[In-depth] Global market wrap-up _ 080119
- 5 years ago
증시 대담
It's time now for an in-depth look at the global 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 as always for coming on today.
You're welcome.
So the South Korean and Japanese foreign ministers met face to face today in Bangkok at the ASEAN meeting. Things were reportedly tense. It's expected that we're only one day away from Japan deciding to take another big step in restricting trade with Korea by taking it off Japan's white list. Do you think that this meeting will do anything to change that?
Diplomatic ministers from both South Korea and Japan will hold talks today (Tuesday) in Bangkok, Thailand, while Japan is expected to make a decision to exclude Korea from the white country list tomorrow (2 days).
The Foreign Ministry of Korea said it will hold talks with Japanese Foreign Minister Kono daro in Bangkok, Thailand at 10:40 am local time today at 8:40 am local time while attending the ASEAN-related Foreign Ministers' Meeting.
It is the first time that Japan and Korea-Japan foreign ministers talks are held since Japan imposed export control on 4 July.
Foreign Minister Kang Kyung-hwa said, "We will talk about the relationship between the two countries that should not be catastrophic."
Kang is expected to emphasize that if Korea should not excluded from the white country at the meeting as it will ultimately damage Japan. Japanese Foreign Minister Nobutaka Konodo is expected to stick to his government's current stance that Korea should first resolve the current situation regarding the compulsory compensation award.
The talks between the two Koreas, including the US Secretary of State for Pompeii, will be held soon after the Korea-Japan Foreign Ministers' Meeting. US Secretary of State said he will encourage South Korea and Japan to find a way forward.
As expected the Federal Reserve has lowered interest rates by 25 basis points in the first rate cut in ten years. What was behind that decision and where does the Fed go from here?
Powell said he was "definitely on the insurance side" in the press conference after the rate cut, saying that it is not the start of a long-term series of interest rate cuts.
However US inflation coming in well below 2% target - now at 1.6%, and economy slowing to 2.1% growth rate (2.3% yoy growth), I expect further cut.
Despite the rate cut, all three main indexes on Wall Street were down by more than 1 percent on Wednesday. What happened there and how are other markets looking?
Powell said he was "definitely on the insurance side" in the press conference after the rate cut, saying that it is not the start of a long-term series of interest rate cuts.
This caused panic selling. Liquidity injection limited? Market might be too high in terms of valuation.
Dollar strengthened.
US stocks cut 0.25%, but stronger than expected US dollar, adjusted for large US stocks: So, is global stock market correction started now? 2 Fed members
It's time now for an in-depth look at the global 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 as always for coming on today.
You're welcome.
So the South Korean and Japanese foreign ministers met face to face today in Bangkok at the ASEAN meeting. Things were reportedly tense. It's expected that we're only one day away from Japan deciding to take another big step in restricting trade with Korea by taking it off Japan's white list. Do you think that this meeting will do anything to change that?
Diplomatic ministers from both South Korea and Japan will hold talks today (Tuesday) in Bangkok, Thailand, while Japan is expected to make a decision to exclude Korea from the white country list tomorrow (2 days).
The Foreign Ministry of Korea said it will hold talks with Japanese Foreign Minister Kono daro in Bangkok, Thailand at 10:40 am local time today at 8:40 am local time while attending the ASEAN-related Foreign Ministers' Meeting.
It is the first time that Japan and Korea-Japan foreign ministers talks are held since Japan imposed export control on 4 July.
Foreign Minister Kang Kyung-hwa said, "We will talk about the relationship between the two countries that should not be catastrophic."
Kang is expected to emphasize that if Korea should not excluded from the white country at the meeting as it will ultimately damage Japan. Japanese Foreign Minister Nobutaka Konodo is expected to stick to his government's current stance that Korea should first resolve the current situation regarding the compulsory compensation award.
The talks between the two Koreas, including the US Secretary of State for Pompeii, will be held soon after the Korea-Japan Foreign Ministers' Meeting. US Secretary of State said he will encourage South Korea and Japan to find a way forward.
As expected the Federal Reserve has lowered interest rates by 25 basis points in the first rate cut in ten years. What was behind that decision and where does the Fed go from here?
Powell said he was "definitely on the insurance side" in the press conference after the rate cut, saying that it is not the start of a long-term series of interest rate cuts.
However US inflation coming in well below 2% target - now at 1.6%, and economy slowing to 2.1% growth rate (2.3% yoy growth), I expect further cut.
Despite the rate cut, all three main indexes on Wall Street were down by more than 1 percent on Wednesday. What happened there and how are other markets looking?
Powell said he was "definitely on the insurance side" in the press conference after the rate cut, saying that it is not the start of a long-term series of interest rate cuts.
This caused panic selling. Liquidity injection limited? Market might be too high in terms of valuation.
Dollar strengthened.
US stocks cut 0.25%, but stronger than expected US dollar, adjusted for large US stocks: So, is global stock market correction started now? 2 Fed members