Korea Economic Daily

Fed board member Lisa Cook will retain her position through January next year Federal court, on the 1st: "Can remain in post until January" Trump: "Cook committed mortgage fraud and must be fired" Criticism that the personnel decision is aimed at sei

Bond yields fall on sharp drop in ADP private payrolls U.S. markets opened lower on the first day of the U.S. government shutdown. As of 10:10 a.m. Eastern Time, the S&P 500 was down 0.2%, the Nasdaq Composite was down 0.3%, and the Dow Jones Industr

ADP announces private employment down 32,000 Big divergence from market expectation of a 45,000 increase Government reports delayed due to federal government shutdown Increased likelihood of a rate cut in October A private-sector survey showed that U

"Data analysis issues based on the Labor Department dataset" explanation Contrary to expectations that September U.S. private-sector jobs would slightly increase, they were recorded as a decrease of 32,000. On the 1st (local time), ADP Research, a U.

South Korea's largest steel export market expected to face major impact Response as Chinese products blocked from exporting by Trump's steel tariffs pour in The European Commission is pursuing a plan to halve steel import allocations (quotas) and rai

In the past, there was virtually no impact on the stock market This time, heightened confrontation raises the likelihood of a prolonged shutdown and impact on unemployment If the shutdown drags on, gold could approach $4,000 Traditionally, Wall Stree

US stock futures fell 750,000 federal employees furloughed The U.S. federal government has entered a shutdown again for the first time in seven years. The shutdown has furloughed 750,000 federal employees. The cost of the shutdown is estimated at US$

The U.S. White House said on the 30th (local time) that "U.S. President Donald Trump remains open to talking with Kim Jong Un, General Secretary of the Workers' Party of Korea, without any preconditions." Although the U.S. maintains its goal of denuc

Treasury currency report may also be delayed The U.S. federal government has entered a shutdown (temporary suspension of operations). It is the first time in seven years since December 2018 during President Donald Trump's first administration. The U.

The KOSPI index opened higher on the 1st, briefly surpassing the 3450 level shortly after the open. According to the Korea Exchange, as of 9:14 a.m. the KOSPI was trading at 3450.4, up 25.8 points (0.75%) from the previous day. The index opened at 34

The U.S. Congress failed to reach an agreement on the budget, bringing a federal government shutdown (temporary work stoppage) — the first in seven years — closer. The Republican and Democratic parties remain at odds, refusing to accept each other's

The three major U.S. stock indexes rose for a third consecutive trading day. Investors interpreted that concerns over a temporary shutdown of the U.S. government increased the likelihood of a policy rate cut by the U.S. central bank (the Fed). On the

◆New York stocks rise together on shutdown-driven rate cut hopes Overnight, New York stocks rose together on hopes of a rate cut driven by a shutdown (temporary work stoppage). In the early hours at the New York Stock Exchange, the Dow Jones Industri

Shutdown risk after failure to agree on the budget Republicans launch strong offensive against Democrats…"Do the right thing" Democrats demand extension of Obamacare tax credits With Congress failing to reach an agreement on the budget, the U.S. fede

The White House said on the 30th (local time) that U.S. President Donald Trump is willing to hold talks with North Korean leader Kim Jong Un without preconditions. According to Yonhap News that day, a White House official responded to a question aski

Texas Stock Exchange begins preparations to launch after SEC approval New exchange concept born from complaints about NYSE and Nasdaq regulation Tesla, Schwab headquarter moves… Texas accelerates corporate-friendly strategy Wall Street heavyweight in

Oil price decline · tariff hikes accelerate cuts in the oil industry Exxon, Chevron, Conoco enact workforce restructuring after large-scale acquisitions U.S. oil companies are cutting thousands of workers in response to falling crude prices, high tar

Actual new hires fell by 114,000 in August, leaving employment weak In August, U.S. job openings (JOLTS) were 7,227,000, a slight increase. However, actual employment by firms remained weak, suggesting a decline in employers' demand for workers. On t

Falls well below market expectations, ninth consecutive monthly decline Employment concerns have grown, and US consumer confidence fell sharply in September. On the 30th (local time), The Conference Board announced that the September consumer confide

Three major indexes down, gold's rally halts With the likelihood of a U.S. government shutdown rising, New York markets opened slightly lower on the 30th (local time). Gold's record rally halted and the dollar's value swung. At 10 a.m. Eastern Standa

Agreement with Netanyahu on 'peace plan' U.S. President Donald Trump reached an agreement with Israeli Prime Minister Benjamin Netanyahu on a 'Gaza Strip peace plan.' He then said that if the Palestinian armed group Hamas does not accept it, he would

FSS Chief - Virtual Asset Business CEOs Meeting Lee Chan-jin, head of the Financial Supervisory Service, emphasized establishing user-centered responsible management in the virtual asset market and urged restraint from excessive events and the launch

Last month deposit rates fell for the 11th consecutive month. They dropped to a level below the policy rate for the first time in four months. Meanwhile, loan rates remained at the same level as the previous month, widening the gap between deposit an

Diagnosis of U.S. stock market bubble debate The U.S. stock market, which has risen more than 30% since the low in April, is once again facing a bubble debate. Even in September, which is seasonally weak, the S&P 500 rose another 3% over the month, p

A meeting on the 29th (local time) between President Donald Trump and leaders of both parties aimed at avoiding a U.S. federal government 'shutdown' (temporary work stoppage) ended without reaching an agreement. With one day remaining before the nigh

NVIDIA 2% rise…oil prices plunge The New York stock market closed strong as buying pressure flowed into artificial intelligence (AI)-related stocks despite concerns over a U.S. federal government shutdown (temporary work stoppage). On the 29th (local

Nvidia up 2.7%, wafer company Lam Research also rises This week's employment reports follow On the 29th (local time), U.S. stocks opened higher, with the Nasdaq and S&P 500 rebounding led by Nvidia, overcoming last week's weakness. Around 10 a.m. Eas

U.S. President Donald Trump said on the 29th (local time) that he would impose a "substantial level" of tariffs on countries that produce furniture outside the United States. President Trump wrote on the social networking service (SNS) Truth Social,

U.S. President Donald Trump on the 29th (local time) announced he would impose a 100% tariff on films produced outside the United States. President Trump said on the social networking service (SNS) Truth Social, "Our film production business has been