Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Dr. Kim Sei-wan, professor of economics at Ewha Womans University.
Professor Kim, thank you for coming on today.
President Trump and Vice Premier Liu He have now signed the phase one trade deal. That means no big new tariffs on China and a truce in the trade war, now 18 months in. What stands out to you in the agreement and how might it affect the Korean economy?
President Trump says that if there's a phase two, it'll see the removal of tariffs and that would likely end the whole trade war. What will be the sticking points in phase two?
Stocks were up in the U.S. after the deal was signed, but only modestly. What's the story today in the global markets?
Korean stocks up a little bit too. Tell us about the domestic markets.
The latest beige book report from the Federal Reserve says growth in the U.S. was modest as last year drew to a close. Its outlook for 2020 is (quote) "modestly favorable." What do you see in this report, and what impact might there be on the markets with this report?
Alright, Professor Kim.
We'll have to leave it there for now.
Thank you very much for coming on today.
We appreciate it.