Time now for an in-depth look at the markets this afternoon.
And for that, I'm joined on the line by Mr. Daniel Yoo, Global Strategist at Yuanta Securities.
Mr. Yoo, good afternoon. Thanks for making time today.
It's not the day before this month's meeting of the Fed's Open Markets Committee. Reports say that Fed chair Jerome Powell is likely to hold to his prediction of rates staying super low until 2023. But there's also a lot of anxiety out there with inflation as high as it is. What do you see happening this week at the Fed?
On Wall Street, the S&P 500 closed at another all-time high, up almost two tenths of a percent. The Nasdaq did even better with a gain of three quarters of a percent. The Dow was off slightly. With all the uncertainty out there, what's happening in the global markets?
Here in Korea, the markets were a little more subdued a small gain on the KOSPI for a fourth session in a row. The KOSDAQ unchanged. Tell us about the local market.
Finally, Bitcoin up quite a bit now from its recent lows, back to 40-thousand dollars. Again, much of that because of tweets from Elon Musk, talking about Tesla maybe accepting bitcoin as payment again in the future. What do you see happening with cryptocurrencies?