Business Intelligence Monitor 210920

(Introduction)

[Markets]

•   Global: World shares fall as markets await Fed meeting, taper timeline

•   Natural gas: Natural-Gas Prices Surge, and Winter Is Still Months Away

•   Metals: Nickel nears seven-year high as market frets about supply

•   Iron ore: Iron ore tumbles 20% in worst week since 2008 financial crisis

•   Grains: Wheat, corn, soy consolidate after earlier gains

•   한국: 코스피 0.33% 상승 마감…3,140대 회복

•   한국: 현대重 시총 10조 육박…'조선 대장주' 등극

•   한국: 두산그룹주 등락 갈려, 두산 두산퓨얼셀 하락 오리콤 두산밥캣 상승

[Indicators]

•   US Sep. Consumer sentiment: Americans See Worst Buying Conditions in Decades on High Prices

※   University of Michigan sentiment gauge at 71; missing forecast

•   US Weekly Rig count: US drillers add rigs for second week, Gulf unchanged

•   UK Aug. Retail sales: Retail sales in Britain fall unexpectedly for fourth month

•   한국 2분기 FDI: 2분기 해외직접투자 165억달러…26.8%↑

[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

[Calendars]

•   WSJ: Economy Week Ahead: Central Banks, Home Sales, Purchasing Managers

•   FT: A week of elections, for better or worse

•   Bloomberg: Powell Is Moving Closer to a Dial-Back in Stimulus: Eco Week

[News]

•   WSJ: FDA Advisory Panel Votes Against Endorsing Covid-19 Booster Shots Widely

※   Recommendation for older adults and those at risk of severe disease is short of Biden administration plans

•   WSJ: Covid-19 Vaccinations Boost the Global Economy, but May Not Cure It Alone

•   WSJ: Democrats Seek Backup Plan on Taxing Capital Gains

•   WSJ: Democrats Press Ahead With Debt-Limit Vote Amid Standoff With GOP

•   WSJ: What the Infrastructure Bill Would Help Fix First

•   WSJ: Moderna’s Covid-19 Vaccine Best Prevents Hospitalization, CDC Study Indicates

•   WSJ: Covid-19 Rapid Testing in U.S. Lags Behind Other Countries in Delta Wave

•   WSJ: France Recalls Ambassadors to U.S., Australia Over Submarine Deal

•   WSJ: U.S. Spat With France Shows Challenge of Keeping Allies Unified

•   WSJ: World Off Track to Meet Paris Climate Targets, U.N. Says

※   UNFCCC: Full NDC Synthesis Report: Some Progress, but Still a Big Concern

•   WSJ: U.N. General Assembly Faces Climate Change, Covid-19 and New Tensions

•   WSJ: Biden Says U.S. Working With EU on Pledge to Cut Global Methane Emissions

※   President encourages others to join in target of cutting global emissions by nearly a third by 2030

•   WSJ: Trump Looks for Challenger to Depose Mitch McConnell as Split Widens

•   WSJ: Inflation Is All Over the Place

•   WSJ: China’s Bid to Join TPP Trade Group Puts Members in an Awkward Spot

•   WSJ: Covid-19 Lockdowns in Asia Deepen Commodity Supply-Chain Pain

•   WSJ: Australia Rethinks China Policy With Pivot to U.S. Submarines

•   WSJ: How Beijing’s Debt Clampdown Shook the Foundation of a Real-Estate Colossus

•   WSJ: U.S. to Target Crypto Ransomware Payments With Sanctions

•   WSJ: China Link Gives Hong Kong a Boost in Bond Trading

•   WSJ: Junk-Debt Sales Soar Toward Record Year

•   WSJ: China Wants Gig Workers to Have More Power—Just Not Too Much

•   WSJ: Tallying Emissions Becomes a New Challenge for Companies

•   WSJ: Companies Use Overtime to Solve Worker Shortages. That May Cost Them More Workers.

•   WSJ: Miners Labor to Find Enough Truck Drivers, Workers

•   WSJ: Elon Musk’s Push to Expand Tesla’s Driver Assistance to Cities Rankles a Top Safety Authority

•   WSJ: How Facebook Hobbled Mark Zuckerberg’s Bid to Get America Vaccinated

•   NYT: The Sharp U.S. Pivot to Asia Is Throwing Europe Off Balance

•   NYT: Biden’s Entire Presidential Agenda Rests on Expansive Spending Bill

•   NYT: Delta variant detected in 99% of U.S. cases, according to C.D.C.

•   NYT: The U.S. virus surge appears to be declining in some states, but deaths are still increasing.

•   NYT: They Shunned Covid Vaccines but Embraced Antibody Treatment

•   NYT: 3 Weeks After Hurricane Ida, Parts of Louisiana Remain Dark

•   NYT: This Powerful Democrat Linked to Fossil Fuels Will Craft the U.S. Climate Plan

•   NYT: Fauci urges Americans not to get booster shots until they are eligible.

•   NYT: The Covid Crisis Is Now a Garbage Crisis, Too

•   NYT: Merkel Leaves the German Economy With Trouble Under the Hood

•   WP: ‘The pay is absolute crap’: Child-care workers are quitting rapidly, a red flag for the economy

•   WP: Boring? That may not be a bad thing in the race to succeed Germany’s Angela Merkel.

•   WP: Tech's allies say antitrust reform would help China. Critics say it's a cheap ploy.

•   FT: Energy prices will push up inflation across Europe, economists warn

•   FT: Europe’s new €1.6bn chip plant needs only 10 workers on factory floor

•   FT: Climate anxiety fails to translate into votes as German election looms

•   FT: UK scrambles to contain gas price crisis

•   FT: UK in emergency talks with energy groups over natural gas crisis

•   FT: What does the natural gas crisis mean for UK consumers?

•   FT: Inflation fears rise sharply as confidence in Bank of England drops

•   FT: Federal Reserve expected to offer clues on stimulus taper timeline

•   FT: Crunch time for Biden’s economic plan: ‘Failure is not an option’

•   FT: The nuclear technology behind Australia’s Aukus submarine deal

•   FT: Australia and France intensify war of words over cancelled submarine deal

•   FT: Japan’s ruling party race: the four candidates to replace Suga

•   FT: Ruling party set to sweep Russian election despite record low ratings

※   Putin-supporting United Russia on track to renew Duma supermajority despite near-record low turnout

•   FT: Apple and Google drop Navalny app after Kremlin piles on pressure

•   FT: Xi and Putin pledge to co-operate on Afghanistan after Taliban takeover

•   FT: High yields tempt wary investors back into Turkish debt

•   FT: Thailand to offer 10-year visas to ‘wealthy global citizens’

•   FT: How will markets respond to prospect of Fed tapering?

•   FT: Big tech companies snapping up smaller rivals at record pace

•   FT: Why the future of the city is congestion-free

•   Bloomberg: Biden’s Vaccine Booster and Export Plans Collide at Summit

•   Bloomberg: Global Economy May be Headed for Shorter, Sharper Cycles: SocGen

•   Bloomberg: IMF Chief Risks Weakened Authority After China-Linked Probe

•   Bloomberg: Global Housing Markets Are Hurting, and It’s Getting Political

•   Bloomberg: The Taper That Will Really Bite Into U.S. Growth Isn’t the Fed’s

•   Bloomberg: Fed Seen Announcing Bond Taper in November, Rate Liftoff in 2023

•   Bloomberg: Larry Summers Predicts ‘Stupid Posturing’ Before U.S. Debt Ceiling Is Raised

•   Bloomberg: U.S. Nears Deal for 500 Million Pfizer Doses to Give Abroad

•   Bloomberg: Biggest U.S. Port Complex to Work Nights, Weekends to Cut Logjam

•   Bloomberg: Europe’s Energy Crunch Helps Push U.S. Power to Seven-Year High

•   Bloomberg: Macron’s Not Ready to Calm Down Yet After Submarine Humiliation

•   Bloomberg: ECB’s Kazaks Sees Prospect of Faster Inflation Than Forecast

•   Bloomberg: China Will Use Market Tools to Stabilize Commodities: Premier Li

•   Bloomberg: Top China Forecaster Sees GDP Growth Near Zero in Third Quarter

•   Bloomberg: Iran Says It May Hold Nuclear Talks at UN Summit in New York

•   Bloomberg: Argentina’s President Caves to Kirchner in Cabinet Reshuffling

•   Bloomberg: Argentina Cabinet Moves Decided by Leader, Politician Says

•   Bloomberg: Evergrande’s Fateful Week, China Holidays Put Spotlight on Yuan

•   Bloomberg: Evergrande Moment of Truth Arrives With Bond Payment Deadlines

•   Bloomberg: China Adds $14 Billion Cash as Evergrande’s Pain Roils Markets

•   Bloomberg: PBOC Injects Net 100b Yuan in Open Market Operations

•   Bloomberg: Bond Sales Wake From Slumber as Fed Talk Jolts Emerging Markets

•   Bloomberg: Russia’s Markets Are Booming Despite Putin’s Political Crackdown

•   Bloomberg: Iraq Sees Oil Hovering Around $70 a Barrel Early Next Year

•   Bloomberg: Auto Forecaster Slashes Outlook by Most Since Chip Woes Emerged

•   Bloomberg: China Defends Tech Crackdown in Meeting With Wall Street Chiefs

•   Bloomberg: Vaccine Debate, Climate Goals Top a Scaled-Back UN Summit

•   Bloomberg: Indonesia’s Halt to Palm Oil Expansion Is Set to Expire Soon

•   Bloomberg: Rich Nations All But Stall on $100 Billion Climate Fund Goal

•   Bloomberg: IEA's Birol Sees High Gas Prices for `Weeks to Come'

•   Reuters: ECB's De Cos is not foreseeing an interest rate hike in 2023

•   Reuters: Sinopharm's COVID booster reverses antibody decline, enhances cell-based responses - study

•   Reuters: Analysis: French break-up a blow to Biden's China-focused alliance rebuilding

•   Reuters: Analysis: Investors brace for a great fall in China

•   Reuters: Analysis: Europe's power firms locked out of record price bonanza

•   CNBC: Fed Chief Powell, other officials owned securities central bank bought during Covid pandemic

•   CNBC: China developer Evergrande's debt crunch and U.S. markets: Ed Yardeni

•   CNBC: Downturn in global industrial economy already underway: Currency chart

•   SCMP: China’s bid to join Pacific Rim trade pact heaps pressure on US to step up regional economic strategy

•   SCMP: China must prove ‘track record of compliance’ with free, open trade if it wants to join CPTPP, Canberra says

•   SCMP: US money printing to fund deficit poses major risk for 2021, says ex-China central bank official

•   SCMP: China’s carbon neutral goal: Foshan leads a silent revolution in green transport with its hydrogen trams

•   Nikkei Asia: Japan PM hopeful Kono calls for regular summit with China

•   Nikkei Asia: Southeast Asia holdup forces Toyota to halt 14 plants in October

•   Nikkei Asia: Honda, where's my car? Production cuts lead to yearlong waits

•   Nikkei Asia: Xi's potential 2027 transition poses threat to Taiwan: Davidson

•   Nikkei Asia: China Evergrande: Investors assess risks of likely default

•   Japan Times: Will fiscal consolidation be a priority for ruling party's new leader?

•   TASS: China shows "stunning" potential for gas demand growth, says Gazprom CEO

•   매경(P1): 제22회 세계지식포럼 10대 메시지

•   매경: '돈 냄새 맡는 건 선수'…큰손 투자전략 바꾼다…주식 비중 줄이되 '전·통·물' 담아라

•   매경(P1): 손정의 비전펀드…쿠팡株 2조원 팔았다

•   매경: 기아 광명 사업장 함부로 들어갔다간…세계 최고 로봇개 '스팟' 24시간 철통보안 나섰다

•   매경: [단독] 삼성SDI, 파나소닉 제쳤다…전기차 한번 충전에 837㎞

•   매경: '작년 매도액의 8배' 연기금 벌써 22조 팔아치웠다…이 와중에 쓸어담은 주식은

•   매경: 규제로 재건축 틀어막으니…부산 대구 대전 창원 지방까지 '리모델링' 열풍

•   매경: 닷새 추석 기차 항공기 동났다…코로나 방역 비상 걸렸다

•   매경: 두산인프라코어 떠난 박용만 전 대한상의 회장…어디로 갔나 보니

•   매경(P1): 유엔총회 찾는 문 대통령, 대북구상 밝힌다

•   매경: "손절? 상투?…주식도 부동산도 불안불안"…대표PB 5인에 추석 후 재테크 물었습니다

•   한경(P1): 세금發 '아파트 거래절벽'

•   한경: 12억 아파트 갈아타려면 1억 든다…"꽁꽁 묶여 아무것도 못해"

•   한경: "파느니 물려주겠다" 서울 아파트 증여 급증

•   한경: 자회사 합치고 상장 미루고…몸 낮추는 카카오

•   한경: 코로나·노동규제·원자재값 '3중고'…산단 휴·폐업 기업 3년새 4배 급증

•   한경: 삼성물산·에쓰오일 '사우디 수소동맹'

•   한경: SK이노, 동해가스전서 탄소포집·저장 사업

•   한경: LG엔솔, 中서 배터리 원료 니켈 2만t 확보

•   한경: 전국서 나홀로 집값 하락 중인 동네…"5개월 새 1억 떨어져"

•   한경: "북극 빙하를 지켜라" 특명…그린란드 상공에 뜬 韓드론

•   한경: '외인들 돌아왔다'고 믿었다면…당신은 주식 하수

•   한경: '3분기 깜짝실적 후보' OCI·현대제철 찍었다

※   두산퓨얼셀·롯데케미칼도 추천

•   서경(P1): “脫탄소 필수”···IAEA, 원자력 발전량 전망 10년 만에 높였다

※   IAEA: IAEA Increases Projections for Nuclear Power Use in 2050

•   서경: "원전, 신재생보다 탄소중립 유리" ···'묻지마 탈원전' 文정부는 역행

•   서경(P1): 코인빗 접속 차단···코인거래소 줄폐쇄 현실화

•   서경: 한전, 호주 석탄개발 무산 위기···투자금 8,000억 날리나

•   서경: '규제완화'에 틈새 부동산 더 난리···정부, 또 집값 올리나

•   서경: [단독]日 JSR, 美 EUV PR업체 인수...국내 공급망에 영향줄까 촉각

•   조선(P1): 노조도 연공서열도 없다… “월급은 실력순” 젊은 車회사의 반란

•   조선: GGM, 年 7만대 이상 생산해야 흑자

•   조선: 민노총이 걷어찬 ‘4800만원+α’ 일자리에, 청년 7600명 몰렸다

•   조선비즈: 원자재값 쇼크에 펜트업 효과도 ‘끝물’... 하반기 무역적자 ‘주의보’

•   조선비즈: 국산車 내수 판매 6개월 감소...반도체 수급 불안·울산공장 확진자 영향

•   조선비즈: 달러로 눈 돌리는 투자자들… 증권가 “강달러 베팅은 글쎄”

•   조선비즈: “北, 영변 핵실험 경수로 인근에 새 건물 공사… 지원시설 추정”

•   중앙(P1): 1차 접종률 70% 돌파…“추석엔 소규모로 짧게 방문을”

•   중앙: 내달 하순 2차 접종률 70% 달성, 코로나 확산세 꺾일 것

•   중앙: 생활물가 넉달째 3%대 상승…‘물가 안정’ 물건너갔다

•   중앙: 돈줄 죄기, 불장 기세 못 꺾어…규제 완화 여부 주목해야

•   중앙: 서울 9~12월 입주 물량 1년 새 절반 줄어, 전세대란 심화될 듯

•   중앙: 한은 추가 금리인상, 미 테이퍼링 변수…“박스피 탈출 어렵다”

•   중앙: [단독]전세난에 손 놓은 정부…전세대책 상반기 실적 '반토막'

•   동아(P1): “北 우라늄농축시설 확장… 核 25% 추가 생산 가능”

•   한국: 손실보상제, 집합금지·영업시간 제한에 한정… 여행·숙박업 등 간접 피해 업종 제외

•   국민(P1): 취업 안되고 폐업 늘고 끝이 없는 청년의 고통

•   경향(P1): 대기업 대출 줄고 중소기업은 빚더미…‘부채 부담 양극화’ [두 번째 ‘코로나 추석’ 풍경]

•   헤럴드경제(P1): 언택트 시대 ‘또 하나의 길’…오프라인 매장의 파격변신 [헤럴드 뷰]

•   헤럴드경제: “동서발전 최대 미션은 에너지전환 선도”

•   아시아경제(P1): 중금리 ‘심드렁’ 하던 시중銀…대출규제에 확 늘었네

•   아시아경제: 國格 업그레이드 '부산엑스포' 정부·기업 원팀이 나선다

•   아시아경제: 中, 한국은 '수소(H)' 메이저 국가…수소 협력 희망

•   아시아경제: 국내서 추석 맞는 총수들…명절에도 미래 구상

•   아시아경제: 커지는 디스플레이 공급과잉 우려…中의 습격은 계속된다

•   연합: 오늘 1천600명 안팎, 추석연휴에도 줄지 않는 확진자…방역 비상

•   에너지경제: [신재생E 파헤치기]"친환경 맞아" 환경단체 공격받는 바이오에너지·연료전지

•   에너지경제: [신재생E 파헤치기] 민원에 시끄러운 신재생에너지…태양광·풍력 입지 확보에 애먹어

•   에너지데일리: [분석] 탄소중립 어떻게 달성해야 하나 - ①

•   에너지데일리: [분석] 탄소중립 어떻게 달성해야 하나 - ②

•   에너지데일리: [분석] 탄소중립 어떻게 달성해야 하나 - ③

•   에너지데일리: [초점] 선진국은 어떻게 석탄과 작별했나 - 독일

•   에너지데일리: [초점] 선진국은 어떻게 석탄과 작별했나 – 네덜란드

•   에너지데일리: [초점] 선진국은 어떻게 석탄과 작별했나 – 영국

•   에너지데일리: [초점] 선진국은 어떻게 석탄과 작별했나 – 미국

•   디지털데일리: 獨 인피니온, “차량용 반도체 가격 인상 불가피”

•   디지털데일리: [EUV①] 반도체 업계, EUV 장비 관심↑…왜?

[Opinions]

•   Project Syndicate(John H. Cochrane): Inflation in the Shadow of Debt

•   FT(Editorial Board): How to make sense of the inflation data

•   FT(Editorial Board): Aukus leaves some awkward questions

•   FT(Merryn Somerset Webb): If the bond bull market is over will a bear follow?

•   FT(Leo Lewis): Robots have entered a new phase — and Cathie Wood’s Ark is betting on it

•   FT(Anne-Marie Slaughter): At the UN, Biden should champion a new people-centred global order

•   FT(Pascal Blanqué): Big picture appeal of Chinese assets remains strong

•   WSJ(Editorial Board): Pop Goes the Chinese Property Bubble?

•   WSJ(Editorial Board): A Smart Submarine Deal With the Aussies

•   WSJ(Editorial Board): Green Welfare for the Rich

•   WSJ(Editorial Board): Bad Advice on Covid Vaccine Boosters

•   WSJ(Janet Yellen): Congress, Raise the Debt Limit

•   WSJ(Kimberley A. Strassel): Congress’s Climate Crackup

•   WSJ(Sadanand Dhume): Biden’s Afghan Blunder Hurts India and Helps China

•   WSJ(Bill Cassidy): We Must Pass the Infrastructure Bill

•   WSJ(Kevin Rudd): What Explains Xi’s Pivot to the State?

•   WSJ(Joseph A. Ladapo): Vaccine Mandates Can’t Stop Covid’s Spread

•   NYT(Ross Douthat): What if Covid Were 10 Times Deadlier?

•   NYT(Aaron E. Carroll): The U.S. Needs to Stop the Confusion Over Booster Shots

•   NYT(Ezra Klein): The Economic Mistake the Left Is Finally Confronting

•   NYT(Matshidiso Moeti): Rich Countries Worry About Booster Shots. They Should Be Worried About Africa.

•   Bloomberg(Mohamed A. El-Erian): Federal Reserve Meeting: Time Is Running Out for a Timely Taper

•   Bloomberg(Daniel Moss): Australia Canceling Submarine Deal With France Comes as No Surprise

•   Bloomberg(Noah Smith): Inflation Has Turned $15 an Hour Wages into a Setback

•   Bloomberg(Julian Lee): Energy Prices: Winter Is Coming and Europe Is Running Low on Gas

•   Bloomberg(Brooke Sutherland): Unprecedented Inflation? That's What CEOs See

•   Bloomberg(Hal Brands): Huawei’s Decline Shows Why China Will Struggle to Dominate

•   Bloomberg(Mark Gilbert): Yield-Starved Funds Go For Alternative Investments Infrastructure, Real Estate

•   Bloomberg(Stephen L. Carter): Want to Boost Covid Vaccinations? Give $1,000 With Every Shot

•   CNN(Jennifer M. Granholm): Extreme weather keeps knocking out America's power. Here's what we must do

•   CNBC(Frederick Kempe): Will China's President Xi’s big bet pay off?

•   한경(사설): "성장 최대 0.32%P 하락"…맹목적 탄소중립, 원점 재검토해야