经贸英语阅读教程Text5(3).pptx

Text 5 Stocks and the Economy, Singing Different Tunes
I. Related Words and Expressions
financial market stock market
the Standard & Poor’s 500-stock index
market returns portfolio
asset bull market
dividend interest
II. Notes to the Text
Stocks
(1) 现货、存货
We usually keep a large stock of the goods. 我们通常储存大量货物。
We can supply tea from stock. 我们可以现货供应茶叶。
Walnut meat is out of stock. 核桃仁没有现货了。
take stock 盘点
(2) 表示“股票”时多用其复数形式,在这一点上,其意思与“share”相似(share做“股票”时主要用于英国)。
growth stocks/shares 成长股
preferred stocks 优先股
e stocks/shares 收益股
speculative stocks/shares 投机股
mature stocks/shares 成熟股
“glamour” stocks/shares 热门股
performance stocks/shares 表现股(又称concept stocks/shares 概念股)
(3) stock market股票市场
A stock market or equity market is a public entity (a work of economic transactions, not a physical facility or discrete entity) for the trading pany stock (shares) and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately.
The size of the world stock market was estimated at about $ trillion at the beginning of October 2008. The total world derivatives market has been estimated at about $791 trillion face or nominal value, 11 times the size of the entire world economy. The value of the derivatives market, because it is stated in terms of notional values, cannot be pared to a stock or a fixed e security, which traditionally refers to
an actual value. Moreover, the vast majority of derivatives 'cancel' each other out (., a derivative 'bet' on an event occurring is offset by parable derivative 'bet' on the event not occurring). Many such relatively illiquid securities are valued as marked to model, rather than an actual market price.
The stocks are listed and traded on stock exchanges which are entities of a corporation or anization specialized in the business of bringing buyers and sellers of anizations to a listing of stocks and securities together. The
largest stock market in the United