Chapter 2Financial News新编英语报刊选读 Financial news, also called business news, is the coverage on fiscal policies, trade, economy, finance and consumption, etc. 新编英语报刊选读Do you know the English expression for the following Chinese华尔街 世界银行 房产泡沫 股票市场 外汇 利率 房地产新编英语报刊选读经济新闻常见专有名词 United States Federal Reserve美联储 (Fed.) IMF 国际货币基金组织（International Monetary Fund） APEC 亚太经合组织（Asian Pacific Economic Cooperation） ASEAN 东盟（Association of South East Asian Nations ） OPEC 石油输出国组织（Organization of Petroleum Exporting Countries） WTO 世界贸易组织 （World Trade Organization） World Bank 世界银行 Wall Street 华尔街新编英语报刊选读经济新闻常见专有名词 Consumer Price Index消费物价指数 New York Stock Exchange纽约证券交易所 Standard and Poors 标准普尔 Goldman Sachs 高盛公司（投资银行） Merrill Lynch美林证券公司（投资银行） J.P. Morgan摩根大通公司 Bear Stearns贝尔斯登公司（投资银行） NASDAQ纳斯达克（全证券商协会自动报价系统）纳斯达 克股票市场代名词 Dow Jones Industrial Average道琼斯工业指数新编英语报刊选读经济新闻常见术语 futures n. 期货 security n. 证券 bond n.债券 share n.股票 list v.上市 shareholder n.股东 real estate 房地产 deficit n.赤字 fiscal stimulus 财政刺激 deflation n.通货紧缩 foreign exchange 外汇新编英语报刊选读经济新闻常见术语 trade surplus 贸易顺差 trade deficit 贸易逆差 tariff n.关税 appreciate v.增值 depreciate v.贬值 interest rate 利率 housing bubble 房产泡沫 investment bank 投资银行 unemployment n.失业 financial crisis 金融危机 trade protectionism 贸易保护主义新编英语报刊选读Please turn to page 210 for more words and expressions A Few Surprises Could Make 2011 a WinnerPassage 2 on page 79新编英语报刊选读Have you ever invested money in the stock market?If you have a sum of money at hand, are you going to save it or invest it in the stock market?Questions for discussion新编英语报刊选读Its hard to anticipate the direction of financial markets. Even knowing where economies are headed sometimes is of no help to an investor.Warning新编英语报刊选读A Few Surprises Could Make 2011 a Winner新编英语报刊选读Please turn to page 79Group 1 (Para. 1-5)Group 2 (Para. 6-10)Group 3 (Para. 11-12)Group 4 (Para. 13-16)Group 5 (Para. 17-20)Group 6 (Para. 21-23)Group 7 (Para. 24-25)Reading task新编英语报刊选读Report what you have found or raise some questions新编英语报刊选读Group 1 (Para. 1-5) ConclusionIts hard to anticipate the direction of financial markets. The unpredictable nature of markets is a reason to focus on possible surprises for this year. 1. Why is it sometimes of no help to an investor even if he knows where economies are headed? 2. Did all The Wall Street Journal Sundays expectations come true?新编英语报刊选读1. But as of Dec. 23, stock markets of both nations were in the red for the year. (Para. 2) as of: from, since 自; 从开始 in the red: in debt or losing money 负债,亏损Translation但从今年12月23日开始，两国股市开始下挫。 Examples1. The regulations come into force as of today.本条例自即日起施行.2. Jack often runs his fathers company in the red. 杰克经营他父亲的公司时时常亏损.Understanding Sentences新编英语报刊选读2. But expectations of gains for health-care shares and weakness for oil prices proved misplaced. (Para. 4) misplaced: inappropriate, or directed towards the wrong thing or personTranslation但关于医疗类股上涨和油价走软等预测，后来却与实际情况 恰好相反。ExamplesI think your concern is misplaced. Ackroyd is no threat to anyone.我认为你多虑了，阿克罗伊德不会对任何人构成 威胁。Understanding Sentences新编英语报刊选读Group 2 (Para. 6-10) ConclusionThe stock market will slowly moves higher. 3. What are the key reasons for a slow, steady grind higher this year?新编英语报刊选读2. The last thing many investors expect this year is a slow, steady grind higher. (Para. 7) grind: something that is hard work and tiring because it takes a lot of your time and energyTranslation很多投资者预计股市今年最不可能出现的情况就是缓慢、稳 步上升。ExamplesAnalysts said that the rise in stocks was a sign that the markets slow grind higher is continuing after a slide Friday. 分析师称，尽管经历了上周五的大幅下挫，市场仍 处于慢牛格局中。Understanding Sentences新编英语报刊选读Group 3 (Para. 11-12) ConclusionIt is likely that January could be strong since institutions are becoming more upbeat. 4. Why are some analysts worried about the stock markets near-team outlook? 5. What does the data collected by Jack Ablin suggest?新编英语报刊选读2. There numbers suggest that institutions are becoming more upbeat about stocks and January could be strong. (Para. 12) upbeat : optimistic, feeling that the future will be goodTranslation这些数据显示机构对股市持越来越乐观的态度，未来一月很 可能会有一波行情。ExamplesPaul is feeling OK and remains upbeat. 保罗感觉良好，仍然很乐观。Understanding Sentences新编英语报刊选读Group 4 (Para. 13-16) ConclusionThere might be a rate hike if the US economy slowly improves, volatility drops and stock markets edge higher. 6. Why is it likely that the interest rates will rise in 2011? 7. What are the possible effects of the possibility of higher US interest rates?新编英语报刊选读Word Study 1. edge v. (Para. 13) 1) the outside limit of an object or an aera 边缘；边线； 边沿Her mother went with her to the edge of the village.她母亲陪她走到了村头。.2) to increase or decrease slightly 略为增加（或减少）He is edging ahead in the opinion polls.他在民意测验中的支持率正一点点攀升。3) a slight advantage over sb/sth （微弱的）优势The three days France have to prepare could give them the edge over England. 法国有3天的准备时间，这可能会让他们在对阵英格兰时