"Fed Must Maintain Interest Rates Until Year-End"…IMF's Request [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Yen-Dollar Exchange Rate Hits 161 Yen, Highest in 37 Years
② K-Beauty M&A Heats Up Further
③ Loan Shark Delinquency Rate Hits 10-Year High

MARKET INDEX : Year to date

- Securities industry expects KOSPI to range between 2720 and 2840 points this week
- US Fed monetary policy and domestic corporate earnings are key variables
- Samsung Electronics to announce Q2 earnings report on the 5th

Top3 NEWS

■ IMF Managing Director: "US Fed should maintain current interest rates at least until year-end"

- Calls for the Fed to keep benchmark interest rates at current levels until year-end
- Inflation rebound risks cannot be overlooked
- Also, US economy is the only one among G20 showing strong growth

■ Yen-Dollar exchange rate surpasses 161 yen... first time in 37 years and 6 months

- Yen-Dollar exchange rate reached 161.2 yen briefly on the 28th
- First time since December 1986, 37 years and 6 months ago
- US high interest rate outlook puts pressure on dollar strength

■ May production, consumption, and investment all decline for the first time in 10 months

- May industrial activity report released
- Semiconductor sector rose 1.8%, showing strength
- Consumption and facility investment remain sluggish

Graphic News: "Most Popular Since COVID-19" K-Beauty M&A to Heat Up Further in Second Half

- K-Beauty entering its 'second golden age'
- M&A deals already approaching last year's numbers
- Private equity funds and pharmaceutical companies also showing keen interest

the Chart: Last Year’s Large Loan Company Delinquency Rate at 12.6%... Highest in 10 Years

- Last year’s delinquency rate for large loan companies was 12.6%
- 1 in 10 low-credit borrowers are behind on principal and interest payments
- Continued high interest rates leading to increases in unsecured and secured loans

Term in the News: China Targeting 'Friendshoring' While Focusing on Vietnam

- Allies building supply chains to resolve disruption issues
- Chinese President Xi Jinping fully committed to strengthening relations with Vietnam
- Concerns over inflation due to giving up low labor costs

Today's Key Schedule

○ Domestic
- 09:00 June trade balance
- 1st: KOSPI listing of Shinhan Global Active REITs, offering price 3,000 KRW

○ Overseas
- 10:45 China June Caixin Manufacturing PMI
- 16:55 Germany June Manufacturing PMI
- 21:00 Germany June Consumer Price Index
- 22:45 US June Manufacturing PMI
- 23:00 US June ISM Manufacturing PMI

◇ Lunch & Commute Weather

○ Lowest temperature 23℃(▲1℃) ｜ Highest temperature: 29℃(▲3℃)
○ Precipitation probability: 30% in the morning｜10% in the afternoon
○ Fine dust: Good in the morning｜Good in the afternoon

Only 3 minutes needed, essential time-efficient economic news. Published daily at 8 AM.