'Seohak Ant' Boom... U.S. Financial Investments Saw Record Surge Last Year [3-Minute Brief]

[At a Glance]
① Record $121.7 Billion Increase in U.S. Securities Investments Last Year
② Trump: "Powell is terrible... Considering 3-4 Successors"
③ In-depth Survey of 12 Experts from Industry, Economic Research Institutes, and Academia

MARKET INDEX : Year to date

○ Extension of tariff negotiations and expectations of interest rate cuts... S&P 500 up 0.8%

○ Yields on U.S. Treasuries and the dollar fell following reports of an early nomination for Fed Chair

○ Big tech and financial stocks drove the market higher

Top 3 NEWS

■ Increasing stock investments, building EV factories... Last year's U.S. investment hit an all-time high

○ External financial assets increased by $17.24 billion last year
○ U.S. financial assets reached $96.26 billion, accounting for a record 45.9% share
○ China's share was 6.6%, the lowest for three consecutive years

■ Trump: "Powell is terrible, successor narrowed down to 3-4 people"... Powell maintains cautious stance on rate cuts (Summary)

○ After the NATO summit: "Powell, fortunately, will step down soon"
○ Powell reaffirmed a 'wait-and-see' stance for two consecutive days
○ In the Senate: "Difficult to predict tariff impacts... a cautious approach is needed"

■ "Establishing a bold population policy control tower... 'Package reform' needed for low birthrate and aging population"

○ Maintaining women's careers to address low birthrate and improve declining labor supply
○ Expanding paternity leave for men... SME caregiving rights and senior participation-based care as well
○ Ultra-rapid aging... Need to accelerate expansion of post-retirement reemployment and reverse mortgages

Graphic News: Top 10 securities firms' equity capital increased by 22 trillion won in 5 years

○ The top 10 securities firms had consolidated equity capital of 72 trillion won in Q1

○ Securities firms are evolving into comprehensive financial platforms by strengthening capital power

○ Capital expansion is expected to continue through IMA adoption and increased overseas investment

the Chart: Corporate business sentiment remains 'chilly'... "Construction slump and Middle East tensions"

○ June Composite Business Sentiment Index (CBSI) for all industries: 90.2, down 0.5 points

○ A reading below 100 indicates pessimism

○ Non-manufacturing sectors, including construction and real estate, remain sluggish... Expected to continue next month

Today's Key Schedule

○Domestic

○International

01:00 U.S. 7-year Treasury auction

08:30 Tokyo core consumer price index (YoY) (June)

15:45 France consumer spending (MoM) (May)

16:00 Spain consumer price index (YoY) (June)

19:00 European Union leaders' summit

21:30 U.S. core PCE price index (MoM) (May)

23:00 University of Michigan consumer expectations index (June)

◇ Lunch & Evening Commute Weather

○ Lowest temperature: 21°C (0°C) ｜ Highest temperature: 28°C (▲1°C)
○ Precipitation probability: 40% in the morning ｜ 40% in the afternoon
○ Fine dust: Moderate in the morning ｜ Moderate in the afternoon

All the essential, value-for-time economic news in just 3 minutes. Published daily at 8:00 AM.