In-depth: Global market wrap-up
- 5 years ago
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 Yuanta Securities.
Mr. Yoo, thank you for coming on.
New doubts have been raised about the U.S.-China trade deal. China saying it wants another round of talks before it signs. Yesterday stocks were down slightly on Wall Street. What's the story here?
According to Trump, First phase is done. Will sign document within next 3~5 weeks.
This will include issue of Intellectual Property Rights, Technology transfer, and financial market opening.
Also, potential for purchase of 40~50 billion worth of Agricultural goods and port from US was included.
However, we did not see the document. So doubts remain
It would seem U.S.-China trade is having an effect on the exchange rate in Korea. The won has gained back a lot of strength against the dollar, almost back down to 11-80. What do you see happening in the days and weeks to come?
Korean Won appreciated to 1184.5Won today.
US rate cut expected on October 30th
Most likely that Korean will be stable.
Dollar moderate weakness likely.
The Bank of Korea will be deciding on interest rates tomorrow. What does the market think will happen, and will that be a big factor in stocks?
CD rate 1.55%, call rate 1.53%, 3years 1.28% government.
Lowest was 1.09% at the middle of August.
Now it is at 1.28%. I like to see more aggressive rate cut. But still market is not discounting that rate cut yet. Eventually, 2% growth rate of GDP is achievable then no rate cut.
Sentiment still weak in terms of export.
Alright, Mr. Yoo. That's where we'll have to leave it for today.
Thanks so much for coming on.
And for that, I'm joined on the line by Mr. Daniel Yoo, global strategist at Yuanta Securities.
Mr. Yoo, thank you for coming on.
New doubts have been raised about the U.S.-China trade deal. China saying it wants another round of talks before it signs. Yesterday stocks were down slightly on Wall Street. What's the story here?
According to Trump, First phase is done. Will sign document within next 3~5 weeks.
This will include issue of Intellectual Property Rights, Technology transfer, and financial market opening.
Also, potential for purchase of 40~50 billion worth of Agricultural goods and port from US was included.
However, we did not see the document. So doubts remain
It would seem U.S.-China trade is having an effect on the exchange rate in Korea. The won has gained back a lot of strength against the dollar, almost back down to 11-80. What do you see happening in the days and weeks to come?
Korean Won appreciated to 1184.5Won today.
US rate cut expected on October 30th
Most likely that Korean will be stable.
Dollar moderate weakness likely.
The Bank of Korea will be deciding on interest rates tomorrow. What does the market think will happen, and will that be a big factor in stocks?
CD rate 1.55%, call rate 1.53%, 3years 1.28% government.
Lowest was 1.09% at the middle of August.
Now it is at 1.28%. I like to see more aggressive rate cut. But still market is not discounting that rate cut yet. Eventually, 2% growth rate of GDP is achievable then no rate cut.
Sentiment still weak in terms of export.
Alright, Mr. Yoo. That's where we'll have to leave it for today.
Thanks so much for coming on.