[In-depth] Global market wrap-up _ 061119
- 5 years ago
증시 대담
Stocks in New York continue to rally, apparently getting a boost from the Trump administration's decision to indefinitely put off the tariffs it had threatened to put on Mexico. The S&P up almost half a percent, the Nasdaq up a full 1 percent. Take us through the trade today.
Global market also continues its rising trend.
Expected additional liquidity into the system by all the central banks of the world is raising expectation.
Also, deal struck between US and Mexico is raising expectation of global trade improving in the future.
Korean market rose by half % for Kospi and 1% for Kosdaq
Also, Chinese market sharply rose upon the news that trade surplus was twice higher than expected despite US trade surplus sharply fell by over 10% in the first 4 months, and for the whole year it could fall by 24% plus.
G20 summit will become most important event of the year towards end of this month.
Oil prices meanwhile, still down quite a bit over the past month or two, West Texas at around 53 and a half dollars. Do you see that heading below 50?
With potential for global slow down due to US-China trade war, oil price remains to be weak. It has fallen 20% from peak in April.
However, I expect the oil price to be in trading range between 50~65 dollars over the long period of time.
All is about Shale Gas companies price level for break even and generate profits to reduce huge amount of debts it carry.
I estimate that it needs to keep the oil price well above 50 dollars per barrel in order to success in the long run.
In US-China trade war, ammunition for US to attack China is Oil price, lowering electricity cost for US being so much lower than rest of the world.
Let's look at the data coming out this week and other events. Yesterday, a report from the Korea Development Institute showed the local economy continuing to stagnate. On Thursday, we'll have another green book from the finance ministry, which will be closely watched. What else is on the schedule this week?
Korea's heavy dependency on Dram puts heavy burden
Also recent sharp drop of ship orders also puts pressure
Despite currency remains weak allowing higher competitiveness of Korean exporters, weak domestic consumption is main problem.
Property price being weak, consumer lending kept tight, and delay of supplementary budget are all reasons for the weak economic numbers.
We need to watch out for G20 summit results between US and China
Also, oil price remaining low while electricity cost can be lowered for Korea in order for it to be competitive to produce in Korea.
Next week, the number of new employees will rise again by over 200,000?
The government will diagnose the economy in recent economic trends (Green Book).
From this day on, it will also be possible to revitalize demand for interest rate cuts for consumers to financial institutions.
Interest rate cuts can be exercised when a customer's employment, promotion, property increase, or credit rating rises.
The financial institution s
Stocks in New York continue to rally, apparently getting a boost from the Trump administration's decision to indefinitely put off the tariffs it had threatened to put on Mexico. The S&P up almost half a percent, the Nasdaq up a full 1 percent. Take us through the trade today.
Global market also continues its rising trend.
Expected additional liquidity into the system by all the central banks of the world is raising expectation.
Also, deal struck between US and Mexico is raising expectation of global trade improving in the future.
Korean market rose by half % for Kospi and 1% for Kosdaq
Also, Chinese market sharply rose upon the news that trade surplus was twice higher than expected despite US trade surplus sharply fell by over 10% in the first 4 months, and for the whole year it could fall by 24% plus.
G20 summit will become most important event of the year towards end of this month.
Oil prices meanwhile, still down quite a bit over the past month or two, West Texas at around 53 and a half dollars. Do you see that heading below 50?
With potential for global slow down due to US-China trade war, oil price remains to be weak. It has fallen 20% from peak in April.
However, I expect the oil price to be in trading range between 50~65 dollars over the long period of time.
All is about Shale Gas companies price level for break even and generate profits to reduce huge amount of debts it carry.
I estimate that it needs to keep the oil price well above 50 dollars per barrel in order to success in the long run.
In US-China trade war, ammunition for US to attack China is Oil price, lowering electricity cost for US being so much lower than rest of the world.
Let's look at the data coming out this week and other events. Yesterday, a report from the Korea Development Institute showed the local economy continuing to stagnate. On Thursday, we'll have another green book from the finance ministry, which will be closely watched. What else is on the schedule this week?
Korea's heavy dependency on Dram puts heavy burden
Also recent sharp drop of ship orders also puts pressure
Despite currency remains weak allowing higher competitiveness of Korean exporters, weak domestic consumption is main problem.
Property price being weak, consumer lending kept tight, and delay of supplementary budget are all reasons for the weak economic numbers.
We need to watch out for G20 summit results between US and China
Also, oil price remaining low while electricity cost can be lowered for Korea in order for it to be competitive to produce in Korea.
Next week, the number of new employees will rise again by over 200,000?
The government will diagnose the economy in recent economic trends (Green Book).
From this day on, it will also be possible to revitalize demand for interest rate cuts for consumers to financial institutions.
Interest rate cuts can be exercised when a customer's employment, promotion, property increase, or credit rating rises.
The financial institution s