Business Intelligence Monitor 210722

(Introduction)

[Markets]

•   Global: Investors turn to stocks as they shrug off COVID worries

•   Metals: Lead hits three-year peak after German plant shuts, copper firm

•   Iron ore: Iron ore price drops as steel output control dampens demand

•   Grains: U.S. winter wheat rises for sixth straight day; spring wheat falls

•   Lumber: Lumber Rises as Canada Wildfires Snarl Production, Shipments

•   한국: 코로나 재확산속 코스피 나흘째 하락…외인·기관 순매도

•   한국: 조정장서도 사흘연속 오른다…형님보다 잘 나가는 아우 반도체株

•   한국: “호실적 이어진다” SK·일진·하나 머티리얼즈 3사 ‘포효’

•   한국: 두산그룹주 혼조, 두산인프라코어 10%대 급등 두산 2%대 하락

•   한국: 코로나 ‘최다 확진’에 원·달러 환율 1154원…9개월 만에 최고

[Indicators]

•   US Jun. Construction employment: Employment Trails Pre-Pandemic Level In 39 States

•   US Weekly Mortgage rates·applications: Volatile interest rates cause mortgage demand to drop

•   Japan Jun. Balance of trade: Japan's exports jump on solid U.S., China demand

•   Japan Jun. Supermarket sales: Japan supermarket sales up 1.7% in June

•   India May FDI: FDI investment doubled in April-May, but secondary investments dominate inflows: RBI data

•   South Africa Jun. CPI: Traders Hold South Africa Rate-Hike Bets Even as Inflation Slows

•   Argentina May Economy activity: Argentina’s Economy Posts Sharpest Decline in a Year in May

•   한국 상반기 중소기업 수출: 中企 수출 상반기 565억 달러 '역대 최고'

•   한국 7월 1~20일 수출: 7월 1∼20일 수출 32.8%↑…일평균 기준도 32.8%↑

[Trackers]

•   Johns Hopkins University: COVID-19 Global Cases & Deaths

•   Worldometer: COVID Live Update

•   Bloomberg: Covid-19 Vaccine Tracker

•   NYT: Covid-19 Vaccine Tracker: Latest Updates

•   NYT: See Coronavirus Restrictions and Mask Mandates for All 50 States

•   FT: Pandemic crisis: Global economic impact tracker

•   CNN: Tracking America's recovery

•   Bloomberg: Global PMI Tracker

•   Bloomberg: The Covid Resilience Ranking

[News]

•   WSJ: Republicans Block Infrastructure Bill but Talks to Continue

•   WSJ: Delta Variant of Covid-19 Isn’t Expected to Dent Robust U.S. Recovery

•   WSJ: How Inflation Threatens the Recovery

•   WSJ: Fed Chief Powell Enjoys Support for Reappointment, but He’s Not a Lock

•   WSJ: U.S. Government Could Run Out of Cash This Fall Unless Debt Ceiling Is Lifted, CBO Says

※   CBO: Additional Information About the Updated Budget and Economic Outlook: 2021 to 2031

•   WSJ: U.S. Life Expectancy Dropped Sharply in 2020

•   WSJ: Biden to Meet With Ukrainian President Zelensky

•   WSJ: U.S. Reaches Deal With Germany Over Russian Nord Stream 2 Pipeline

•   WSJ: Floods in China’s Zhengzhou Kill Dozens, Displace Hundreds of Thousands

•   WSJ: Opening Its Economy as Delta Variant Surges, the U.K. Becomes a Covid-19 Test Case

•   WSJ: Pfizer, BioNTech Join Halting Effort to Produce Covid-19 Vaccines in Africa

•   WSJ: Kim Jong Un Criticizes Youth for Not Being North Korean Enough

•   WSJ: Bond Rally Undercuts Inflation Fears

•   WSJ: Broken iPhone? Stalled Tractor? FTC Wants to Make It Easier to Fix Them

•   WSJ: Chips’ Biggest Political Pawn Still Has a Strong Game

•   NYT: Is the U.S. Economy Too Hot or Too Cold? Yes.

•   NYT: A Treasury official says an international tax deal would help make globalization work.

•   NYT: The U.S. reaffirms its land border restrictions with Canada, which will relax its, and Mexico, which has none.

•   NYT: Why Aren’t the Vaccines Approved?

•   WP: Delta variant drives surge in coronavirus cases worldwide, WHO warns

•   WP: You got a coronavirus vaccine. But you still became infected. How did that happen?

•   FT: EU rejects British plan to rip up Brexit deal

•   FT: UK’s plans to rewrite Brexit deal for Northern Ireland

•   FT: South-east Asia’s Covid surge poses latest blow to global chip supply

•   FT: US housing inflation: the sleeping giant that might tip the Fed’s hand

•   FT: Semiconductors: Europe’s expensive plan to reach the top tier of chipmakers

•   FT: German government pledges €200m in flood aid

•   FT: Machtverfall — a scathing report card on Angela Merkel’s final term

•   FT: Belgium reels from deadly floods

•   FT: ‘Forceful for longer’: Investors bet ECB bond buying is here to stay

•   FT: UK fights scepticism over assessment of Beta variant in France

•   FT: Faster growth to have limited impact on public debt, says UK fiscal watchdog

•   FT: Business leaders demand fix to England’s ‘pingdemic’

•   FT: ‘A form of brainwashing’: why Trump voters are refusing to have a vaccine

•   FT: The US response to the EU’s carbon plans

•   FT: President Biden’s net zero revolution?

•   FT: Fiercest billionaire space race is Bezos vs Musk

•   FT: Musk says SpaceX holds bitcoin, Tesla ‘likely’ to resume accepting it

•   FT: Iberdrola examines spinning off its offshore wind business

•   FT: Apple suppliers Foxconn and Nidec plan electric vehicle tie-up

•   FT: Apple goes all in on 5G for next year’s iPhones

•   FT: Beijing fines and warns big tech groups over explicit content

•   Bloomberg: U.S. Envoy Discusses Taiwan in Tokyo, Prompting Chinese Anger

•   Bloomberg: U.S. Envoy Wendy Sherman to Visit China as Tensions Build

•   Bloomberg: How Diplomatic Snubs Highlight Frayed China-U.S. Ties: QuickTake

•   Bloomberg: What U.S. Companies Are Saying About Price Pressures

•   Bloomberg: Inflation Drumbeat Reverberates on Latest U.S. Earnings Calls

•   Bloomberg: Corporate Earnings Dispel Delta Gloom With Rosy U.S. Outlook

•   Bloomberg: ECB Set to Rewrite Stimulus Pledge After Raising Inflation Goal

•   Bloomberg: Europe’s Frothiest Housing Market Is Making Politicians Edgy

•   Bloomberg: Working From Home Is a Risk for U.K. Public Finances, OBR Says

•   Bloomberg: China’s Births May Drop Again This Year From 2020’s Low

•   Bloomberg: Taliban Has the Momentum in Afghanistan, General Mark Milley Says

•   Bloomberg: South Africa Economy Set to Take $3.4 Billion Hit From Riots

•   Bloomberg: South African Excess Deaths Rise to 203,000 During Pandemic

•   Bloomberg: Price Surge Pits Bank of Russia Against Old Inflation Fears

•   Bloomberg: Bolsonaro Prepares Cabinet Changes in Bid to Appease Senate

•   Bloomberg: Europe’s Regional Debt Market Is on a Fast Track Back to Normal

•   Bloomberg: Baker Hughes Sees Slower U.S. Shale Drilling for Rest of 2021

•   Bloomberg: China Offered Millions of Barrels From Oil Reserve to Cool Rally

•   Bloomberg: Mining Boss Sees Fervor Calming With Peru Leftist to Take Office

•   Bloomberg: Ford, Lyft and Argo Team Up to Deploy Robo-Taxis This Year

•   Bloomberg: Greening Energy to Fight Climate Threat May Cost $92 Trillion

※   BNEF: Getting on Track for Net-Zero by 2050 Will Require Rapid Scaling of Investment in the Energy Transition Over the Next Ten Years

•   Bloomberg: Covid-19 Has Dimmed the Clean Power Market: Green Insight

•   Bloomberg: France Fights New Carbon Market as EU Girds for Tough Debate

•   Bloomberg: Japan Seeks to Aggressively Cut Fossil Fuel, Lift Renewables

•   Bloomberg: Cape Town to Build Own Power Plants, Buy Additional Electricity

•   Reuters: IMF to keep 2021 global growth forecast at 6%-Georgieva

•   Reuters: Two doses of Pfizer, AstraZeneca shots effective against Delta variant, study finds

•   Reuters: Sinopharm's COVID-19 shot induces weaker antibody responses to Delta -study

•   Reuters: Republicans abandon Capitol riot probe after Pelosi rejects Jordan, Banks

•   Reuters: Germany's COVID incidence may surpass 400 per 100,000 people in Sept -minister

•   Reuters: Delta variant is the majority COVID-19 variant in France, PM says

•   Reuters: UK's Sunak has little scope for longer-term spending - IFS think tank

•   Reuters: BOJ's price outlook views muddled by commodity rise, weak spending

•   Reuters: Japan sees faster progress in balancing budget despite pandemic

•   Reuters: Russia extends house arrest of Kremlin critic Navalny's spokesperson

•   Reuters: Russia targets 80% COVID herd immunity by November

•   Reuters: Local currency Chinese bond market could attract $400 bln a year - IIF

•   CNN: New York's economy is America's worst

•   CNN: Inflation is here. The Delta variant could make it worse

•   CNBC: Delta Covid variant: Fauci says vaccinated people 'might want to consider' wearing masks indoors

•   CNBC: GM to halt most large pickup truck production due to chip shortage

•   MarketWatch: Why the S&P 500 could be poised for a 5% drop — or even more this summer

•   MarketWatch: This is the technical reason why the 10-year Treasury rate has a chance of getting back to around 1.4%

•   SCMP: China’s job vacancies grow in second quarter as labour demand bounces back from coronavirus outbreaks

•   SCMP: China’s yuan internationalisation strategy needs ‘persistent, strong foreign demand’

•   Caixin: Chipmaker Tsinghua Unigroup Starts Search for Strategic Investors to Fund Bankruptcy Restructuring - Caixin Global

•   Nikkei Asia: COVID measures to make Tokyo Olympics costliest ever

•   Nikkei Asia: Hyundai and Great Wall EVs challenge Japan's dominance in Southeast Asia

•   Nikkei Asia: Analysis: Nixon visit anniversary will be a watershed moment

•   Economic Times: Consumption revived in June, investment resilient: Nomura

•   TASS: Oil prices won't decline past $60-70/barrel — experts - Business & Economy

•   Power Engineering: Siemens joins German utility to develop giant Li-Ion battery facility

•   MINING.com: Copper market in 75,000 tonnes deficit in Apr 2021 – ICSG

•   Equipment World: Concrete Form Tie Shortage Ripples Through Construction Industry

•   DIGITIMES: PCB makers continue to see shipments constrained

•   DIGITIMES: Globalfoundries to build new fab in New York

•   Robotics Tomorrow: The Elimination Tide of Physical Stores: Rise of E-commerce

•   매경(P1): '8만전자' 깨져도, 개미 올해 30조 쓸어담았다…개인지분율 11.4%

•   매경: 삼성 네이버 카카오 주가 상승의 비밀 여기 있었다

•   매경(P1): 정부, 초강력 거리두기 '4단계+α' 검토

•   매경: 민노총의 꼼수…2단계 격상 하루전 세종시 집회, 23일 원주서도

•   매경: "일하는 티 내려고 야근"…파란눈 회사원 놀라게 한 한국직원 한마디

•   매경: "차세대 전고체 배터리 2025년 양산"

•   매경: 삼성 차세대 폴더블폰 내달 11일 공개

•   매경: 文정부 '부의 대물림' 촉진?…서울 아파트 증여비중 3년새 3배 '껑충'

•   매경: [Biz times] 가업승계냐 전문경영인이냐…실마리 찾았다

•   매경: [Biz Focus] 숫자전문가 CFO는 옛말…이제 그는 핵심전략가다

•   한경(P1): 이재용 부회장, 가석방 대상에

•   한경: '가석방이냐 사면이냐' 기로에 선 이재용…문 대통령 결단에 달렸다

•   한경: 형기 60% 채워야 대상…이재용 이달말 요건 충족

•   한경: "반도체 패권전쟁 중인데…한쪽 발목만 풀어주고 싸우란 말이냐"

•   한경: "탈원전 성급…10년 뒤 제대로 된 전력기업 다 사라질 것"

•   한경: '중앙은행 디지털화폐' 성큼…한국에선 언제 쓸 수 있을까

•   한경: 스테이블코인 시총 1100억弗…"암호·법정화폐 장점 갖춰"

•   한경: CBDC 나오면 암호화폐 사라질까

•   한경: "비자발적 시간제근로자, 33만명 증가"

•   한경: 수출 물류대란…임시선박 2배 증편

•   한경: 현대차 임단협 잠정 합의했지만 노조 강경파 반발…하투 리스크 여전

•   한경: 현대차, 파격 임금인상…생산직 올해 연봉 1억 넘는다

•   한경: [마켓인사이트] 두산인프라코어 회사채 '미매각'

•   서경(P1): [단독] 韓 배터리 인재 빼가려···'유령회사'까지 차렸다

•   서경: [단독]구매 미끼로 신소재 샘플 낚고···리서치社에 "기술 빼오라" 거액 베팅도

•   서경: [단독] 국가 핵심 기술 유출만 35건···피해 규모 최소 21.4조 달해

•   서경(P1): [단독] 카카오뱅크 기관청약 2,400조 넘겨 '사상 최대'···수요예측 경쟁률 1,700대 1 돌파

•   서경: "키오스크·로봇에 서비스 일자리 뺏기고 장기실업자 쏟아진다"

※   한국은행: 코로나19의 상흔: 노동시장의 3가지 이슈

•   서경: [심층분석] 수주 랠리 조선, 후판가 급등에 어닝쇼크

•   서경: [시그널] 변이 바이러스 확대에 돈줄 말라···기업들, 유동성 확보 ‘쩔쩔’

•   조선(P1): 임대차법 1년, 서울 대단지 아파트 전셋값 32% 급등

※   기재부: 제 26차 부동산시장 점검 관계장관회의 개최

•   조선: 치솟는 서울 전셋값… 강북 59%, 도봉 43% 뛰었다

•   조선: 정부는 이 와중에 “임대차법 안정적 정착”

•   조선: 세종 31%, 울산 12%… 지방 전셋값도 껑충

•   조선: 백신 먹통 시스템… 한번 접속 성공하면 ‘무한 대리예약’ 가능했다

•   조선: 돌파감염 647명 백신 조사… 얀센·아스트라·화이자 順

•   조선비즈: [르포] 거리두기 4단계 열흘째, 곡소리 나는 자영업자들 “죽어야 알아주나”

•   조선비즈: 金총리 “한국에 원전 이미 충분, 추가 건설과 기술 발전 큰 관계 없다”

•   조선비즈: 송영길·이준석, ‘전국민 재난지원금’ 재확인…“시급한 것은 소상공인 지원”

•   조선비즈: 유가 하락은 반갑지만… 해운업계, 델타 변이로 물류망 꼬일까 우려

•   중앙: 수출품 실을 배가 없다…‘컨테이너 가득’ 주차장이 창고 됐다

•   문화: < What >‘28GHz 5G 기지국’ 1%도 구축못해… “통신품질 불량 배상하라” 법정공방

•   문화: 전국 전셋값 오르는데 과천·성남선 하락… ‘공급이 해법’ 입증

•   한국(P1): '열돔 폭염'에 전력사용 올여름 최고… 전력수급 아슬아슬

•   국민(P1): “봉쇄방역 한계… 현장 목소리 좀 들어달라”

•   서울: 원전 백지화도 모자라… 지원금에 이자까지 토해내라는 정부

•   머니투데이(P1): 최태원 회장은 왜 마이클 샌델을 불렀을까

•   더벨: BBB 회사채 전성시대

•   더벨: '주택'만 바라보는 대형 건설사

•   헤럴드경제(P1): 시세조작 ‘실거래가 띄우기’ 첫 적발

•   헤럴드경제: 산업계, 최저임금 ‘불복종 운동’ 확산

•   헤럴드경제: 건산연 “도심 공공주택사업 삐걱”...정부 “주민동의 원할하게 진행중”

•   파이낸셜뉴스: 文정부 4년간 규제법안, 朴정부의 3배… 반기업정책에 국가경쟁력 추락 [勞리스크 고조되는 산업계]

•   디지털타임스: [반도체발 인플레 오나] 자동차·노트북·스마트폰까지… 반도체 대란에 가격인상 전방위 압박

•   디지털타임스: [반도체발 인플레 오나] 국제유가 `오락가락`… 불안한 산업계

•   디지털타임스: 작년 PEF 투자액 18조 `사상 최대`

•   디지털타임스: 또 맞붙는 네이버-카카오… 이번엔 택배대전

•   이데일리: IPO 공모가 하향 압박' 금감원 정정 요구 갑론을박

•   이데일리: "3년 무분규"vs"3년 파업"…노조 집행부 성향에 완성車 '희비'

•   연합: 오늘 1천800명 안팎, 최다기록 깨질수도…수도권 4단계 연장될듯

•   연합: 풀리지 않는 반도체 수급난…기아 EV6 출시도 늦어지나

•   뉴시스: EU 이어 美 탄소국경세 추진…주목받는 그린산업 관련주

•   e대한경제: MZ세대 노조가 온다

•   e대한경제: SK하이닉스 인텔 낸드 인수 9부능선 넘었다…중국만 남아

•   e대한경제: 베트남 전력시장 성장 무섭다…국내 기업 진출 움직임

•   에너지경제: 폭염에 원전 이용 증가 기대감…한수원, 탈원전 스트레스 털고 ‘표정관리’

•   에너지경제: "올해 전 세계 풍력발전 규모 84GW 전망…지난해보다 15.2% 감소"

•   에너지경제: [이슈분석] 탄소포집, '넷제로' 달성에 도움될까? "탄소감축 해법 아냐" VS "모든 노력 동원해야"

•   전자신문(P1): 삼성디스플레이·LGD, 중소형 OLED 투자 나선다…하반기 7조 이상 투입

•   전자신문: 올 상반기 태양광 설비 2264MW 보급…'역대 최대'

•   ZDNet Korea: 하늘 나는 車' 상용화 언제될까..."공역규제 해결이 최대 난제"

[Opinions]

•   Project Syndicate(John H. Cochrane): The Fallacy of Climate Financial Risk

•   Project Syndicate(Jorge G. Castañeda): Latin America’s Summer of Discontent

•   Project Syndicate(Eric Posner): The Antitrust War’s Opening Salvo

•   FT(Editorial Board): The argument for vaccinating teens

•   FT(Editorial Board): The inexorable rise of exchange traded funds

•   FT(Raghuram Rajan): A lopsided recovery from the pandemic bodes ill for emerging economies

•   FT(Robert Armstrong): Equities change their mind, bonds don’t

•   FT(George Magnus): Markets haven’t even begun to reflect China-US decoupling risks

•   WSJ(Editorial Board): Bernie’s Real Budget Cost: $5 Trillion

•   WSJ(Daniel Henninger): A Pandemic of Misrule

•   WSJ(Joshua Meservey): Will South Africa’s ANC Get the Message?

•   NYT(Susan Joy Hassol, Kristie Ebi, Yaryna Serkez): America in 2090: The Impact of Extreme Heat, in Maps

•   WP(Matt Bai): Biden has two infrastructure plans. That’s a mistake.

•   WP(Jerome Adams): CDC guidance on masking needs to change — now

•   WP(Joseph G. Allen): No, we shouldn’t bring back universal mask mandates

•   WP(Bidtah Becker, Anne Castle): This ‘infrastructure’ fix is simple: Pipe clean water to Native Americans

•   Bloomberg(Editorial Board): Peru’s New President, Pedro Castillo, Should Choose Moderation

•   Bloomberg(Justin Fox): Illegal Border Crossings Are Surging Along With the U.S. Economy

•   Bloomberg(John Authers): Inflation Debate: Rising Asset Prices Also Deserve Scrutiny

•   Bloomberg(Barry Ritholtz): Brian Deese on Antitrust and Promoting Economic Competition

•   Bloomberg(Mark Gilbert): New Inflation Target Means ECB Can't Taper Stimulus Even If Other Banks Do

•   Bloomberg(Bob Hinkle, Peter R Orszag): A Bookkeeping Revolution Is Needed to Save the Climate

•   Bloomberg(Shannon K O'Neil): Climate Change Can Bring Latin America Back

•   MarketWatch(Peter Morici): As inflation continues to heat up, Jerome Powell is going to have some ‘splaining to do

•   Reuters(John Kemp): Developing nations need help to quit coal addiction

•   디지털타임스(사설): `탈원전 폐기` 근원책 놔둔 채 전력난 땜질만 하는 정부