plunge   

v.跳入，(使)投入，(使)陷入；猛冲

参考例句：

• Test pool's water temperature before you plunge in.在你跳入之前你应该测试水温。
• That would plunge them in the broil of the two countries.那将会使他们陷入这两国的争斗之中。

2 investor   

n.投资者，投资人

参考例句：

• My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
• The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。

3 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

4 vitality   

n.活力，生命力，效力

参考例句：

• He came back from his holiday bursting with vitality and good health.他度假归来之后，身强体壮，充满活力。
• He is an ambitious young man full of enthusiasm and vitality.他是个充满热情与活力的有远大抱负的青年。

5 labor   

n.劳动，努力，工作，劳工；分娩；vi.劳动，努力，苦干；vt.详细分析；麻烦

参考例句：

• We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
• He was completely spent after two weeks of hard labor.艰苦劳动两周后，他已经疲惫不堪了。

6 spike   

n.长钉，钉鞋；v.以大钉钉牢，使...失效

参考例句：

• The spike pierced the receipts and held them in order.那个钉子穿过那些收据并使之按顺序排列。
• They'll do anything to spike the guns of the opposition.他们会使出各种手段来挫败对手。

7 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

8 layoffs   

临时解雇( layoff的名词复数 )； 停工，停止活动

参考例句：

• Textile companies announced 2000 fresh layoffs last week. 各纺织公司上周宣布再次裁员两千人。
• Stock prices broke when the firm suddenly announced layoffs. 当公司突然宣布裁员时，股票价格便大跌

9 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

10 steadily   

adv.稳定地；不变地；持续地

参考例句：

• The scope of man's use of natural resources will steadily grow.人类利用自然资源的广度将日益扩大。
• Our educational reform was steadily led onto the correct path.我们的教学改革慢慢上轨道了。

11 indicators   

（仪器上显示温度、压力、耗油量等的）指针( indicator的名词复数 )； 指示物； （车辆上的）转弯指示灯； 指示信号

参考例句：

• The economic indicators are better than expected. 经济指标比预期的好。
• It is still difficult to develop indicators for many concepts used in social science. 为社会科学领域的许多概念确立一个指标仍然很难。

12 components   

（机器、设备等的）构成要素，零件，成分； 成分( component的名词复数 )； [物理化学]组分； [数学]分量； （混合物的）组成部分

参考例句：

• the components of a machine 机器部件
• Our chemistry teacher often reduces a compound to its components in lab. 在实验室中化学老师常把化合物分解为各种成分。

13 deteriorated   

恶化，变坏( deteriorate的过去式和过去分词 )

参考例句：

• Her health deteriorated rapidly, and she died shortly afterwards. 她的健康状况急剧恶化，不久便去世了。
• His condition steadily deteriorated. 他的病情恶化，日甚一日。

14 plunged   

v.颠簸( plunge的过去式和过去分词 )；暴跌；骤降；突降

参考例句：

• The train derailed and plunged into the river. 火车脱轨栽进了河里。
• She lost her balance and plunged 100 feet to her death. 她没有站稳，从100英尺的高处跌下摔死了。

15 analyst   

n.分析家，化验员；心理分析学家

参考例句：

• What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
• The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。

16 investigation   

n.调查，调查研究

参考例句：

• In an investigation,a new fact became known, which told against him.在调查中新发现了一件对他不利的事实。
• He drew the conclusion by building on his own investigation.他根据自己的调查研究作出结论。

17 feverish   

adj.发烧的，狂热的，兴奋的

参考例句：

• He is too feverish to rest.他兴奋得安静不下来。
• They worked with feverish haste to finish the job.为了完成此事他们以狂热的速度工作着。

18 glitch   

n.干扰；误操作，小故障

参考例句：

• There is a glitch in the computer program somewhere.这个计算机程序中的某个部分有点小问题。
• It could just be a random glitch that can be solved by restarting the machine.可能只是一个小故障，重新启动主机就能解决了。

19 justify   

vt.证明…正当(或有理)，为…辩护

参考例句：

• He tried to justify his absence with lame excuses.他想用站不住脚的借口为自己的缺席辩解。
• Can you justify your rude behavior to me?你能向我证明你的粗野行为是有道理的吗？

20 inventory   

n.详细目录，存货清单

参考例句：

• Some stores inventory their stock once a week.有些商店每周清点存货一次。
• We will need to call on our supplier to get more inventory.我们必须请供应商送来更多存货。

21 inventories   

n.总结( inventory的名词复数 )；细账；存货清单（或财产目录）的编制

参考例句：

• In other cases, such as inventories, inputs and outputs are both continuous. 在另一些情况下，比如存货，其投入和产出都是持续不断的。
• The store must clear its winter inventories by April 1st. 该店必须在4月1日前售清冬季存货。

22 spoke   

n.（车轮的）辐条；轮辐；破坏某人的计划；阻挠某人的行动 v.讲，谈（speak的过去式）；说；演说；从某种观点来说

参考例句：

• They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
• The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。