EZB8RISK / Market Briefing

Seoul's backdrop is dominated by North Korea firing another ballistic missile, this time right after Seoul demanded an apology over wounded soldiers, keeping the geopolitical drumb

Seoul's backdrop is dominated by North Korea firing another ballistic missile, this time right after Seoul demanded an apology over wounded soldiers, keeping the geopolitical drumbeat steady. On the domestic side, inflation cooled somewhat though underlying prices keep climbing, and the central bank expects consumer price growth to hover near the 3 percent zone, so the policy picture stays mixed. Trade chatter with Washington sounds friendlier, with the US president suggesting a deal "keeps getting better," a softer tone than the earlier LNG friction.

Sources

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