증시 대담
It's time now to take a closer look at the markets here in Korea and around the world.
And for that we're joined by Mr. Daniel Yoo, Global Strategist at Kiwoom Securities.
Mr. Yoo, thanks for coming on.
You're welcome.
Stocks on Wall Street continue to post new highs. On Monday, that was true for both the S&P and the Nasdaq.
Yes. US market remains to be strong.
Close to 80% of earnings release by US are beating estimates according to factset.
Particularly, growth sectors, IT, Bio showed strong earnings number.
Factbook, MS, Google, Amazon, all the names FANNG and MANNG
Ahead of FOMC meeting we see consumer expenditure sharply rose by 0.9% mom, stronger than expected 0.7% rise.
Core PCE price index rise by only 1.6%, falling from previous month of 1.7%
Rate will be kept constant most likely. Market might take some breather but, still upward movement should continue into the year.
Now, yesterday the KOSPI climbed back to the 22-hundred mark, but investors apparently not sure which way to go. Back down again today.
Kospi sharply rose aftershock of low economic growth number.
We need to focus on the future. QoQ -0.3% but likely to rise in the future.
Facility investment down by 10.8%, which is too much. Samsung plans to invest more. More corporate will invest more with more relaxed regulation.
Today, however falling again, but that should not be too much of a problem with Samsung earnings release today. Sharp drop over 60% of OP.
However, future looks ok.
The U.S. and China are holding another round of high level trade talks today in Beijing. Steve Mnuchin, the Treasury Secretary, saying they're nearing the end and he's looking forward to an agreement. What do you see happening and how are the financial markets responding or going to respond?
Still people are skeptical about the agreement yet. Most likely deal will be done before the end of 1H2019. Likely in May. Trump plans to invite Xijinping to White house soon.
With the agreement, economic growth rate globally should pick up.
This should act as a new catalyst for the equity market.
Global trade is weak. This affected negatively globally. After the agreement, most likely trade will pick up allowing global growth to normalize in 2020.
Therefore, corporate earnings should begin to rise again.
That's where we'll have to leave it today. Mr. Yoo, thanks for your insights today as always.
