Business Intelligence Monitor 200722

(Introduction)

[Markets]

•   Global: Stocks, euro rally on EU's massive recovery fund

※   EU seals recovery fund plan after five days of talks

※   Euro hits 18-month high, DAX briefly turns positive for year

※   Virus vaccine trial results add to bullish mood

※   Investors expect U.S. stimulus of more than $1 trillion

※   Gold shines at 9-year high

※   Macro 백업표

※   Industry 백업표

•   한국: 코스피-코스닥 상승 마감, 원달러 환율 하락 마감

•   Metals: Copper gains on EU stimulus deal and coronavirus vaccine hopes

•   Grains: Soybeans trim back on improved U.S. crop conditions

[Indicators]

•   UK Q2 Fiscal account: UK cash deficit hits record in first quarter of financial year

•   한국 6월 파산신청: 도미노 도산 시작됐다…법인 파산신청 사상최대

•   한국 7월 1~20일 수출: 수출 감소세 지속…7월 1∼20일 수출 12.8%↓

•   Japan Jun. CPI: Japan's core consumer prices stay flat in June after 2-month fall

•   Japan Jun. Department store sales: Japan June dept. store sales sag 19%, slower fall on reopened stores

•   India Jun. Car sales: June passenger vehicle sales dip 38% to 126,417 units, says FADA

•   India Weekly Employment:  Rural unemployment inches up, joblessness in urban areas eases

•   Indonesia Jun. Fiscal account: Indonesia records $17.5b budget deficit in H1 as govt seeks to bolster spending

•   Hungary Benchmark rates: Hungary Vows ‘Safe Distance’ From Zero Rates After Another Cut

•   COVID-19: Johns Hopkins University Live Updates

[News]

•   WSJ: Trump Fed Nominees Shelton, Waller Confirmed by Senate Committee

•   WSJ: How Angela Merkel’s Change of Heart Drove Historic EU Rescue Plan

•   WSJ: U.S. Coronavirus Cases Rise at Slowest Pace in a Week

•   WSJ: White House Works to Sell GOP Senators on Payroll-Tax Cut

•   WSJ: As $600-a-Week Jobless Aid Nears End, Congress Faces a Quandary

•   WSJ: Blacklisting of Chinese Firms Rattles American Supply Chains

•   WSJ: Newsletter: Rolling Back Reopenings

•   WSJ: Covid-19 Prompts Walmart to Close Stores on Thanksgiving Day

•   WSJ: Apple Pledges to Be Carbon Neutral by 2030

•   NYT: End of $600 Unemployment Bonus Could Push Millions Past the Brink

•   NYT: Coronavirus Threatens the Luster of Superstar Cities

•   WP: With little clarity on coronavirus, Americans crowdsource how to live in a pandemic

•   WP: U.S. accuses China of sponsoring criminal hackers targeting coronavirus vaccine research

•   WP: The future of the Internet could be Chinese and authoritarian, a Senate Foreign Relations report warns

•   FT: EU leaders strike deal on €750bn recovery fund after marathon summit

•   FT: EU recovery fund: how the plan will work

•   FT: Pompeo urges UK action as China tensions rise

•   FT: Is the rebound in America’s economy already over?

•   FT: Plateau in European activity points to economic headwinds

•   FT: Big US investors urge regulators to treat climate as systemic risk

•   FT: US lab giant warns of new Covid-19 testing crunch in autumn

•   FT: New Delhi records higher Covid-19 infection rate than New York

•   FT: Fears mount of a fresh Latin American debt crisis

•   FT: Brazil’s government unveils tax reform plan

•   FT: Reflation trades gain further altitude

•   FT: EU regulators revolt over fund performance forecasts

•   FT: UK company insolvencies to rise sharply as state support measures unravel

•   FT: Fears EU-UK trade talks will bear no fruit until autumn

•   FT: Argentina bondholders team up on new restructuring proposal

•   FT: UK households experience biggest income shock since 1970s

•   FT: UK establishment criticised for dropping the ball on Kremlin threat

•   Bloomberg: South Korea GDP to Show Recession Despite Avoiding Lockdown

•   Bloomberg: Covid Antibodies Fade Rapidly, Raising Risk of Lost Immunity

•   Bloomberg: China Fuel Flood Has Asia Gasoline Recovery From Virus Teetering

•   Bloomberg: EU Approves Biggest Green Stimulus in History With $572 Billion Plan

•   Bloomberg: Dates to Watch as Governments Face a Fiscal Cliff Edge

•   Bloomberg: China’s Belt and Road Awakens With a Push Through Pakistan

•   Bloomberg: The Wrong Kind of Pallets Threatens Border Trouble After Brexit

•   Bloomberg: Firms Cutting Capital Spending Set to Prolong India’s Slump

•   Bloomberg: Threat to Dollar’s Global Supremacy Revived by EU Stimulus Deal

•   Bloomberg: A Glimpse Into the Fiscal Gloom Bearing Down on America’s Cities

•   Bloomberg: Ford and VW Electric Models May Be Delayed by Trade-Secret Fight

•   Bloomberg: Low Chance of Vaccine This Year, Johnson’s Medical Adviser Says

•   Bloomberg: Sweden Says Covid Immunity Can Last Half a Year After Infection

•   Bloomberg: Coronavirus Infections Far Exceed Reported Cases, CDC Says

•   Bloomberg: Biden Makes Economic Argument for Federal Spending on Caregiving

•   Bloomberg: A $1 Trillion Glut of Bonds Is Dwarfing Central-Bank Demand

•   Reuters: Oxford COVID-19 vaccine developer cautious on 2020 roll-out

•   Reuters: Nokia rolls out 5G networks for industrial clients

•   Reuters: BHP hits record iron ore output but warns of risks from virus

•   CNBC: Trump warns U.S. coronavirus outbreak will probably 'get worse before it gets better'

•   CNBC: Coronavirus stimulus: Congress looks unlikely to pass relief bill this month

•   CNBC: U.S.-China relations will remain tense, says former American ambassador

•   MarketWatch: This might be ‘the worst time in history’ to pile into these stocks, but investors keep doing it anyway

•   MarketWatch: The dollar got punched in the mouth Tuesday and its outlook is dim, experts say

•   Stat: 6 burning questions for Covid-19 vaccine developers headed to the House

•   SCMP: China-Australia decoupling could hit ‘extensive benefits’ from joint research

•   SCMP: Several coronavirus vaccine trials show promise, so what happens next?

•   SCMP: Why did China buy more US debt in May amid talk of financial war?

•   SCMP: Lockheed Martin sanctions show China has few options in US trade war

•   SCMP: Doubts over China’s bid to cut fossil fuels as coal fires virus recovery

•   SCMP: Debate continues whether US will cut China off from Swift payment system

•   Global Times: Indian economy will suffer due to planned sanction of Chinese firms: experts

•   매경(P1): [단독] 서울 노후임대아파트 `고층 재건축`

•   매경: `임대아파트 재건축`으로 겨우 숨통…서울 수요엔 턱없이 부족

•   매경: 부동산정책 어쩌다…베네수엘라 따라가네

•   매경: 3년간 `국유지 16곳 개발` 큰소리 치더니…착공은 제로

•   매경: 기본소득 이어…이번엔 `이재명표 기본주택`

•   매경: 이와중에…종부세 2배 걷혔다

•   매경: "한국인들, 빚내서 테슬라 투자"…외신도 놀란 원정개미

•   매경: "주3일만 공장 돌려"…지방 제조업체들 `연내 줄파산 공포`

•   매경: 로봇이 힘든 작업 대신하니…스마트공장엔 젊은이들 줄섰네

•   매경: "청년일자리 미스매치…스마트공장이 해결책"

•   매경: [단독] 한국판 뉴딜 민자사업 스타트…1호는 `수소충전소`

•   매경: 노태문 사장 "삼성 갤럭시 언팩서 신제품 5종 공개"

•   매경: SK, 英 아스트라제네카와 코로나 백신 생산

•   매경: 몸값뛰는 구리…경기민감株 베팅 시그널?

•   한경(P1): 행정수도 띄우는 與…靑 "반대할 이유없다"

•   한경: 靑·국회, 세종 옮겨도…"임기 4~5년 비서·의원들 서울 집 팔겠나"

•   한경(P1): 어느새…강북 새 아파트 호가 이미 20억 넘었다

•   한경(P1): 코로나 잔혹사…포스코, 사상 첫 분기 적자 '쇼크'

•   한경: 짐작은 했지만 너무 많다…1주택자 '충격의 재산세'

•   한경: 세금 알바'로 월급에 실업수당까지…3만2천명이 3250억 받아

•   서경(P1): 서울 집값, 노무현·문재인 정부서 8억 올랐다

•   서경: YS → 문 정부, 강남-비강남 집값 격차 100배

•   서경(P1): 관료 110만명 넘어···'공무원 공화국' 되나

•   서경(P1): 실업급여 지급 가능액, 법정기준 '5분의1'로 떨어졌다

•   서경: 실업급여로 月1조 지출...고용보험, 이대론 '밑빠진 독' 신세

•   서경: 文 주문 하루만에···김경만 의원 'CVC 허용' 벤처투자법 발의

•   서경: [단독] 50일만에···서울 6억이하 아파트 3.5만가구 줄었다

•   서경: 집값 폭등에 토지자산 GDP 대비 4.6배 '사상 최대'

•   서경: 박상현 두산밥캣 대표, 두산重 신임 CFO로 선임

•   조선(P1): 청와대, 다주택 김조원 민정수석 등 5~6명 교체한다

•   조선(P1): 7000명 확진 대구, 실제 18만명 걸렸을 수도

•   조선: 정부, 5개 공급카드 만지작… 전문가 "시장 안정엔 역부족"

•   조선: 나라 자산의 85%가 부동산, 3년새 1000조 뛰었다

•   조선: 주가 하락에 1조 베팅한 개미들 큰일났네

•   조선비즈: 美증권거래소 지적받았던 한전, 이번엔 불확실성 큰 해상풍력에 수조원 투자

•   조선비즈: "코로나로 재정지출 확대…稅부담부터 인플레 우려까지"

•   중앙(P1): 세계가 탈홍콩 유치 총력전, 한국은 NYT 온다니 됐다?

•   중앙: 탈홍콩보다 탈한국이 더 걱정···6000명 생계 걸린 곳 짐 싼다

•   동아: 서울 하루 21명 확진… 한달만에 최다

•   문화(P1): 8월 17일 임시공휴일 지정… 국무회의 의결

•   문화: 9월만기 앞두고… 대출 조이는 은행, 말리는 정부

•   한국(P1): 양도세도, 종부세도 맞을수록 맷집만 키워 온 '강남불패'

•   국민(P1): [단독] SK하이닉스·애플 ‘친환경 반도체 생산’ 그린 동맹

•   머니투데이(P1): 자율주행차 동승한 이재용-정의선…배터리 넘어 반도체 '광폭동맹'

•   머니투데이: 파운드리시장 파고드는 中 SMIC…IPO로 TSMC·삼성전자 추격

•   파이낸셜뉴스(P1): 공급대책 발등의 불… 빈상가, 주택으로 전환

•   파이낸셜뉴스: 빌딩 공실률 잡고 서민 주거난 풀고… 주택 공급 ‘발상의 전환’ [빈 상가, 주택전환 속도]

•   파이낸셜뉴스: 기업투자 끌어들이려면 '과감한 규제혁파'로 승부수 띄워라 ['한국판 뉴딜' 성공의 조건]

•   파이낸셜뉴스: LGD, 中서 OLED 양산 시동… 월 13만장 생산능력 갖춘다

•   아시아경제(P1): "소규모 개발 공급 한계, 시장 오히려 더 불안"

•   아시아경제: 해상풍력으로 '일' 내는 중부발전…그린뉴딜 발맞춰 경제 살린다

•   아시아경제: 체코·루마니아·이집트·캐나다…한수원, 해외원전 사업 잰걸음

•   이데일리(P1): 한은 노조, 민주노총 탈퇴.."방향성 안맞았다"

•   이데일리: 부동산대책에 성난 민심, 촛불 드나…25일 집회 예고

•   이데일리: Again '1980·1998'…韓경제 역대 3번째 마이너스 성장 예고

•   연합: 베트남, 원전 도입 계획 재추진 검토

•   연합: 대출로 버티긴 하는데…숙박·음식업 경기 '최악 위축'

•   연합인포맥스: 코로나·부동산 규제 강화에 신사업으로 돌파구 찾는 건설사들

•   뉴시스: 허성무 창원시장 "신재생 에너지정책 전초기지 담당"

•   뉴시스: 모빌리티 협력 기대 속…삼성은 왜 전기차 안 만들까

•   뉴스핌: "두산모트롤 어디로?" 韓中 대결 압축...'방산 분리' 관건

•   SBS CNBC: 대우산업개발, 두산건설 인수 빨간불?

•   이투데이: 수소법 하위법령 공청회…수소전문기업 선정기준 구체화

•   아시아투데이: 한전, 그린뉴딜에 전기요금 인상 압박…연료비연동제 도입 ‘만지작’

•   팍스넷뉴스: 두산건설發 어음 러시?

•   더구루: 두산밥캣, 英서 또 파격 프로모션…"1년간 반값 할인"

•   데일리메디: 두산, 알짜 계열사 매각 본격화···중앙대병원 설왕설래

•   FuelCellsWorks: Hydrogen 2020: Engaging with Innovation - FuelCellsWorks

•   KHL: Sany Europe: rental holds the key

•   MINING.com: Brazil Minerals encouraged by resource estimates for Iron Project

•   CNET: Huawei and China-US tensions: Where do we go from here?

•   Verge: Amazon expands its robot delivery trials to more states

•   전자신문: 주호영 통합당 원내대표, "4차 산업혁명 위해 탈원전 포기해야"

•   전자신문: [수상태양광 현장을 가다]청풍호에 활짝 핀 친환경 전력

•   전자신문: [수상태양광 현장을 가다]합천댐 주민참여형 모델로 추진

•   디지털데일리: [딜라이트닷넷] “애플도 넣는다” 터치일체형 OLED 뭐길래

•   Phone Arena: Is 5G safe or dangerous? Here are the facts

•   Phone Arena: Samsung and Apple had a not-so-terrible quarter in the US smartphone market

•   Inside EVs: SK Innovation-LG Chem Clash Might Cause 'Catastrophic Supply Disruption'

•   Robotics & Automation News: Automation and digitalization ‘offer a significant competitive edge in a volatile market environment’, says Siemens

•   Robotics & Automation News: Kuka launches new robotic cell with pre-configured applications

•   Robotics Business Review: Study Finds Stronger Links Between Automation and Inequality

•   Nikkei Asian Review: Toshiba's megawatt fuel cells have enough juice to power a factory

•   Nikkei Asian Review: Japan 'glamping' resort delivers barbecue without the virus risk

•   Nikkei Asian Review: Japan greenlights dexamethasone as second coronavirus treatment

•   Livemint: Over 23% in Delhi infected by coronavirus: sero-survey results

•   Livemint: Onus is on growth revival as debt profile gets worse

•   Business Standard: Covid-19 impact: India's GDP to contract 6.1% in FY21, says Nomura

•   Folha de S.Paulo: Covid-19 Has Infected 1% of The Population and Killed More than 80 Thousand Brazilians - 21/07/2020 - Science and Health - Folha

•   Moscow Times: Russia Ditches Goal of Becoming Top 5 Economy

•   Moscow Times: Russia Signals Return to Fiscal Conservatism With Future Budget Cuts

•   Moscow Times: The Lowest Tax Rate in the World? Russia’s ‘IT Tax Maneuver’

•   Jakarta Post: ‘Crisis like no other’ will shrink Indonesia’s economy, IMF forecasts

•   Jakarta Post: Low-cost property dominates market demand in year’s first half

[Opinions]

•   Project Syndicate(Mohamed A. El-Erian): Is a China-US “Rivalry Partnership” Possible?

•   Project Syndicate(Brahma Chellaney): China’s Five-Finger Punch

•   Project Syndicate(Carl Bildt): Turkey’s Approaching Crossroads

•   Project Syndicate(David Stasavage): Trump’s Ancient Ballot Lie

•   Project Syndicate(Javier Solana): A Better Globalization

•   FT(Editorial Board): Recovery fund is a huge breakthrough for the EU

•   FT(Editorial Board): The Russian threat to the UK’s democratic system

•   FT(David Gardner): Donald Trump’s allies race for gains in a combustible Middle East

•   FT(Ben Hall): Two cheers for Europe’s €750bn recovery fund

•   FT(Robin Harding): The mysterious death of the market rentier

•   FT(Sarah O'Connor): Don’t just kill off zombie jobs, create better ones

•   FT(Carolyn Fairbairn): The UK cannot afford to self-isolate from China

•   FT(Jeremy Farrar): The worst of Covid-19 may still be to come

•   FT(Sabrina Khanniche): The EU pandemic fund will transform the investment landscape

•   WSJ(Glenn Hubbard, Hal Scott): ‘Main Street’ Program Is Too Stingy to Banks and Borrowers

•   WSJ(Henry I. Miller): Covid’s Harrowing Complications

•   NYT(Spencer Bokat-Lindell): Could Biden Be the Climate-Change President?

•   NYT(Elizabeth Warren): My Coronavirus Must-Do List

•   NYT(Tom Frieden, Cyrus Shahpar): We Searched for Covid-19 Data. Here’s What We Couldn’t Find.

•   NYT(Michael Singh): When China Met Iran

•   WP(Catherine Rampell): Don’t pull the plug on pandemic unemployment aid

•   WP(David Ignatius): The U.S. has a stronger hand in its tech battle with China than many suspect

•   WP(Jennifer Rubin): Joe Biden would stop Trump’s policy of putting Putin first

•   WP(Hugh Hewitt): Trump will run on his handling of the economy and China

•   WP(Leana S. Wen): As the toll of covid-19 worsens, the U.S. has three options

•   Bloomberg(Mac Margolis): Covid-19 May Destroy Chile’s Iconic Pension System

•   Bloomberg(John Authers): Your Fang Stocks May Need Some Gold Fillings

•   Bloomberg(Marcus Ashworth): Italy's Immediate Problems Have Disappeared

•   Bloomberg(Karl W. Smith): Delay the Vote on Judy Shelton’s Fed Nomination

•   Bloomberg(Lionel Laurent): Macron and Merkel Deliver an $859 Billion Breakthrough

•   Bloomberg(Faye Flam): Don’t Get Depressed Over Those Covid Antibody Studies

•   Bloomberg(Peter R. Orszag, David Gluckman, Stephen H. Sands): The Pandemic May Very Well Last Another Year or More

•   Bloomberg(Tara Lachapelle): Coronavirus Predictions Are Best Left to the Experts

•   CNBC(Ayanna Pressley, David Stein): The Fed has a ‘responsibility’ to help reduce high unemployment in the Black community

•   동아(조용성): 그린 뉴딜, 전기료 체계 합리화로 앞당길 수 있다

•   한국(유승훈): 9차 전력수급, 에너지전환 큰 틀 마련하다