Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Dr. Yang Jun-sok, Professor of Economics at The Catholic University of Korea.
Professor Yang, good afternoon. Thanks for making time today.
Last Friday, stocks in New York continued their rally as inflation numbers came out for May at the highest they've been since 2008. The S&P hitting record highs for two sessions in a row. What's the story in the global markets as we start a new week?
Against the backdrop of this spike in inflation, everyone is watching to see what the Fed says this month. Here in Korea, not a real clear direction in the markets. Retail investors were net buyers today, though. Tell us about the local markets.
To look at precious metals for a minute, gold has seen a big rise the past couple of years, but the price of palladium has risen even more. That's a metal that's talked about a lot less, but some say it could surge even farther ahead of gold. What do you see happening with precious metals?
In Korea, with vaccines taking off, the restrictions are slowly being eased. From today, there will be pop music concerts again. That could be a optimistic sign for the economy, but what else is on your radar for the economy this week?