2007年VOA标准英语-World Stock Markets Rise After Central Banks In

By Michael Bowman
Washington
13 August 2007

Stock markets in Europe and Asia posted gains Monday, while U.S. stock markets fell slightly. VOA's Michael Bowman reports from Washington, investors¹ appeared reassured² after central banks added cash to combat tight credit conditions that roiled³ markets last week.

The U.S. Federal Reserve became the latest central bank to inject further cash, adding $2 billion of temporary reserves to the U.S. banking⁴ system. Earlier, the European Central Bank released $65 billion, in addition to some $200 billion last week, while the Bank of Japan added $5 billion.

The central bank interventions⁵ are welcome news to nervous investors, according to Hugh Johnson, who heads the New York-based investment management firm, Johnson Illington Advisors⁶.

"It shows that the central banks are not going to sit idly by and watch conditions deteriorate⁷ in the financial markets and the economy," said Johnson. "They are going to get involved, and they got involved in a very major way. So, that is encouraging."

European stock markets soared Monday, with London's Financial Times 100 index jumping three percent. The CAC-40 in Paris climbed just over two percent, while the DAX in Frankfurt gained nearly two percent. Asian markets posted modest gains.

In the United States, banks tightened⁸ lending conditions, in part, following a dramatic rise in defaults on risky⁹ home mortgages as part of an overall depressed¹⁰ housing market. A prolonged credit crunch¹¹ would be a severe blow to the nation's financial health and the world economy, constraining¹² consumers and businesses alike that rely on loans to finance purchases and other activities that contribute to economic growth.

Meanwhile, the U.S. Commerce Department reports consumer spending at a healthy level, with retail¹³ sales rising 0.3 percent in July, led by sales in clothes, furniture and electronics. Consumer spending accounts for two-thirds of total U.S. economic activity.

1 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

2 reassured   

adj.使消除疑虑的；使放心的v.再保证，恢复信心( reassure的过去式和过去分词)

参考例句：

• The captain's confidence during the storm reassured the passengers. 在风暴中船长的信念使旅客们恢复了信心。 来自《现代英汉综合大词典》
• The doctor reassured the old lady. 医生叫那位老妇人放心。 来自《简明英汉词典》

3 roiled   

v.搅混（液体）( roil的过去式和过去分词 )；使烦恼；使不安；使生气

参考例句：

• American society is being roiled by the controversy over homosexual marriage. 当今美国社会正被有关同性恋婚姻的争论搞得不得安宁。 来自互联网
• In the past few months, instability has roiled Tibet and Tibetan-inhabited areas. 在过去的几个月里，西藏和藏人居住区不稳定。 来自互联网

4 banking   

n.银行业，银行学，金融业

参考例句：

• John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
• He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

5 interventions   

n.介入，干涉，干预( intervention的名词复数 )

参考例句：

• Economic analysis of government interventions deserves detailed discussion. 政府对经济的干预应该给予充分的论述。 来自辞典例句
• The judge's frequent interventions made a mockery of justice. 法官的屡屡干预是对正义的践踏。 来自互联网

6 advisors   

n.顾问，劝告者( advisor的名词复数 )；（指导大学新生学科问题等的）指导教授

参考例句：

• The governors felt that they were being strung along by their advisors. 地方长官感到他们一直在受顾问们的愚弄。 来自《现代汉英综合大词典》
• We will consult together with advisors about her education. 我们将一起和专家商议她的教育事宜。 来自互联网

7 deteriorate   

v.变坏；恶化；退化

参考例句：

• Do you think relations between China and Japan will continue to deteriorate?你认为中日关系会继续恶化吗？
• He held that this would only cause the situation to deteriorate further.他认为，这只会使局势更加恶化。

8 tightened   

收紧( tighten的过去式和过去分词 )； （使）变紧； （使）绷紧； 加紧

参考例句：

• The rope holding the boat suddenly tightened and broke. 系船的绳子突然绷断了。
• His index finger tightened on the trigger but then relaxed again. 他的食指扣住扳机，然后又松开了。

9 risky   

adj.有风险的，冒险的

参考例句：

• It may be risky but we will chance it anyhow.这可能有危险，但我们无论如何要冒一冒险。
• He is well aware how risky this investment is.他心里对这项投资的风险十分清楚。

10 depressed   

adj.沮丧的，抑郁的，不景气的，萧条的

参考例句：

• When he was depressed,he felt utterly divorced from reality.他心情沮丧时就感到完全脱离了现实。
• His mother was depressed by the sad news.这个坏消息使他的母亲意志消沉。

11 crunch   

n.关键时刻；艰难局面；v.发出碎裂声

参考例句：

• If it comes to the crunch they'll support us.关键时刻他们是会支持我们的。
• People who crunch nuts at the movies can be very annoying.看电影时嘎吱作声地嚼干果的人会使人十分讨厌。

12 constraining   

强迫( constrain的现在分词 )； 强使； 限制； 约束

参考例句：

• He was constraining his mind not to wander from the task. 他克制着不让思想在工作时开小差。
• The most constraining resource in all of these cases is venture capital. 在所有这些情况下最受限制的资源便是投入资本。

13 retail   

v./n.零售；adv.以零售价格

参考例句：

• In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
• These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。