Korea Economic Daily

Inflation rising and data gaps… U.S., caution spreads Cut odds 95%→50% Presidents of Federal Reserve Banks with voting rights "We must be cautious to bring inflation down" As rate cut prospects diminish New York stocks and government bond prices fall

Heads of financial and monetary authorities expressed concern over the widening uncertainty in the foreign exchange market and stated they would actively utilize available measures. On the 14th, Deputy Prime Minister and Minister of Economy and Finan

"Current policy is between neutral and restrictive" "Maintain restrictive rates to control high inflation" Alberto Musalem, president of the Federal Reserve Bank of St. Louis, said, "Because inflation still remains above the U.S. central bank (Fed) t

Ahead of the lifting of the U.S. federal government shutdown (temporary work stoppage), international gold prices recovered to the $4,200 level again after about 20 days. On the 12th (local time), Bloomberg reported that the spot price of gold was $4

Missing employment and inflation data from October to early November White House: "May be permanently missing" Rapid progress in developing alternative indicators Airline operations to take one week to normalize The longest U.S. federal government sh

Gold mining company ETFs post 10% weekly returns Gold price breaks $4,200…full-fledged rebound Stocks and exchange-traded funds (ETFs) related to gold are showing a rebound. As the possibility of a December rate cut has emerged, buying interest is fl

Korea Investment & Securities on the 13th expected that the rapid rise in the won-dollar exchange rate would be limited. This is because if the won-dollar exchange rate reaches the 1480 won range, there could be currency hedging (protection against e

Growing divergence of views within the Fed Susan Collins, president of the Federal Reserve Bank of Boston, who holds a vote in the December U.S. central bank (Fed) rate decision, expressed a negative view on further rate cuts on the 12th (local time)

Major New York stock indexes closed mixed. With the U.S. federal government's potential shutdown (temporary halt of operations) looming, there were signs of a rotation from tech stocks to blue-chip stocks. On the 12th (U.S. local time) at the New Yor

◆ Today 550,000 CSAT test-takers' 'day of decision'… policy to exclude 'killer questions' The 2026 College Scholastic Ability Test (CSAT) begins simultaneously on the 13th at 1,310 test sites across 85 exam districts nationwide. Test-takers must be s

A stopgap funding bill to end the longest federal government shutdown in history will be put to a vote in the U.S. House starting today at 7 p.m. (Korean time 9 a.m. on the 13th). If passed, federal government funding will be secured until January 30

AI bubble theory rekindled (1) Excessive borrowing risk and overvaluation controversy Big Tech corporate bond yields surge… AI bubble theory rekindled AI investment funding Excessive reliance on bonds Spread with U.S. Treasuries Largest since April M

U.S. President Donald Trump is scheduled to hold a private dinner with the chief executives (CEOs) of major Wall Street firms. CBS, Reuters and others, citing sources, reported on the 11th (local time) that President Trump will meet with finance CEOs

Related ETFs 3-Month Return -9% With the KOSPI index breaking through the 4,000 mark and drawing attention to the stock market, a cold wind is blowing through the bond market, a safe-haven asset. The concurrent sharp rise in market interest rates has

BlackRock CIO "Valuations were 85% higher during the dot-com bubble" While concerns about a stock-price bubble in artificial intelligence (AI) companies have emerged in parts of the global market, there are rebuttals on the other side. During the 200

Lee Chang-yong, governor of the Bank of Korea, on the 12th described the recent weakness of the won as "the foreign exchange market reacting excessively sensitively to uncertainty." He also made verbal-intervention-like remarks that "authorities coul

Securities and Biopharma Strength The KOSPI index turned to intraday gains despite mixed U.S. markets. As of 11:00 a.m. on the 12th, the KOSPI index was at 4,134.49, up 0.68% from the previous day. Having opened down 0.22%, the KOSPI wavered in the e

Overnight in New York, tech stocks were notably weak. Because the KOSPI market has a high weighting of semiconductor stocks and tends to follow the flow of U.S. tech stocks, the domestic market is expected to show a 'wild swing' again today following

◆Blue chips rise in U.S. while tech stocks 'wobble' The New York market closed mixed. In early trading at the New York Stock Exchange, the Dow Jones Industrial Average and the S&P 500 rose 1.18% and 0.21% respectively, while the Nasdaq Composite fell

Major U.S. stock indices closed mixed. On the 11th (U.S. local time) at the New York Stock Exchange, the Dow Jones Industrial Average closed at 47,927.96, up 559.33 points (1.18%) from the previous trading day. The Standard & Poor's (S&P) 500 index r

Meta, OpenAI, xAI…introduce Frankenstein finance for AI investment Excessive borrowing and bond issuance could become a future burden U.S. Wall Street is unveiling unprecedented financing methods amid a boom in investment in artificial intelligence (

Recently, the global market dominance of private brand (PB) products emphasizing "cost-effectiveness" has been growing. This is due to worsening worldwide inflation. Investments in PB companies by U.S. Wall Street firms and others have also increased

"AI equipment life spans are being set too long to boost profits" "Oracle and Meta overstate profits" Michael Burry, the model for the film 'The Big Short' who predicted the 2008 global financial crisis, this time targeted core companies at the cente

Recent U.S. nonfarm employment conditions have significantly deteriorated. With the U.S. central bank (Fed) taking a cautious stance on a rate cut next month, the worsening employment indicators have led to views that the pace of future rate cuts cou