Business Intelligence Monitor 200721

(Introduction)

[Markets]

•   Global: Equity markets rebound on EU fund optimism; gold edges higher

※   Nasdaq posts record close for seventh time so far in July

※   Euro hits four-month peak on reports of progress on EU talks

※   Italian-German spread falls to 162 bps, lowest since late March

※   AstraZeneca shares hit record on COVID-19 experimental drug

※   Gold edges up on safe-haven demand

※   Macro 백업표

※   Industry 백업표

•   Italy: Italian bonds rally on hopes of recovery fund breakthrough

•   한국: 코스피, 약보합 마감…다시 2,200선 아래로

•   한국: 탈원전 늪' 빠졌던 두산중공업···'그린뉴딜'로 웃나

•   Metals: Copper falls as Chinese stockpiles rise, virus fears cap rally

•   Grains: Corn weakens on rain across U.S. Midwest, soybeans gain for fifth session

[Indicators]

•   US Jun. Construction employment: Const. Employment Rises in 31 States

•   Eurozone May Current account: Euro zone current account surplus narrows further in May

•   China LPR: China keeps lending benchmark LPR steady for third month, as expected

•   한국 6월 생산자물가: 6월 생산자물가 0.5% 올라…5개월만에 상승

•   Japan Jun. Balance of trade: Japan June exports slump 26.2%, dash hopes for quick economic rebound

•   Japan Jun. Convenience store sales: Japan's June convenience store sales fall 5.2% due to virus impact

•   Taiwan Jun. Export orders: Tech demand powers Taiwan export order growth to two-year high

•   COVID-19: Johns Hopkins University Live Updates

[News]

•   WSJ: China May Retaliate Against Nokia, Ericsson If EU Countries Ban Huawei

•   WSJ: Coronavirus Vaccine Data Raises Hope for Trio of Candidates

•   WSJ: How Europe Slowed Its Coronavirus Cases From a Torrent to a Trickle

•   WSJ: Newsletter: What’s the Best Way to Support the Recovery?

•   WSJ: Corporations Seek Tax-Credit Cash-Out in Next Relief Plan

•   WSJ: IBM Earnings Falter as Pandemic Accelerates Turnaround Push

•   WSJ: Chevron Agrees to $5 Billion Takeover of Noble Energy

•   WSJ: Jack Ma’s Ant Group Plans Massive IPO, Bypassing the West

•   NYT: Testing Backlogs May Cloud the True Spread of the Coronavirus

•   NYT: Big Polling Leads Tend to Erode. Is Biden’s Edge Different?

•   NYT: ‘Less Optimistic’ and ‘More Cautious’: Top C.E.O.s Fret as Virus Cases Rise

•   NYT: Businesses Are Supposed to Cut Debt in a Downturn. Why Not Now?

•   WP: GOP coronavirus bill to include payroll tax cut and tie school money to reopening plans

•   WP: Coronavirus briefings are coming back. Will they help or hurt Trump?

•   FT: EU’s ‘frugal’ nations offered rebates to break virus recovery deadlock

•   FT: White House shoots down extending unemployment benefit boost

•   FT: US dollar dominance could amplify crisis impact, IMF fears

※   IMF: Dominant Currencies and the Limits of Exchange Rate Flexibility

•   FT: EU pressured to give results of leak probe into China disinformation

•   FT: UK suspends Hong Kong extradition treaty ‘indefinitely’

•   FT: Egypt’s parliament backs sending troops into Libya

•   FT: Argentina bondholders team up on new restructuring proposal

•   FT: Mexico’s pick to run WTO vows to ease US-China trade tensions

•   FT: S&P 500 walled in by pandemic and election worries

•   FT: Iraq warns economic woes could stoke insecurity

•   FT: Developing nations squeezed as virus fuels public spending

•   FT: Migration out of cities leaves India’s factories without workers

•   FT: Africa prepares for surge in infections

•   FT: Manufacturers warn of UK ‘jobs bloodbath’

•   BBC: Cornoavirus: UK economy has 'clawed back half of lost ground'

•   Bloomberg: Kim Jong Un’s Unfinished Hospital Shows Sanctions Are Biting

•   Bloomberg: Rulers of Oil-Rich Saudi Arabia and Kuwait Are Hospitalized

•   Bloomberg: Pelosi-Mnuchin Talks Open Sprint for a Last-Chance Stimulus Deal

•   Bloomberg: Trump’s Wrong-Track Economy Means Voters Shrug at Stocks Rebound

•   Bloomberg: An Early Front-Runner Emerges in the Race to Lead the WTO

•   Bloomberg: Lonely Oil Tankers Signal Ongoing Drop in Asia-Europe Fuel Trade

•   Bloomberg: Global Banks Look to Taiwan Expansion in Shift Away From Hong Kong

•   Bloomberg: Japan Bond Market Braces for Test of Demand With 20-Year Auction

•   Reuters: Huawei says it's working with Telecom Italia despite 5G exclusion: paper

•   CNN: Mortgage refinance rates and what you should do

•   CNBC: ‘U.S. is pressing the accelerator to trash’ relations, China says

•   CNBC: The UAE successfully launches Mars probe, making history for the Arab world

•   CNBC: Governments must spend to support coronavirus-hit economy, S&P says

•   CNBC: DBS CEO says 'a big, big challenge' is looming in the global economy

•   CNBC: Bernanke and Yellen say the Fed needs to find out why the market broke down in March

•   MarketWatch: Mark Cuban says 2020 stock-market rally 'very similar' to tech bubble--'everybody's a genius'

•   MarketWatch: The share of Americans skipping their mortgage payments falls to lowest level in two months

•   SCMP: Beijing opens up after containing cases as Xinjiang tries to shut down new outbreak

•   SCMP: South China Sea: beware of US ‘sabotage’, Beijing warns Southeast Asia

•   SCMP: China’s demand for Australia iron ore underlines economic recovery efforts

•   SCMP: China provinces show signs of economic recovery after virus shock

•   SCMP: US Autonomy Act opens ‘Pandora’s box’ for Hong Kong dollar peg

•   Global Times: Chinese COVID-19 vaccine approved for Phase III clinical trials in Bangladesh

•   매경(P1): 논란의 그린벨트…文대통령 "보존" 쐐기

•   매경: 태릉골프장, 미니신도시 후보지로…육사 포함 여부가 관건

•   매경: 모든 대책 동원한다더니…그린벨트 안풀면서 재건축은 언급안해

•   매경(P1): 리쇼어링 판을 바꾸는 스마트공장

•   매경: 똑똑해진 기계가 불량품 걸러내고…인건비 3분의 1로 절감

•   매경: `리쇼어링 실패` 아디다스 스마트공장의 교훈

•   매경: 유턴기업 스마트공장에 최대 9억 지원

•   매경(P1): 김태년 "집값 안정 위해 靑·국회 세종시로 가야"

•   매경: 부동산 민심에 놀란 與, 행정수도 카드까지…野 "또 투기 조장"

•   매경(P1): [단독] 필립스 가전사업, 한국에 매각 타진

•   매경: 필립스發 `글로벌 가전시장` 새판짜기…삼성·LG, 수조원 베팅할까

•   매경: 월성원전 공론화 허송세월 2년…다시 원점

•   매경: 한전, 중형 풍력발전기 자체개발…8000억원 경제효과 기대

•   매경: 코로나후 한계기업 솎아내면 일자리 늘고 노동생산성 `쑥`

•   매경: 경제단체 쓴소리 낼때…독자노선 걷는 商議

•   매경: 두산모트롤 본입찰에 中업체도 뛰어들었다

•   매경: 아시아 돌아오는 글로벌자금…韓증시 데울까

•   한경(P1): 실수요자 때린 稅폭탄…노원, 재산세 상한 가구 2곳→2198곳 폭증

•   한경: "8월17일 공휴일 땐 경제효과 6兆 될 것"

•   한경: 남아도는 '2차 코로나대출' 금리 내린다

•   한경: 5년 내 전국민 고용보험…목표는 있는데 실행방안이 없다

•   한경: 기아차 '전기車 공유사업' 나서나

•   한경: 먹구름' 낀 기업 신용등급…하반기 무더기 강등되나

•   한경: 코오롱, '접는폰' 디스플레이 양산체제 구축

•   서경(P1): 국민연금 개혁 안하면 미래세대 소득 27% 보험료로 낼 판

•   서경: 국민연금 2039년 적자 전환...여론 부담에 개편 '폭탄돌리기'

•   서경: 1인당 국민부담액 1,000만원 넘었는데...고용보험료·건보료 또 오를 듯

•   서경(P1): 코로나 6개월...국가산단 가동률 70%도 위태

•   서경: 수주급감에 공장 팔아 빚갚기 급급···벼랑 끝 기업 '9월 위기설'

•   서경: 경제계 “지주회사 지분율 규제 강화하면 일자리 24만개 사라져”

•   서경: 동학 개미'에 힘 실은 文 “세수 감소 감수, 장기 투자 인센티브도 만들라”

•   서경: "위기를 기회로" 파운드리 2强 '공격 투자'

•   서경: "업무효율 높이고 창의성 UP" 삼성전자도 자율좌석제 도입

•   서경: [시그널] 두산인프라코어 매각 수순..티저레터 뿌린다

•   서경: 갤폴드2 로즈골드 입는다...8월 5일 언팩 공개 확실시

•   서경: [시그널] 10조 준비한 SVP...제2의 채안펀드 시선 왜?

•   서경: 공급 감소 우려에 ...수도권 청약경쟁률 6개월새 ‘2배’ 껑충

•   조선: 벤처투자가 부동산 대책?… 文 "풀린돈 3000조, CVC로 이끌어야"

•   조선: 한달 만에 부동산 규제 20여건… 與 "10일내 입법 완료"

•   조선: 상반기 해외주식 결제액 85조 사상 최대… 개미들, 테슬라 4조 넘게 사들여

•   조선비즈: 홍남기 "주택공급 확대 방안, 7월 말까지 마련"

•   중앙: [outlook] 160조 뉴딜, 돈 뿌리기보다 돈 버는 인프라 만들어줘야

•   동아(P1): “코로나 계속 번져 1, 2차 유행 구분 의미없다”

•   세계(P1): 가계빚에 짓눌린 한국… GDP 대비 세계 최대

•   경향: 삼성증권 “호주 석탄산업 투자 않겠다”…현지 청소년 불매운동에 ‘백기’

•   더벨: 두산건설 얼마에 팔릴까

•   헤럴드경제(P1): ‘코로나앓이’ 6개월 우리경제…수요·공급 ‘전방위 복합충격’

•   헤럴드경제(P1): 中 “글로벌 공급망 유지 협력을” 대놓고 압박

•   파이낸셜뉴스(P1): 폭발한 조세저항.. 증세론 속도조절

•   파이낸셜뉴스(P1): "시장과 역행하는 증세는 결국 실패… 새는 돈부터 막아라" ['저항 부른 조세정책' 전문가 진단]

•   아시아경제(P1): 기업·가계 '빚' 쓰나미…5개월 간 106兆 빌렸다

•   아시아경제: 차세대 반도체 시장 열린다, DDR5 상용화 성큼

•   디지털타임스(P1): 60代 고용증가 착시… 현실은 취업자 감소

•   디지털타임스(P1): 서울 58만 가구, 재산세 상한 30% 꽉 채웠다

•   디지털타임스(P1): "코로나 항체 치료제, 9월부터 상업용 생산"

•   디지털타임스: `행정타운 센트럴 두산위브` 655가구 공급

•   이데일리(P1): 자율출퇴근부터 사장단 화상회의까지…일상된 코로나 비상근무

•   이데일리(P1): [사라진 유니콘]①올들어 유니콘 전무…獨이어 6위 '하락'

•   이데일리: [사라진 유니콘]②유니콘 부활, 지주사 CVC 허용 등 절실

•   이데일리: 코로나발 제조업 고용한파에 40대 가장들 일자리 잃었다

•   이데일리: 코로나 치료제 개발 '삼국지',누가 먼저 성공할까

•   이데일리: [마켓인]스카이레이크, 7000억 블라인드펀드 클로징 '초읽기'

•   연합: 환경단체 "그린뉴딜 한다면서 한전은 석탄 투자…중단하라"

•   뉴스1: 태양광 발전사업 공장주, 최대 90% 정부 금융지원 받는다

•   이투데이: 코로나19에도 美서 선방한 두산밥캣…콤팩트 트랙터 판매량 호조

•   이뉴스투데이: [단독] 두타, ‘임대료 인하 시위’ 상인 상대로 ‘괘씸죄’ 보복?

•   에너지경제: 풍력발전 청사진 업계 기대감 '쑥'...'장밋빛 전망' 우려도

•   Equipment Journal: Finning Cat: Finding the right equipment through rental

•   건설경제: 두산인프라코어 등 매각 현실화… 韓 건설기계산업 무너지나

•   전자신문: [이슈분석] 미·중·일·EU, 수소경제 선점 경쟁…청정수소 확보도 사활

•   전자신문: [이슈분석]정부, 그린수소 해외사업단 분과위원회 곧 개최…청정수소 공급망 확보 총력

•   디지털데일리: 中에도 밀린 日 반도체…"이랏샤이마세 TSMC"

•   Phone Arena: Samsung's Galaxy Z Fold 2 and Galaxy Z Flip 5G might be cheaper than you think

•   로봇신문: 두산로보틱스, 오는 29일부터 신제품 런칭 '온라인 로드쇼' 진행

•   Dronelife: Are Companies Buying Drones This Year? How Much are they Spending? DRONELIFE Minute Survey - DRONELIFE

•   Nikkei Asian Review: Majority of Japan CEOs say recovery won't happen for 2 years

•   Nikkei Asian Review: Shionogi to ready COVID-19 vaccines for 30m people

•   Mainichi: Bank of Japan sets up division to prompt study on digital currency

•   Business Standard: India's debt to hit 87.6% of GDP in FY21; FRBM target only by FY30: Report

•   Folha de S.Paulo: Brazil Registers 716 Covid-19 Deaths in the Last 24 Hours

•   Jakarta Post: Bank Indonesia projects 4.8 percent contraction in Q2, U-shaped economic recovery

•   Viet Nam News: VN lacks mechanisms for private investment in renewable energy

•   Myanmar Times: Myanmar govt proposes borrowing from ADB for key infrastructure

[Opinions]

•   Project Syndicate(Robert Skidelsky): Economics and the Culture War

•   Project Syndicate(Arvind Subramanian): China Has Blown Its Historic Opportunity

•   Project Syndicate(Katharina Pistor): The Debt Predators

•   FT(Editorial Board): Japan takes a welcome step away from coal

•   FT(Robert Shrimsley): Scotland may be the price of Boris Johnson’s place in history

•   FT(Jacques de Larosière): Negative interest rates cannot save indebted economies

•   FT(Ed Cole): PBoC could supplement its use of credit channels with the ‘whatever works’ approach of western institutions

•   FT(Lex): Coronavirus vaccines: top shots

•   WSJ(Walter Russell Mead): After Brexit, the Deluge

•   WSJ(Keith J. Krach, Brian H. Hook): Iran and China, the Totalitarian Twins

•   NYT(Jason Bordoff): Will Clean Energy Projects Face Troubles That Have Bedeviled Pipelines?

•   WP(Editorial Board): Our ‘maximum pressure’ on Iran failed — unless the goal was to help China

•   WP(Paul Waldman): Could Trump’s handling of the pandemic have been any worse?

•   WP(Greg Sargent): The coronavirus is infecting our entire election

•   WP(Helaine Olen): It’s clearer than ever that covid-19 will increase, not decrease, inequality

•   Bloomberg(Editorial Board): Joe Biden’s Economic Plan Cedes Too Much to Trump

•   Bloomberg(Conor Sen): U.S. Economy Might Be Condemned to Relive the ‘70s

•   Bloomberg(Noah Smith): Trump Did Nothing to Help the Economic Boom

•   Bloomberg(Brian Chappatta): Bernanke and Yellen Refocus Blame on Hedge Funds

•   Bloomberg(John Authers): R Is for Recession Unless We Can Go Below 1

•   Bloomberg(Michael R. Strain): Don't Hype the Hope for Oxford-AstraZeneca Covid Vaccine

•   Bloomberg(Max Nisen): Don't Hype the Hope for Oxford-AstraZeneca Covid Vaccine

•   CNN(Kent Sepkowitz): Russia, the US and the Covid-19 vaccine free-for-all