经贸英语阅读教程text 5(3).pptx

Text 5 Stocks and the Economy, Singing Different TunesI. Related Words and Expressions financial market stock marketthe Standard & Poor’s 500-stock index market returns portfolio asset bull market dividend interestII. Notes to the Text (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 Astock marketorequity market is a public entity (a work of economic transactions, not a physical facility or discrete entity) for the trading pany stock(shares) andderivativesat an agreed price; these aresecurities listed on astock exchangeas well as those only traded privately. The size of the world stock market was estimated at about $ at the beginning of October 2008. Thetotalworld derivatives market has been estimated at about $791trillion face or nominal value,11 times the size of the entire world value of the derivatives market, because it is stated in terms ofnotional 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 urring). Many such relatively illiquid securities are valued asmarked to model, rather than an actual market price. The stocks are listed and traded on stock exchanges which are entities of a corporation anizationspecialized in the business of bringing buyers and sellers of anizations to a li