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S. KOREAN BOURSE LIKELY TO MAINTAIN UPWARD MOMENTUM THIS WEEK.
SEOUL, July 3 Asia Pulse - The South Korean stock market is likely to maintain its upward momentum this week, thanks to the easing of uncertainty among investors over the U.S.'s stance on interest rates, analysts here said Saturday.
The market, however, could be affected by how investors feel about companies' business performances during the second quarter before the earnings season gets into full swing, they added.
The benchmark Korea Composite Stock Price Index closed at 1,295 on Friday, up 67 points from the previous week, mainly on expectations that the U.S. Federal Reserve will put a break on interest rate hikes.
On Thursday, the U.S. Federal Reserve Board raised its overnight lending rate between banks a quarter percentage point to 5.25 per cent for a 19th time. Some market observers expect the U.S. will not raise the rate in July, though another could come in August.
"Following the Federal Open Market Committee meeting, investor sentiment here has improved to some extent ...
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- News wire article from: YON - Yonhap News Agency of Korea June 18, 2006 700+ words
...week on the back of such favorable factors as the U. S. Federal Reserve chairman's confidence in economic growth, analysts said...KOSDAQ market, meanwhile, is also expected to maintain its upward momentum next week as no noteworthy overseas economic data are scheduled...
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...South Korea's main bourse is expected to continue its upward momentum next week thanks to improved corporate performances and...American economy and an expected rate freeze by the U.S. Federal Reserve Board. "Given those factors, it is desirable for investors...
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- News wire article from: AsiaPulse News January 26, 2004 700+ words
...South Korea's main bourse is expected to continue its upward momentum this week thanks to improved corporate performances and...economy and an expected rate freeze by the U.SUMMARY. Federal Reserve Board. "Given those factors, it is desirable for investors...
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...leads to a higher level of economic confidence." He added that demand for Asian shares is not likely to dampen until the Federal Reserve raises interest rates to cool inflationary pressures, an inevitable move, he says, within two years. "The Fed is willing...
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...data due and only a trickle of earnings reports, the biggest event for the market would be Wednesday's meeting of the Federal Reserve's interest rate-setting Federal Open Market Committee. The Fed is widely expected to raise the federal funds rate by...
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Treasury and Federal Reserve Foreign Exchange Operations...Foreign Group of the Federal Reserve Bank of New York...the dollar lost upward momentum while retaining a...period opened, the Federal Reserve discount rate was...
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Source: HighBeam Research, S. KOREAN BOURSE LIKELY TO MAINTAIN UPWARD MOMENTUM THIS WEEK.