In-depth: Global stocks
- 5 years ago
증시 대담
It's time now for a look at the market action today in Korea and around the world.
And for that we're joined by Mr. Daniel Yoo, Global Strategist at Kiwoom Securities.
Thanks for making time this afternoon.
You're welcome.
So we started the week off in positive territory pretty much across the board -- here, Wall Street and elsewhere.
Mr. Yoo, walk us through the action on the Korean markets today. We're seeing optimism on a revival in China's manufacturing.
Yes. Over the weekend and Monday, Chinese PMI numbers were released
Government statistics department released Manufacturing PMI number
The National Bureau of Statistics announced the manufacturing PMI for March 2019.
The manufacturing PMI for March was 50.5, much higher than the previous month manufacturing PMI 49.2 and the market forecast 49.6 last month. Also, on April 1, Caixin manufacturing PMI in March released by the Chinese media giant was 50.8, exceeding the market index of 49.9 and the market forecast of 50.0.
It was the first time since the downturn four months ago that the index was above 50, showing Chinese manufacturing in an expansion phase. This seems to show the effects of economic stimulus measures such as China's large-scale tax cut policy and infrastructure investment policy. Meanwhile, the service industry PMI index was announced at 54.8, a slight increase from the previous month's 54.3.
Stocks on Wall Street overnight were up more than 1 percent. Again, there's the China manufacturing data, which is also lifting other markets in Asia.
The ISM Manufacturing PMI in the US rose to 55.3 in March of 2019 from 54.2 in February, which was the lowest reading since November of 2016.
It compares with market expectations of 54.5. Faster increases were seen for new orders, production and employment. Business Confidence in the United States is reported by Institute for Supply Management.
US market showed strong rally as well.
Asian markets showed some strength today, but a smaller rise than yesterday's rally.
Alright, let's talk about Brexit too. The House of Commons has several options laid out for it... but again they've rejected all four of them in the latest vote. They're going to vote again, though, on Wednesday, UK time. What influence is that going to have on the markets?
2018 Summary: Stoxx 50 index down 14.3%
- In Europe, investment sentiment has weakened due to external risks (concerns over US-China trade disputes, slowing global economic growth) and domestic risks (uncertainties in Brexit, Italy budget issues, and French yellow vest demonstrations)
- Concerns about slowing economic growth: Judging not at a worrisome level
- Concerns over economic slowdown are mounting due to a recent fall in the manufacturing PMI and a decline in German 10-year government bond yields.
- Economic indicators differ: slowdown (economic growth rate, leading economic indicator) vs solid (employment index, retail sales)
It's time now for a look at the market action today in Korea and around the world.
And for that we're joined by Mr. Daniel Yoo, Global Strategist at Kiwoom Securities.
Thanks for making time this afternoon.
You're welcome.
So we started the week off in positive territory pretty much across the board -- here, Wall Street and elsewhere.
Mr. Yoo, walk us through the action on the Korean markets today. We're seeing optimism on a revival in China's manufacturing.
Yes. Over the weekend and Monday, Chinese PMI numbers were released
Government statistics department released Manufacturing PMI number
The National Bureau of Statistics announced the manufacturing PMI for March 2019.
The manufacturing PMI for March was 50.5, much higher than the previous month manufacturing PMI 49.2 and the market forecast 49.6 last month. Also, on April 1, Caixin manufacturing PMI in March released by the Chinese media giant was 50.8, exceeding the market index of 49.9 and the market forecast of 50.0.
It was the first time since the downturn four months ago that the index was above 50, showing Chinese manufacturing in an expansion phase. This seems to show the effects of economic stimulus measures such as China's large-scale tax cut policy and infrastructure investment policy. Meanwhile, the service industry PMI index was announced at 54.8, a slight increase from the previous month's 54.3.
Stocks on Wall Street overnight were up more than 1 percent. Again, there's the China manufacturing data, which is also lifting other markets in Asia.
The ISM Manufacturing PMI in the US rose to 55.3 in March of 2019 from 54.2 in February, which was the lowest reading since November of 2016.
It compares with market expectations of 54.5. Faster increases were seen for new orders, production and employment. Business Confidence in the United States is reported by Institute for Supply Management.
US market showed strong rally as well.
Asian markets showed some strength today, but a smaller rise than yesterday's rally.
Alright, let's talk about Brexit too. The House of Commons has several options laid out for it... but again they've rejected all four of them in the latest vote. They're going to vote again, though, on Wednesday, UK time. What influence is that going to have on the markets?
2018 Summary: Stoxx 50 index down 14.3%
- In Europe, investment sentiment has weakened due to external risks (concerns over US-China trade disputes, slowing global economic growth) and domestic risks (uncertainties in Brexit, Italy budget issues, and French yellow vest demonstrations)
- Concerns about slowing economic growth: Judging not at a worrisome level
- Concerns over economic slowdown are mounting due to a recent fall in the manufacturing PMI and a decline in German 10-year government bond yields.
- Economic indicators differ: slowdown (economic growth rate, leading economic indicator) vs solid (employment index, retail sales)