Time now for a in-depth look at the market news on this Monday.
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 to have you back on. Thanks for making time today.
Last Friday, stocks on Wall Street rose to new all-time highs all three main indices. The S&P up by one percent, the Dow crossing above 35-thousand points. Tell us where we are right now in the U.S. market.
The coronavirus is spreading fast, around the world, because of the Delta variant. But still we've been seeing stocks go up. Help us understand what's driving that seemingly incongruous rise, and what you're watching in the week ahead.
In Korea, today, stocks started off stronger coming off last week's Wall Street gain, but the KOSPI turning negative early on, and the KOSDAQ following suit around mid-day. Tell us about the domestic market.
Today we'll be getting preliminary numbers on Korea's GDP growth in the second quarter. Also demographic data from Statistics Korea for May. Also the big Fed meeting on Tuesday and Wednesday. What's on your radar in the week ahead?