[In-depth] Global market wrap-up _ 060519
증시 대담
It's time now for an in-depth look at where the markets are this afternoon.
And for that, I'm joined on the line by Dr. Hwang Seiwoon, research fellow at the Korea Capital Market Institute.
Dr. Hwang thanks for coming on.
You're welcome.
So with all the worry about the U.S.-China trade war, Fed chairman Jerome Powell is saying the Fed will do what it needs to do to keep the economy growing, and that sent all three major indices on Wall Street up overnight. What do you see happening in the market today?
U.S. stocks climbed the most since January as Federal Reserve Chairman Jerome Powell signaled an openness to rate cuts and Mexican officials said they expect to avoid Trump administration tariffs. The Dow closed 512 points higher. The S&P 500 jumped 2.1%, and the Nasdaq surged 2.65%. The major indexes had their second-best day of 2019. Stocks that have been hit hard during the month-long sell-off led Tuesday’s comeback, including Apple and bank shares.
Asian shares tracked the Wall Street rally on Wednesday after U.S. central bank comments pointed to the increasing prospects of an interest rate cut, boosting investor sentiment and pushing the dollar lower. Japan led the charge with the Nikkei index up 1.96%. South Korea’s KOSPI mildly moved up 0.33 percent, and Shanghai Composite edged up 0.33 percent. Powell gave the markets a reason to rally but this could a short-covering bounce, rather than a trend reversal.
We seem to see oil prices nearing a bottom after a rough past couple of weeks, though they're still going down. Why is that, and what's the outlook for oil?
Oil prices resumed their slide on Wednesday, dragged down by a surprise gain in U.S. inventories and comments from the head of Russian state oil producer Rosneft questioning the point of a deal with OPEC to withhold supplies. Brent futures were down 0.4 percent at $61.70 a barrel. They rose 1.1% on Tuesday after a near 13 percent fall in the previous four sessions.
The oil market has been weighed down by concerns about slowing global growth from the U.S.-Sino trade war and President Donald Trump’s threats last week to place tariffs on Mexican imports. To prevent oversupply and prop up the market, the OPEC together with allies including Russia, has been withholding production since the start of the year. The oil prices may continue to mildly decline in the near-term as worries on the global economic slowdown persist.
In April, Korea posted its first current account deficit in seven years. Big news, but not unexpected. What does a deficit mean for the Korean economy and how long do you think this will go on?
South Korea's current account balance remained in the red in April, the first deficit in seven years caused by flagging exports and increased dividend transfers. The current account deficit in April had widely been expected as the country's trade surplus narrowed to $5.67 billion in the month, compared with a $8.47 billion surplus in the month before and a $9.62 billion sur
It's time now for an in-depth look at where the markets are this afternoon.
And for that, I'm joined on the line by Dr. Hwang Seiwoon, research fellow at the Korea Capital Market Institute.
Dr. Hwang thanks for coming on.
You're welcome.
So with all the worry about the U.S.-China trade war, Fed chairman Jerome Powell is saying the Fed will do what it needs to do to keep the economy growing, and that sent all three major indices on Wall Street up overnight. What do you see happening in the market today?
U.S. stocks climbed the most since January as Federal Reserve Chairman Jerome Powell signaled an openness to rate cuts and Mexican officials said they expect to avoid Trump administration tariffs. The Dow closed 512 points higher. The S&P 500 jumped 2.1%, and the Nasdaq surged 2.65%. The major indexes had their second-best day of 2019. Stocks that have been hit hard during the month-long sell-off led Tuesday’s comeback, including Apple and bank shares.
Asian shares tracked the Wall Street rally on Wednesday after U.S. central bank comments pointed to the increasing prospects of an interest rate cut, boosting investor sentiment and pushing the dollar lower. Japan led the charge with the Nikkei index up 1.96%. South Korea’s KOSPI mildly moved up 0.33 percent, and Shanghai Composite edged up 0.33 percent. Powell gave the markets a reason to rally but this could a short-covering bounce, rather than a trend reversal.
We seem to see oil prices nearing a bottom after a rough past couple of weeks, though they're still going down. Why is that, and what's the outlook for oil?
Oil prices resumed their slide on Wednesday, dragged down by a surprise gain in U.S. inventories and comments from the head of Russian state oil producer Rosneft questioning the point of a deal with OPEC to withhold supplies. Brent futures were down 0.4 percent at $61.70 a barrel. They rose 1.1% on Tuesday after a near 13 percent fall in the previous four sessions.
The oil market has been weighed down by concerns about slowing global growth from the U.S.-Sino trade war and President Donald Trump’s threats last week to place tariffs on Mexican imports. To prevent oversupply and prop up the market, the OPEC together with allies including Russia, has been withholding production since the start of the year. The oil prices may continue to mildly decline in the near-term as worries on the global economic slowdown persist.
In April, Korea posted its first current account deficit in seven years. Big news, but not unexpected. What does a deficit mean for the Korean economy and how long do you think this will go on?
South Korea's current account balance remained in the red in April, the first deficit in seven years caused by flagging exports and increased dividend transfers. The current account deficit in April had widely been expected as the country's trade surplus narrowed to $5.67 billion in the month, compared with a $8.47 billion surplus in the month before and a $9.62 billion sur
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