Still High Prices... Distant Interest Rate Cuts [3-Minute Brief]

Published 03 Apr.2024 08:00(KST)

Updated 19 Jan.2025 10:53(KST)

[At a Glance]
① Won-Dollar Exchange Rate Hits 5-Month High
② Yongsan Becomes the Hub of Seoul Transportation
③ Apple and Pear Prices Soar: How Long Will the Rise Continue?

MARKET INDEX
Still High Prices... Distant Interest Rate Cuts [3-Minute Brief] 원본보기 아이콘

- US New York stock market's three major indices all declined
- Expectations of delayed timing for Fed interest rate cuts
- Investor sentiment keenly watching upcoming employment reports



TOP 3 NEWS
Still High Prices... Distant Interest Rate Cuts [3-Minute Brief] 원본보기 아이콘
■ Won-Dollar Exchange Rate Hits Highest in 5 Months...Rising Inflation Concerns
- Won-Dollar exchange rate surpasses 1350 won
- Highest since late October last year
- Strong US economy and dollar strength
■ Bank of Korea: "Living Costs Still High, Uncertainty in Inflation Outlook Increasing"
- BOK holds inflation situation review meeting
- Sharp rise in oil and agricultural product prices cited as causes
- Future inflation path remains highly uncertain
■ '76 Days of Dramatic Drama' How Did Hanmi Science Retail Investors Turn the Tables?
- Opposition arose after National Pension Service's 'mother-daughter side' support flipped the situation
- "An institution operated with public funds opposing individual shareholders"
- After NPS decision, 'brother side' consolidated voting rights at the last minute


Graphic News: "Bigger than Seoul Station"... Yongsan Reborn as a Transportation Hub
Still High Prices... Distant Interest Rate Cuts [3-Minute Brief] 원본보기 아이콘

- Yongsan's status grew as a 'logistics hub' during the Japanese colonial period...becoming a nationwide transportation center
- Since the launch of the Yoon administration, Yongsan's geographical importance emphasized...development planned around Yongsan Station
- GTX-B line connects Yongsan to Sangbong...discussions ongoing for Shinbundang Line and Airport Railroad extensions



the Chart: Golden Apples and Pears, How Long Will Prices Keep Rising?
Still High Prices... Distant Interest Rate Cuts [3-Minute Brief] 원본보기 아이콘

- Improvement in agricultural and livestock product prices expected due to increased daylight hours and greater supply of substitute fruits like chamoe and watermelon
- However, apple and pear production down about 30%...strong price pressure expected until new fruit shipments
- Agricultural product inflation rate fell from 5.7% in February to 1.3% in March; vegetables dropped from 6.8% in February to -0.1% in March



Terms in the News: Korea Unfriendly to the Disabled, Long Road Ahead for 'Barrier-Free'
Still High Prices... Distant Interest Rate Cuts [3-Minute Brief] 원본보기 아이콘

- A compound of 'Barrier' meaning obstacle and 'Free' meaning freedom
- A concept encompassing facilities and information necessary for social participation and rights protection of socially vulnerable groups
- However, barrier-free access to cultural life for the disabled in Korea is limited...only 0.1% attend movies, plays, or concerts



Today's Key Schedule

○ Domestic
- 06:00 March Foreign Exchange Reserves
- 3rd: KOSDAQ Shinhan No.12 SPAC subscription / Offering price 2,000 won
- 3rd: KOSDAQ IMBDX listing, offering price 13,000 won

○ Overseas
- 05:30 US Petroleum Association Weekly Crude Oil Inventory
- 09:30 Japan March Services Purchasing Managers Index
- 10:45 China March Caixin Services Purchasing Managers Index
- 18:00 Eurozone March Consumer Price Index
- 21:15 US March ADP Nonfarm Employment Change
- 22:45 US March Services Purchasing Managers Index
- 23:00 US March ISM Non-Manufacturing Purchasing Managers Index
- 23:30 US Crude Oil Inventory

◇ Lunch & Commute Weather
○ Lowest temperature 11℃(▲5℃) ｜ Highest temperature: 21℃(▼2℃)
○ Precipitation probability: Morning 60%｜Afternoon 30%
○ Fine dust: Morning Moderate｜Afternoon Moderate
Still High Prices... Distant Interest Rate Cuts [3-Minute Brief] 원본보기 아이콘

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