[In-depth] Global market wrap-up _ 072919
- 5 years ago
증시 대담
It's time now for an in-depth look at the markets on this Monday.
And for that, I'm joined on the line by Dr. Hwang Seiwoon, Research Fellow at the Korea Capital Market Institute.
Dr. Hwang, thank you for coming on today.
You're welcome.
We ended last week with U.S. stocks up again, the S&P at another all-time high. Here in Korea, though, stocks starting the week sharply lower. What's the story today?
In Wall Street, stocks ended higher Friday after strong earnings from tech giants like Alphabet and Intel and a better-than-expected GDP report pushed the S&P 500 to a new all-time high. The S&P 500 gained 0.75%. The Nasdaq also hit an all-time high, rising 1.1%.
More than 40% of S&P 500 companies have reported quarterly earnings for the second quarter. Of those companies, 76.4% have posted a stronger-than-forecast profit. Strong U.S. GDP data added rising momentum as well. The U.S. economy expanded by 2.1% in the second quarter.
Asian stocks dipped at the start of an event-filled week as investors remain pretty cautious over trade disputes and corporate earnings. The biggest decline was in South Korea on earnings concerns. The bench-mark KOSPI dropped 1.35%. Equity benchmark in Japan, Nikkei also slipped by 0.45%.
President Trump is trying to shake things up again in global trade, this time calling on the WTO to stop describing countries as "developing" if their economies are strong. This is aimed at China and several other countries including South Korea. Where is he going with this?
U.S. President Donald Trump threatened to withdraw recognition of the special "developing country" status of relatively rich countries – including Singapore, China, and South Korea - at the World Trade Organization unless changes are made to the body's rules.
Developing country status in the WTO allows governments longer timelines for implementing free trade commitments, as well as the ability to protect some domestic industry and maintain subsidies. The Trump administration has long complained that WTO rules are unfair to the US and viewed WTO rules as unable to rein in China’s trade practices. If the Trump administration moves forward with steps outlined in the memo to stop treating certain countries as developing economies, it would likely be another move toward essentially ignoring some WTO rules. And this will put more pressure on China for the U.S-China trade negotiations.
This week will see the much-anticipated meeting at the Fed, when there's a consensus pretty much that it'll cut interest rates. We also have the latest round of trade talks between the U.S. and China. Give us a look at the week ahead.
This week is filled with important events to which investors pay lots of attention, featuring an expected Federal Reserve interest-rate cut, the resumption of U.S.-China trade talks, and further corporate-earnings releases.
Investors await a potential rate cut from the Federal Reserve this week. The Fed is scheduled to start its two-day monetary pol
It's time now for an in-depth look at the markets on this Monday.
And for that, I'm joined on the line by Dr. Hwang Seiwoon, Research Fellow at the Korea Capital Market Institute.
Dr. Hwang, thank you for coming on today.
You're welcome.
We ended last week with U.S. stocks up again, the S&P at another all-time high. Here in Korea, though, stocks starting the week sharply lower. What's the story today?
In Wall Street, stocks ended higher Friday after strong earnings from tech giants like Alphabet and Intel and a better-than-expected GDP report pushed the S&P 500 to a new all-time high. The S&P 500 gained 0.75%. The Nasdaq also hit an all-time high, rising 1.1%.
More than 40% of S&P 500 companies have reported quarterly earnings for the second quarter. Of those companies, 76.4% have posted a stronger-than-forecast profit. Strong U.S. GDP data added rising momentum as well. The U.S. economy expanded by 2.1% in the second quarter.
Asian stocks dipped at the start of an event-filled week as investors remain pretty cautious over trade disputes and corporate earnings. The biggest decline was in South Korea on earnings concerns. The bench-mark KOSPI dropped 1.35%. Equity benchmark in Japan, Nikkei also slipped by 0.45%.
President Trump is trying to shake things up again in global trade, this time calling on the WTO to stop describing countries as "developing" if their economies are strong. This is aimed at China and several other countries including South Korea. Where is he going with this?
U.S. President Donald Trump threatened to withdraw recognition of the special "developing country" status of relatively rich countries – including Singapore, China, and South Korea - at the World Trade Organization unless changes are made to the body's rules.
Developing country status in the WTO allows governments longer timelines for implementing free trade commitments, as well as the ability to protect some domestic industry and maintain subsidies. The Trump administration has long complained that WTO rules are unfair to the US and viewed WTO rules as unable to rein in China’s trade practices. If the Trump administration moves forward with steps outlined in the memo to stop treating certain countries as developing economies, it would likely be another move toward essentially ignoring some WTO rules. And this will put more pressure on China for the U.S-China trade negotiations.
This week will see the much-anticipated meeting at the Fed, when there's a consensus pretty much that it'll cut interest rates. We also have the latest round of trade talks between the U.S. and China. Give us a look at the week ahead.
This week is filled with important events to which investors pay lots of attention, featuring an expected Federal Reserve interest-rate cut, the resumption of U.S.-China trade talks, and further corporate-earnings releases.
Investors await a potential rate cut from the Federal Reserve this week. The Fed is scheduled to start its two-day monetary pol