Answer in The Economisttml2 November 19th 2022 Finance & economics "Persistent prices --- Worst of both worlds" 1 The first paragraph of this article can be found.
The Economist November 19th 2022 Finance & economics
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swoon v. Ecstasy, obsessed, fascinated
Create a sentence
The audience is ecstatic.
Translation of this paragraph
Investors have swooned at the good news. Since early October European shares have risen, with optimistics declaring an end to the continent’s energy crisis in sight. On November 10th, on the news that America’s consumer-price inflation had come in slightly below economics’ expectations, the tech-heavy NASDAQ index rose by 7%, one of the biggest ever daily moves, as investors priced in lower interest rates.
Investors are ecstatic about this good news. European stocks have risen since early October, with optimists claiming that the energy crisis in continental Europe is about to end. As investors priced at a lower interest rate , on November 10, the Nasdaq index, which is dominated by technology stocks, rose 7%, the largest single-day gain in history, after news that U.S. consumer price inflation was slightly lower than economists' expectations.
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