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In-depth: Global market wrap-up Updated: 2019-08-19 14:20:57 KST

It's time now for an in-depth look at the global markets this afternoon.
And for that, I'm joined on the line by Dr. Hwang Sei-woon, research fellow at the Korea Capital Market Institute.
Dr. Hwang, thank you for coming on today.

Thank you.

Last Friday, Wall Street ended sharply higher as concerns over interest rates seemed to ease. Here in Korea, stocks were up on this Monday. What's the story today?

In Wall Street, stocks ended higher Friday as a rebound in bond yields eased fears of a recession that sent stocks tumbling earlier in the week. Major stock averages are set to post their third straight weekly losses with the S&P 500 down about 1% so far. August has been a volatile and brutal month for the stock market as the Dow has lost nearly 4%.

The yield curve inversions along with U.S.-China trade war are big drivers of market movements.

Last week, we saw the rate on the U.S. 10-year Treasury fall below that of the two-year, adding to fears of a global recession. Why did this happen, and what do you see happening this week on that front?

Bond yields climbed back from their historic lows last week. The U.S. 30-year Treasury yield dropped to a record low Thursday, while the yield on the benchmark 10-year notes dipped to a three-year low, as investors sought out safe-haven assets.

This Friday, Fed Chair Jerome Powell will will be giving a speech in Jackson Hole, Wyoming. The IMF is sending evaluators to Korea this week as well. Tell us more about that and other events scheduled this week.

Here are some notable events coming up:

Minutes of the Fed’s July meeting will provide details on the discussions leading to the first interest-rate cut in a decade when they are released on Wednesday.

Kansas City Federal Reserve Bank hosts its annual central banking symposium in Jackson Hole, Wyoming, starting Thursday. Fed chair Jerome Powell will give remarks on Friday.

Alright, Dr. Hwang thanks for coming on today as we start the week.
That's where we'll have to leave it today.
We appreciate it.
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