Business Intelligence Monitor 210921

(Introduction)

[Markets]

•   Global: World shares sink as China Evergrande fears spark risk off

•   Metals: Copper slides to 1-month low as Evergrande crisis spurs selling

•   Iron ore: Iron ore price tumbles as China steps up restrictions

•   Grains: Corn, soybeans slump on harvest pressure, falling equities, oil

•   Cryptocurrency: Bitcoin Price Slides as China Jitters Hit Crypto Markets

[Indicators]

•   US Aug. Construction starts: Construction Starts “Hit a Rough Patch,” Falling 9% in August

•   US Sep. NAHB housing market index: U.S. Homebuilder Sentiment Rises for First Time in Five Months

•   Germany Aug. PPI: German Producer Prices Rise at Fastest Pace in More Than 45 Years

[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: Pfizer, BioNTech Say Covid-19 Vaccine Is Safe for Children Aged 5 to 11

※   Companies to seek emergency authorization in the U.S. for use of their vaccine in young children as early as the end of the month

•   WSJ: U.S. to Relax Covid-19 Travel Restrictions as Tensions Mount With Allies

※   New rules requiring foreign travelers to show proof of vaccination follow pressure on President Biden from Europe, major airlines to lift bans

•   WSJ: Glasgow Climate Summit Faces ‘High Risk of Failure,’ U.N. Leader Says

•   WSJ: House to Vote on Spending Measure That Includes Debt-Limit Suspension

•   WSJ: Republicans Try to Rekindle Energy in Fight Against Big Spending

•   WSJ: U.S. Covid-19 Death Toll Surpasses 1918 Flu Fatalities

※   Reported deaths from coronavirus top 675,000 nationwide, with daily fatalities nearly double last summer’s average

•   WSJ: Derby’s Take: More Rate Rises Seen Creeping Into Fed’s Dot Plot

•   WSJ: America’s Next Hot Import Might Be Record Energy Prices

•   WSJ: India to Resume Covid-19 Vaccine Exports to Developing Nations

•   WSJ: Xi Jinping Aims to Rein In Chinese Capitalism, Hew to Mao’s Socialist Vision

•   WSJ: GM to Replace Batteries in Recalled Chevy Bolts

•   WSJ: Oil Companies to Be Sidelined at U.N.’s Climate Conference

•   WSJ: Real-Estate Agents Gear Up for Fight to Save Their Commissions

•   NYT: Jill Biden Is Chasing the President’s Most Elusive Campaign Promise: Unity

•   NYT: Macron Takes on U.S., a Big Gamble Even for a Bold Risk-Taker

•   NYT: How Car Rentals Explain the 2021 Economy

•   WP: President Biden launches strategy to combat extreme heat linked to climate change, including labor standards

•   WP: Amid France spat, Biden struggles with promises of restored diplomacy

•   WP: Key security agencies split over whether to blacklist former Huawei smartphone unit

•   FT: European governments weigh billions in aid to weather soaring gas prices

•   FT: Gas price crisis threatens to derail European recovery

•   FT: Britain’s energy woes catch vulnerable sector in perfect storm

•   FT: Kremlin-controlled party retains its grip on Russian parliament

•   FT: All eyes on US as nations urged to meet $100bn climate aid pledges

•   FT: The Merkel era in charts: what changed in Germany?

•   FT: Olaf Scholz grilled over Germany’s anti-money laundering unit

•   FT: Jab or job? French vaccine rules force health workers to make a choice

•   FT: Johnson aims to build on dialogue with Biden

•   FT: UK businesses ask PM for more ‘leadership’ on climate issues

•   FT: US vs China — part two

•   FT: The challenges for China’s CPTPP membership bid

•   FT: China must win over Canada and Australia before trade pact talks can start

•   FT: Hong Kong holds first ‘patriotic’ vote under electoral system overhaul

•   FT: Iran’s Raisi focuses on vaccines not nuclear talks

•   FT: ‘More of China, less of America’: how superpower fight is squeezing the Gulf

•   FT: Coinbase abandons lending product after SEC pushback

•   FT: Climate change ETFs found to be undermining war on global warming

•   Bloomberg: China Evergrande Market Contagion Tests Xi Jinping's Resolve

•   Bloomberg: Evergrande Crisis Not China’s Lehman Moment, Citigroup Says

•   Bloomberg: Evergrande Is Likely to Default Without Direct Support, S&P Says

•   Bloomberg: Biden to Speak With Macron Soon, Psaki Says, Following Submarine Deal Spat

•   Bloomberg: When Will US Hit Debt Ceiling in 2021? Yellen Can't Give Congress Exact Deadline

•   Bloomberg: Pelosi on Center Stage With Biden’s $4 Trillion Agenda at Risk

•   Bloomberg: Employers Are Baffled as U.S. Benefits End and Jobs Go Begging

•   Bloomberg: Powell May Soon Have to Detail Fed Vision of ‘Inclusive’ Economy

•   Bloomberg: U.K. Job Opportunities in Short Supply for Over 8 Million People

•   Bloomberg: China Appeals WTO Ruling Over Trump Era’s Solar-Panel Tariffs

•   Bloomberg: China Risks Winter Energy Crunch With Struggle to Get Supplies

•   Bloomberg: China Neighbors Worry Australia Sub Deal Will Disrupt Region

•   Bloomberg: Kuroda and His Monetary Experiment Roll On in Record BOJ Tenure

•   Bloomberg: Goldman Sees Indian Share Market Rising to World’s Fifth Biggest

•   Bloomberg: Deserted Factories Show How China Electric Car Boom Went Too Far

•   Bloomberg: Some Big Deflationary Forces May Be Starting to Fade

•   Bloomberg: Plug Power (PLUG) Will Make Hydrogen From Water in Californian Drought

•   Bloomberg: Investment Consultants With $10 Trillion Make Net-Zero Pledge

•   Reuters: Indonesia logs fewest daily COVID-19 cases in over a year

•   Reuters: World powers to meet with Iran at U.N. to push for return to nuclear talks -France

•   Reuters: Saudi retains top spot in oil supplies to China with volumes up 53% y/y

•   Reuters: EXCLUSIVE Investors call for governments to toughen climate accounting -letter

•   Reuters: Analysis-Investors grappling with Evergrande fallout weigh risk of wider pain

•   Reuters: Analysis: Higher taxes are coming and for markets, that could be a good thing

•   Reuters: Analysis: Why the Fed might welcome a bond market tantrum

•   Reuters: Special Report-BP gambles big on fast transition from oil to renewables

•   CNN: The Delta variant is keeping the US economy from getting back to normal

•   CNBC: China's Evergrande crisis could inflict pain on the world economy

•   CNBC: 10-year bond levels and next move for stock market, Jim Bianco says

•   CNBC: Jim Cramer says he sees no reason to buy the stock market dip just yet

•   SCMP: China debt concerns mounting as Beijing shifts attention to hidden local government financing

•   Nikkei Asia: Japan fights for lead in advanced chip and EV materials

•   Nikkei Asia: Slow charge: ASEAN aims to bring lofty EV goals within range

•   Economic Times: High frequency indicators turn 'uneven' in August as unlock benefits taper: Report

•   Robotics Tomorrow: Benefits of Miniature Industrial Robots

•   매경(P1): "직장인 밥값 부담 커졌다"…햄버거 김밥에 구내식당 식비까지 줄줄이 인상

•   매경: 금리 올려도 전세계 집값 더 오른다고?…끝모를 부동산 랠리

•   매경: 美 "공급 확대" 中 "규제 강화"…獨, 한술 더떠 몰수·공유화까지

•   조선비즈: [중국 수소 야심] 10년 후 수소차 100만대 굴러간다…시장을 선점하라

•   조선비즈: 中 BOE, LCD 1위 이어 韓 넘어 OLED까지 넘본다

•   연합: 오늘 1천600명 안팎…추석 연휴 지나면 확진자 더 늘어날 듯

•   연합: 1주택자 종부세 완화로 세수 659억원↓…감소분 중 90%는 서울

•   뉴스핌: [수소사회 속도]① 수소모빌리티+쇼 통해 본 산업의 미래

•   뉴스1: 판 커진 정비사업 시장…올해 정비사업 수주 총액 1위는 어디?

•   디지털데일리: [EUV②] EUV, 시스템반도체·D램 확산…낸드는?

•   디지털데일리: 삼성전자, 반도체 업계 3분기 매출 선두…SK하이닉스는?

[Opinions]

•   Project Syndicate(Takatoshi Ito): Japan's Four-Horse Race

•   Project Syndicate(Angel Gurría): New Business Models for a New Future

•   Project Syndicate(Jeffrey D. Sachs): Vaccine Producers Must Step Up

•   Project Syndicate(Geoff Mulgan): What Green AI Needs

•   FT(Editorial Board): Net zero goals cannot fall victim to the energy crisis

•   FT(Editorial Board): Britain does not need to revise its fiscal rules

•   FT(Gideon Rachman): Why Aukus is welcome in the Indo-Pacific

•   FT(Robert Armstrong): The bull case on stocks

•   FT(James Kynge): Evergrande is hostage to Beijing’s property pain threshold

•   FT(Andrei Kolesnikov): Russia’s election apathy bodes ill for the country’s future

•   FT(Laurence Tubiana): Climate change is a common enemy the US and China must fight together

•   FT(Patti Waldmeir): Wave of ‘avoidable’ anti-vax Covid deaths takes its toll on US health workers

•   FT(Jamie Powell): Commodities: the Chinese real estate exposure

•   FT(Lex): US fracking: don’t dash for gas

•   WSJ(Editorial Board): Status Quo at the WHO?

•   WSJ(Editorial Board): How Renters Made Out in the Pandemic

•   WSJ(James Freeman): Income Inequality Is Often by Choice

•   WSJ(Walter Russell Mead): America Should Be Frank With France

•   WSJ(Gerard Baker): Biden Deals Europe a Tough Lesson in Realpolitik

•   WSJ(Jeb Hensarling): Use the Debt Ceiling to Reduce the Debt

•   NYT(Peter Coy): Does the U.S. Economy Still Need Booster Shots?

•   NYT(Daniel Carpenter): Why Covid Vaccines for Kids Are Taking So Long

•   WP(Eugene Robinson): The goals we’ve set aren’t enough to stave off global warming. It’s past time to get real.

•   WP(Eugene Scalia): Biden’s vaccine mandates are causing uncertainty for businesses — and may not even survive in court

•   Bloomberg(Mark Gongloff): China Evergrande Group Is Not Another Lehman Brothers (We Hope)

•   Bloomberg(Bill Dudley): The Federal Reserve's Inflation Policy Faces a Big Credibility Test

•   Bloomberg(Brian Chappatta): Market Panic Comes Just in Time for Goldman Sachs and Morgan Stanley

•   Bloomberg(Timothy L. O'Brien): Covid-19: Companies Should Hurry Up and Require Vaccines

•   Bloomberg(Clara Ferreira Marques): United Russia, the Party that Supports Putin, Pulls All Levers to Win a Majority