In-depth: Global market wrap-up
It's time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Mr. Daniel Yoo, global strategist at Yuanta Securities.
Mr. Yoo, thank you as always for coming on.
Thank you.
On the U.S.-China trade war, now we have the Chinese Vice Premier Liu He quoted by the media as saying that "substantial progress" has been made towards a phased deal. Of course President Trump also saying the talks are going well. How have the markets responded to what would seem to be positive news?
U.S. President Donald Trump on Monday said efforts to end a U.S. trade war with China were going well as the world's two largest economies continued to battle over trade and politics across the world despite heralding a long-awaited truce this month.
"The deal with China's coming along very well. They want to make a deal," Trump told reporters before a Cabinet meeting, stressing the toll that U.S. tariffs have taken on the Chinese economy. "They sort of have to make a deal ... because their supply chain is going down the tubes."
U.S. Trade Representative Robert Lighthizer told reporters the administration still aimed to finalize a deal on the first phase of the deal in time for the Asia-Pacific Economic Cooperation meetings in Chile on Nov. 16 and 17, but said there were still outstanding issues to resolve.
Asian currency in general strong, dollar weakness seen.
On the issue of Brexit, Prime Minister Boris Johnson so far unable to get his deal through parliament, but a no-deal scenario, Britain crashing out on October 31st looking less likely. How are investors dealing with this scenario?
Boris Johnson will urge MPs to back his Brexit deal later, as he launches a final bid to get the UK to leave the EU by the end of the month.
MPs are to vote on whether to back the prime minister's Withdrawal Agreement Bill, which was published on Monday.
If they back his deal, they will then be asked to approve an intensive three-day timetable in which to consider the legislation.
Opposition MPs have said this will not be enough time to scrutinise the bill.
" Brexit: A big moment - with problems and opportunities
" What is the Withdrawal Agreement Bill?
" What is in Boris Johnson's new Brexit deal?
Ministers have insisted they are confident they have the numbers to get the Withdrawal Agreement Bill approved, despite losing a crunch Commons vote on Saturday aimed at ruling out a no-deal Brexit.
MPs believed by ministers to be ready to back the prime minister include pro-Leave Labour rebels and former Tory MPs now sitting as independents who would rather leave with Mr Johnson's deal than no deal at all.
If MPs back the bill, they will then vote on the government's "programme motion", which sets out the timetable for the legislation's passage through the Commons.
Today we see the Korean currency trading at around 11-70 against the dollar. The strongest it's been in a few months. What's driving that, and where do you see it going?
Korea lowered interes
And for that, I'm joined on the line by Mr. Daniel Yoo, global strategist at Yuanta Securities.
Mr. Yoo, thank you as always for coming on.
Thank you.
On the U.S.-China trade war, now we have the Chinese Vice Premier Liu He quoted by the media as saying that "substantial progress" has been made towards a phased deal. Of course President Trump also saying the talks are going well. How have the markets responded to what would seem to be positive news?
U.S. President Donald Trump on Monday said efforts to end a U.S. trade war with China were going well as the world's two largest economies continued to battle over trade and politics across the world despite heralding a long-awaited truce this month.
"The deal with China's coming along very well. They want to make a deal," Trump told reporters before a Cabinet meeting, stressing the toll that U.S. tariffs have taken on the Chinese economy. "They sort of have to make a deal ... because their supply chain is going down the tubes."
U.S. Trade Representative Robert Lighthizer told reporters the administration still aimed to finalize a deal on the first phase of the deal in time for the Asia-Pacific Economic Cooperation meetings in Chile on Nov. 16 and 17, but said there were still outstanding issues to resolve.
Asian currency in general strong, dollar weakness seen.
On the issue of Brexit, Prime Minister Boris Johnson so far unable to get his deal through parliament, but a no-deal scenario, Britain crashing out on October 31st looking less likely. How are investors dealing with this scenario?
Boris Johnson will urge MPs to back his Brexit deal later, as he launches a final bid to get the UK to leave the EU by the end of the month.
MPs are to vote on whether to back the prime minister's Withdrawal Agreement Bill, which was published on Monday.
If they back his deal, they will then be asked to approve an intensive three-day timetable in which to consider the legislation.
Opposition MPs have said this will not be enough time to scrutinise the bill.
" Brexit: A big moment - with problems and opportunities
" What is the Withdrawal Agreement Bill?
" What is in Boris Johnson's new Brexit deal?
Ministers have insisted they are confident they have the numbers to get the Withdrawal Agreement Bill approved, despite losing a crunch Commons vote on Saturday aimed at ruling out a no-deal Brexit.
MPs believed by ministers to be ready to back the prime minister include pro-Leave Labour rebels and former Tory MPs now sitting as independents who would rather leave with Mr Johnson's deal than no deal at all.
If MPs back the bill, they will then vote on the government's "programme motion", which sets out the timetable for the legislation's passage through the Commons.
Today we see the Korean currency trading at around 11-70 against the dollar. The strongest it's been in a few months. What's driving that, and where do you see it going?
Korea lowered interes
Category
🗞
News