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.
Professor Yang, good afternoon. Thanks for coming on today.
Let's start with the U.S., where the price index for personal consumption the PCE rose in June by three-and-a-half percent, which is the highest since 1991. This figures into the inflation debate, and it's well above the Fed's target of two percent. What do you make of this data, professor?
Last Friday, stocks on Wall Street ended a little lower. Some disappointment with earnings at Amazon and its outlook for the third quarter. There are other issues at play here too. What's the story in the global markets?
In Korea, the KOSPI has had a strong run for the past eight months, especially. Right now it's still hanging on to that 32-hundred-point level. What's happening in the domestic market?
This week, we'll have inflation data here in Korea, announcements related to relief payments. In the U.S. some key jobs data. What's on your radar in the week ahead, professor?