[In-depth] Global market wrap-up _ 071619
- 5 years ago
증시 대담
It's time now for an in-depth look at the markets this afternoon.
And for that, I'm joined on the line by Mr. Daniel Yoo, global strategist at Kiwoom Securities.
Mr. Yoo, thank you for coming on today.
You're welcome.
U.S. stocks closed again at all-time highs on Monday, though it wasn't as big of a jump. It seems there's some caution ahead of earnings season. Korean stocks bouncing back too. What's the story today?
We are expecting only 25 basis points cut in rate on July 31
If we see 2Q earnings to be down by 2.6% yoy.
Key question is how much decline.
Also, if you see no recession in the near future, and rate was first cut, then market can rise
Korean market was flat
Japan showed decline, Chinese market also pretty much flat. Waiting for earnings.
Reuters cites a former U.S. government official as saying that the Trump administration might let American companies start supplying Huawei again within a couple of weeks. That's created some anticipation for a rebound in stocks related to chips and 5G. How's the market responding?
5G is very important. 5G equipment of China is world class.
4th industrial revolution - foundary business. Samsung, TSMC
China providing telecom equipment…
We continue to recommend 5 G plays…
Now, here in Korea, there's a lot of money moving into dollars and gold. The Bank of Korea says dollar balances in June were at their highest since last November. Why is that, and how long will this go on?
When you are rate cut environment, higher liquidity is expected.
Commodity price rise accordingly.
Also, currency war worries, where Korea is expected to cut rates as well.
This increases alternative assets other than cash rises.
We do expect that trend is up trend but the extent of it will not be steep.
Alright, Mr. Yoo. That's where we'll have to leave it for now.
Thanks so much for making time today.
It's time now for an in-depth look at the markets this afternoon.
And for that, I'm joined on the line by Mr. Daniel Yoo, global strategist at Kiwoom Securities.
Mr. Yoo, thank you for coming on today.
You're welcome.
U.S. stocks closed again at all-time highs on Monday, though it wasn't as big of a jump. It seems there's some caution ahead of earnings season. Korean stocks bouncing back too. What's the story today?
We are expecting only 25 basis points cut in rate on July 31
If we see 2Q earnings to be down by 2.6% yoy.
Key question is how much decline.
Also, if you see no recession in the near future, and rate was first cut, then market can rise
Korean market was flat
Japan showed decline, Chinese market also pretty much flat. Waiting for earnings.
Reuters cites a former U.S. government official as saying that the Trump administration might let American companies start supplying Huawei again within a couple of weeks. That's created some anticipation for a rebound in stocks related to chips and 5G. How's the market responding?
5G is very important. 5G equipment of China is world class.
4th industrial revolution - foundary business. Samsung, TSMC
China providing telecom equipment…
We continue to recommend 5 G plays…
Now, here in Korea, there's a lot of money moving into dollars and gold. The Bank of Korea says dollar balances in June were at their highest since last November. Why is that, and how long will this go on?
When you are rate cut environment, higher liquidity is expected.
Commodity price rise accordingly.
Also, currency war worries, where Korea is expected to cut rates as well.
This increases alternative assets other than cash rises.
We do expect that trend is up trend but the extent of it will not be steep.
Alright, Mr. Yoo. That's where we'll have to leave it for now.
Thanks so much for making time today.