Business Intelligence Monitor 201002

(Introduction)

[Markets]

•   Global: Stimulus hopes lead markets into tough fourth quarter

•   Metals: Copper slides 4% on virus worries, surge in inventories

•   Grains: Corn climbs to 7-month high, boosted by low U.S. stocks

[Indicators]

•   US Aug. PCE: Consumer Spending Rose in August, but Incomes Pose Hurdle for U.S. Recovery

•   US Sep. Manufacturing PMI: U.S. Manufacturing Shows Improvement but Hiring Lags

•   US Aug. Construction spending: Housing boost U.S. construction spending in August

•   US Weekly Jobless claims: U.S. Jobless Claims Hold Steady for Fifth Straight Week

•   US Weekly Bloomberg consumer comfort index: U.S. Consumer Sentiment Strong Despite Drop in Financial Comfort

•   Eurozone Aug. PPI·Employment: Euro zone producer prices edge up in August, unemployment rises

•   Eurozone Sep. Manufacturing PMI: Germany Helps Euro-Area Factories to Best Growth in Two Years

•   Asia Sep. Manufacturing PMI: Asia’s Factories Show Mixed Recovery as Japan, India Gain

•   한국 9월 무역수지: 9월 수출 7.7% 증가…코로나 딛고 7개월 만에 반등

※   매경: 반도체·車가 쌍끌이했지만…"수출 회복은 단정 못해"

•   Japan Q3 Tankan index: Post-Covid economic bounce fails to take off in Japan

•   India Sep. GST revenue: September’s GST revenue best of this fiscal as business activity picks up

•   Philippines Benchmark rates: Philippines Holds Key Rate as it Boosts Debt Financing

•   UAE Sep. Oil Exports: UAE’s Oil Exports Hit 23-Month Low as OPEC+ Pressure Ramps Up

•   COVID-19: Johns Hopkins University Live Updates

[News]

•   WSJ: Coronavirus-Aid Talks Still Stuck After Counteroffer by Mnuchin

•   WSJ: The U.S. Economy Was Laden With Debt Before Covid. That’s Bad News for a Recovery.

•   WSJ: New U.S. Coronavirus Cases Rise Slightly

•   WSJ: Covid-19 Vaccine Trials Need Only a Fraction of People to Get Sick

•   WSJ: Covid-19 Vaccine’s Development Won’t Be Affected by Politics, Pfizer CEO Says

•   WSJ: All Remdesivir Supplies to Be Distributed in U.S. by Maker Gilead Sciences

•   WSJ: Pandemic Pain Persists for Big Oil Companies

•   WSJ: Oil’s Recovery Set to Drag On Beyond Next Year

•   WSJ: ECB Steps Up Support for Credit Markets

•   WSJ: South Korea’s Market Rebound Heats Up Argument Over Bringing Back Short Selling

•   WSJ: Kim Jong Un’s New Look Is More Man Than Superhuman

•   WSJ: Long Before Nikola Trucks, Trevor Milton Sold Investors on Startups That Faded

•   NYT: Trump Renews Fears of Voter Intimidation as G.O.P. Poll Watchers Mobilize

•   NYT: In U.S.-China Tech Feud, Taiwan Feels Heat From Both Sides

•   NYT: Airlines, Facing a Painfully Slow Recovery, Begin Furloughing Thousands

•   NYT: New Layoffs Add to Worries Over U.S. Economic Slowdown

•   WP: Belligerent Trump debate performance stokes fears among Republicans about November

•   WP: As Kim wooed Trump with ‘love letters,’ he kept building his nuclear capability, intelligence shows

•   WP: The first presidential debate was chaotic. Here’s why improving the next one will be tough.

•   WP: France announces new coronavirus restrictions as covid-19 cases rise

•   WP: Democrats focus on cutting off path to victory for Trump if presidency is thrown to House to decide

•   WP: The Daily 202: Trump’s $750 tax bill helps Biden sharpen pitch to working-class Whites who defected to GOP in 2016

•   FT: Brussels launches legal action against UK over Brexit deal breach

•   FT: EU cautious on progress of UK trade talks

•   FT: The sound of silence will signal a Brexit breakthrough

•   FT: Brexit talks: what are the main obstacles to a deal?

•   FT: Tokyo’s bourse to reboot trading on Friday after worst outage since 1999

•   FT: IMF calls for urgent action to prevent debt crisis in emerging economies

•   FT: FDA widens probe into AstraZeneca Covid vaccine

•   FT: New York could lose 159,000 restaurant jobs due to pandemic

•   FT: Boeing to stop making 787 Dreamliner in Washington state

•   FT: Alexei Navalny says Putin was behind his poisoning

•   FT: Mexico’s Supreme Court approves referendum on presidential trials

•   FT: Growth in coronavirus infections is slowing in England, survey suggests

•   FT: Capitalists unite! You have nothing to lose but your supply chains

•   FT: Oil bankruptcies could shift clean-up bill to US taxpayers

•   FT: Germany to set out homeworking rights in weeks, says minister

•   FT: Madrid bows to government demands on coronavirus curbs

•   FT: Covid-linked debt rush ignites direct lending market

•   FT: SoftBank: technology evangelist or hedge fund?

•   FT: China’s sabre-rattling over Taiwan rises as US tensions grow

•   FT: Shell slims down to shape up for the energy transition

•   Bloomberg: Biotechs Move Toward First U.S. Covid-19 Vaccinations by Yearend

•   Bloomberg: The Yuan Just Had Its Best Quarter in 12 Years

•   Bloomberg: U.K. Found ‘Critical’ Weakness in Huawei Equipment

•   Bloomberg: Amazon Says Almost 20,000 Workers Had Covid-19 in 6 Months

•   Bloomberg: Biden Breaks Fundraising Record Again, Buoyed by Debate

•   Bloomberg: Trump Campaign Says Debate Commission Biased Against President

•   Bloomberg: Last Jobs Report Before Election Is Set to Show Slowing Recovery

•   Bloomberg: Six Small Business Leaders on What It Takes to Survive the Pandemic Economy

•   Bloomberg: Asia’s Export Engines Are Gradually Healing From Pandemic Slumps

•   Bloomberg: ECB’s De Cos Backs Fed-Style Strategy of Inflation Overshoot

•   Bloomberg: Fed’s Kaplan Says Markets Have Clarity on Fed’s Policy Path

•   Bloomberg: Private Debt Fundraising Squeezed by Pandemic Jitters, Election

•   Bloomberg: Why Election Jitters Have Traders Chasing Butterflies

•   Bloomberg: ECB Applies for ‘Digital Euro’ Trademark Amid Feasibility Study

•   Reuters: Europe lays ground for fast-tracking COVID-19 vaccine reviews

•   Reuters: U.S. blue states build debt stockpiles as virus aid is stymied

•   Reuters: More than 7,500 finance jobs have left Britain for Europe - EY Brexit tracker

•   AP: Push to bring coronavirus vaccines to the poor faces trouble

•   CNN: UK house prices hit a record but could be falling again soon

•   CNN: Wall Street is more worried about a contested election than coronavirus

•   CNBC: Coronavirus Europe: Second wave of the virus, infection rate slowing

•   CNBC: Coronavirus vaccine trial participants: Exhaustion, fever, headaches

•   CNBC: China market reforms have benefited SMEs and tech companies: JPMorgan

•   CNBC: Biden is still leading in the polls, and voters say he won his first debate against Trump

•   CNBC: Biden’s $1.7 trillion climate plan would be blow to Big Oil

•   CNBC: U.S., China may slip into a 'cold war,' pushing nations to pick sides

•   CNBC: The Trump-Biden debate helped the stock market go higher, Jim Cramer says

•   CNBC: 'Incredible economic momentum' will drive stocks in Q4: Jim Paulsen

•   MarketWatch: Here are the biggest winners in a solid third quarter for U.S. stocks

•   MarketWatch: An experimental antibody treatment reduced viral load in some COVID-19 patients. That may also be a positive sign for vaccines

•   Fox News: Pelosi warns Trump 'ain't no light at the end of the tunnel' should election be decided in House

•   SCMP: US-Taiwan infrastructure investment deal aims to reduce dependence on China, experts say

•   SCMP: India-China border dispute: is Beijing’s latest stance pushing both sides to the brink of conflict?

•   SCMP: Donald Trump’s four years in power has ‘totally changed manufacturing’, say US firms forced to rethink supply chains

•   SCMP: Will Chinese consumer spending catch up to support a broad economic recovery from coronavirus?

•   매경(P1): 文대통령, 메르켈과 통화…WTO 유명희 지지 요청

•   매경: 코스피, 추석 지나면 힘낼까…전문가들 "美대선까진 박스피"

•   매경: 증권사 6곳중 5곳 "연휴 끝나면 현대車 담아라"

•   매경: 서울 아파트값 지금이 고점?…"연말까진 일단 관망을"

•   매경: 추석이후…공시가 더 올리고, 자금조달계획서 더 깐깐하게

•   조선비즈: 매립되는 풍력 발전 '폐기물'... 쓰레기 처리 방안도 없는데 '그린뉴딜'이라고?

•   조선비즈: 상온노출 의심 독감백신 접종자 1910명… 하루새 548명 증가

•   머니투데이: 2조 자구안 목표 달성 두산그룹 남은 과제는?

•   이투데이: 석유서 손 떼는 석유 공룡들…국내 정유사는?

•   글로벌이코노믹: 두산산업차량, 3조원 대 무인지게차 시장 공략 나선다

•   Power Engineering: South African nuclear power plant welcomes replacement steam generator

•   reNews: Covid, renewables combo fuel EU negative power prices

•   Asian Power: SEA wind power needs $14b new investments by 2030

•   이투뉴스: 그린뉴딜 지원 위한 신재생에너지 관련법령 개정

•   Equipment World: New Compact Excavators: What Comes Standard – and What Doesn’t – Might Surprise You

•   For Construction Pros: One-year FAST Act Extension Passes on Eve of Expiration

•   OilPrice.com: Carbon Capture Is Critical To Net-Zero Goals

•   OilPrice.com: Carbon Capture Is A Critical Part Of Our Energy Future

•   OilPrice.com: Nord Stream 2 Nears Completion After Clearing Another Hurdle

•   OilPrice.com: China Is Ready To Give Iran’s Oil Industry A Major Boost

•   MINING.com: Low-carbon future may lead to more mining in high-risk areas – study

•   Verge: Toyota’s robot butler prototype hangs from the ceiling like a bat

•   ZDNet Korea: LG전자·BOE, 내년 '롤러블 폰' 출시 위해 맞손

•   Phone Arena: Samsung Galaxy S20 FE (Fan Edition) review, the price champion

•   Phone Arena: Google reportedly sets a laughable sales target for the Pixel 5

•   Robot Report: The Evolution of Robotic Automation

•   Nikkei Asian Review: TSE under fire for poor communication after system crash

•   Nikkei Asian Review: Japan to start work on new stimulus package by year's end

•   Nikkei Asian Review: SK Hynix's bid for chip alliance hits snag on Kioxia's stalled IPO

•   Mainichi: Japanese bio-venture starts development of COVID-19 peptide vaccine

•   Mainichi: Mitsubishi Power to supply gas-fired generating gear in Thailand

•   Economic Times: Why Indian stocks usually do better post US polls

•   Economic Times: Govt sets up panel to screen all Chinese foreign investment proposals

•   Hindustan Times: A review of economy in 1st half of FY 2020-21

•   Folha de S.Paulo: Brazil Enters Slow Stage of Covid for The 1st Time

•   Jakarta Post: Most small businesses could shut down in six months due to COVID-19: UNIDO

•   Jakarta Post: Indonesia, South Korea boost business cooperation amid pandemic

•   Jakarta Post: Indonesia issues new bond series, targets $337m in debt financing

•   Jakarta Post: Govt, House pass Indonesia’s 2021 state budget: What you need to know

•   Jakarta Post: RI to break long-term green energy promises at current pace: IESR

[Opinions]

•   Project Syndicate(이종화): The Perils of Big COVID Government in Asia

•   Project Syndicate(Rebecca Henderson): Shareholder Value in a Burning World

•   Project Syndicate(Harold James): Capitalists and Socialists of the World, Unite!

•   Project Syndicate(J. Bradford DeLong): The Limits of American Recovery

•   Project Syndicate(Reda Cherif, Fuad Hasanov, Mariana Mazzucato): How to End the Pandemic This Year

•   Project Syndicate(Ann Pettifor): The Need for a Great Transformation

•   FT(Editorial Board): The ECB begins its shift to a new inflation goal

•   FT(Philip Stephens): Germany’s tough choices amid the global disorder

•   FT(Gillian Tett): Investors grapple with bizarre US election cycle

•   FT(Edward Luce): America’s bleeding democratic image

•   FT(Martin Sandbu): ECB gets ready to target the ‘green spread’

•   FT(Chris Giles): Central bankers have been relegated to second division

•   FT(Ashley Nunes): Joe Biden’s climate bet is misguided | FT Alphaville

•   FT(Adair Turner): China’s net-zero target is a giant step in fight against climate change

•   WSJ(Daniel Henninger): ‘Will You Shut Up, Man?’

•   WSJ(Robert B. Zoellick): Leave No Country Behind in the Post-Covid Recovery

•   WSJ(Yannis Palaiologos): Europe Fails to Contain Turkey

•   NYT(Nicholas Kristof): Trump Calls on Extremists to ‘Stand By’

•   NYT(Gail Collins): Anyone Else Want to See Trump ‘Shut Up’?

•   NYT(Brooke Harrington): Trump’s Tax Avoidance Is a Tax on the Rest of Us

•   WP(Editorial Board): Americans need real economic help, not more theater on Capitol Hill

•   WP(Editorial Board): If Trump wants us to believe he paid millions in taxes, all he has to do is show us one page

•   WP(David Ignatius): How Trump’s debt could be a national security threat

•   WP(Dana Milbank): Trump backs violent white supremacists. There’s no way around it.

•   WP(Paul Waldman): Joe Biden refocuses on economic populism

•   WP(Josh Rogin): The Trump-Biden debate showed how broken our China discussion has become

•   WP(Megan McArdle): Biden and Harris are playing a Trumpian game on vaccine safety

•   WP(Fareed Zakaria): I thought Trump was winning the debate. But then I turned off the sound.

•   Bloomberg(Daniel Moss): Time to Get Japan Out of Its 'Straitjacket'

•   Bloomberg(Conor Sen): America’s Economy Has Broken the Curse of the ‘70s

•   Bloomberg(Tim Duy): Does the U.S. Jobs Report Even Matter Anymore?

•   Bloomberg(Marcus Ashworth): U.S. Should Cut the Swiss Some Slack on Currency Manipulation

•   Bloomberg(Ferdinando Giugliano): Central Bankers Inflate the Numbers on QE

•   Bloomberg(Jonathan Bernstein): Debate Fallout Isn’t Helping Donald Trump

•   Bloomberg(Andreas Kluth): Europe Can Have Stimulus or Rule of Law, Not Both

•   Bloomberg(Sam Fazeli): Trump Could Get His Vaccine Before Election Day

•   Bloomberg(Scott Duke Kominers): CDC’s Virus Messaging Is Too Complicated to Trust

•   CNN(Mark Zandi): Why the economy would be stronger under Biden than Trump

•   CNN(Justin Gest): How we can avoid an election disaster

•   CNN(Paul Callan): Biden did the one thing he had to do to win the debate

•   MarketWatch(Howard Gold): Half of Americans over 55 may retire poor

•   Fox News(Carrie Severino): Why is Biden still stonewalling on the Supreme Court?

•   Fox News(Andrew McCarthy): Biden is afraid of losing the radical left on court-packing