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In-depth: Global market wrap-up

2019-10-22 1 Dailymotion

It's time now for an in-depth look at the market news this afternoon.<br />And for that, I'm joined on the line by Mr. Daniel Yoo, global strategist at Yuanta Securities.<br />Mr. Yoo, thank you as always for coming on.<br />Thank you.<br />On the U.S.-China trade war, now we have the Chinese Vice Premier Liu He quoted by the media as saying that "substantial progress" has been made towards a phased deal. Of course President Trump also saying the talks are going well. How have the markets responded to what would seem to be positive news?<br />U.S. President Donald Trump on Monday said efforts to end a U.S. trade war with China were going well as the world's two largest economies continued to battle over trade and politics across the world despite heralding a long-awaited truce this month.<br />"The deal with China's coming along very well. They want to make a deal," Trump told reporters before a Cabinet meeting, stressing the toll that U.S. tariffs have taken on the Chinese economy. "They sort of have to make a deal ... because their supply chain is going down the tubes."<br />U.S. Trade Representative Robert Lighthizer told reporters the administration still aimed to finalize a deal on the first phase of the deal in time for the Asia-Pacific Economic Cooperation meetings in Chile on Nov. 16 and 17, but said there were still outstanding issues to resolve.<br />Asian currency in general strong, dollar weakness seen.<br />On the issue of Brexit, Prime Minister Boris Johnson so far unable to get his deal through parliament, but a no-deal scenario, Britain crashing out on October 31st looking less likely. How are investors dealing with this scenario?<br />Boris Johnson will urge MPs to back his Brexit deal later, as he launches a final bid to get the UK to leave the EU by the end of the month.<br />MPs are to vote on whether to back the prime minister's Withdrawal Agreement Bill, which was published on Monday.<br />If they back his deal, they will then be asked to approve an intensive three-day timetable in which to consider the legislation.<br />Opposition MPs have said this will not be enough time to scrutinise the bill.<br />" Brexit: A big moment - with problems and opportunities<br />" What is the Withdrawal Agreement Bill?<br />" What is in Boris Johnson's new Brexit deal?<br />Ministers have insisted they are confident they have the numbers to get the Withdrawal Agreement Bill approved, despite losing a crunch Commons vote on Saturday aimed at ruling out a no-deal Brexit.<br />MPs believed by ministers to be ready to back the prime minister include pro-Leave Labour rebels and former Tory MPs now sitting as independents who would rather leave with Mr Johnson's deal than no deal at all.<br />If MPs back the bill, they will then vote on the government's "programme motion", which sets out the timetable for the legislation's passage through the Commons.<br />Today we see the Korean currency trading at around 11-70 against the dollar. The strongest it's been in a few months. What's driving that, and where do you see it going?<br />Korea lowered interes

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