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 Seiwan, professor of economics at Ewha Womans University.
Professor Kim, good afternoon. Thanks for coming on.
The latest beige book from the Fed shows U.S. economic activity recovering, but still well below where it was before the pandemic. How do you think this might affect future Fed policy?
U.S. stocks were strongly higher last night. New highs yet again for the Nasdaq and the S&P, seemingly on hopes for a vaccine. What's the story in the global markets?
Today on the KOSPI a lot of buying by foreign investors. It's performed about as well as U.S. stocks the day before. Tell us about the local markets.
Oil prices down quite a bit today with less demand in the U.S. It's the lowest price in almost a month. Gold prices still pretty close to their recent high. What's your outlook for oil and gold?
The latest data suggests that if Korea's population continues to shrink like it has been, then 40 years from now, the country's debt will take up more than 80 percent of its GDP. What do you make of that estimate and what can be done to shore up Korea's fiscal situation?