Business Intelligence Monitor 211019

(Introduction)

[Markets]

•   Global: Stocks rise with U.S. big growth shares; 5-yr U.S. yields climb

•   Natural gas: European gas prices surge as Gazprom hits supply hopes

•   Coal: China coking coal, coke futures surge to record highs on supply woes

•   Metals: Supply squeeze pushes copper spreads to record levels

•   Grains: Corn climbs on acreage worries, US export data

•   한국: 코스피 0.28% 하락…개인·외인 매수에 3,000선 지켜

•   한국: 두산그룹주 다 내려, 두산중공업 두산밥캣 두산퓨얼셀 1% 안팎 하락

[Indicators]

•   US Sep. Industrial production: Auto Supply-Chain Constraints Weighed on September’s Industrial Production

※   Disruptions from Hurricane Ida also contributed to last month’s 1.3% decline

•   US Oct. NAHB housing market index: Homebuilder sentiment bounces back despite ongoing supply chain problems

•   China Q3 GDP: China’s Third-Quarter Economic Growth Slows Sharply to 4.9%

※   Power shortages and supply-chain problems added to the impact from Beijing’s efforts to rein in the real estate and technology sectors

※   WSJ: China’s Economy Rests on Three Shaky Legs

※   Bloomberg: What to Know in China’s GDP Beyond the Headline Numbers

•   China Sep. Fixed investments·Home sales: Chinese Property Slump Extends into September

•   한국 3분기 채권·CD 등록발행: 채권·양도성예금증서, 112조원 등록발행···전분기보다 16% 줄었다

•   한국 9월 부동산시장 소비자 심리조사: 집값 급등·대출조이기… 부동산 매매심리 한풀 꺾여

[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

•   FT: Pandemic crisis: Global economic impact tracker

•   CNN: Tracking America's recovery

•   Bloomberg: Global PMI Tracker

•   Bloomberg: The Covid Resilience Ranking

[News]

•   WSJ: To Strike a Climate Deal, Poor Nations Say They Need Trillions From Rich Ones

•   WSJ: Foreign Investment Rebounds but Strained Factories Miss Out

•   WSJ: Yellen Says Debt Limit Deal Will Keep Government Funded Through Dec. 3

•   WSJ: Elizabeth Warren Doesn’t Get Fed Trading Ban Proposal by Oct. 15 as Requested

•   WSJ: China’s Xi Flexes Power With Plan to Rewrite Communist Party History

•   WSJ: China Launches Dollar-Bond Sale

•   WSJ: Green Investing Looks to Clean Up the Maritime Industry

•   WSJ: Toyota, Stellantis to Build EV-Battery Factories in the U.S.

•   WSJ: Apple Unveils Redesigned MacBook Pro With M1 Pro and M1 Max Chips, Plus New AirPods

•   WSJ: Foxconn Unveils First Electric-Vehicle Prototypes

•   WSJ: Zillow Says It Can’t Buy Any More Homes This Year

•   WSJ: Amazon Seeks to Hire 150,000 Seasonal U.S. Workers

•   WSJ: Facebook to Hire 10,000 Workers in EU to Build Up ‘Metaverse’

•   NYT: Debate Weighs Price of Biden’s Big Plan vs. Not Acting

•   NYT: Here is what scientists know about the risk of breakthrough Covid deaths.

•   NYT: A regional Fed analysis suggests Biden’s stimulus is temporarily stoking inflation.

※   FRBSF: Is the American Rescue Plan Taking Us Back to the ’60s?

•   NYT: The Busiest Port in the U.S.

•   NYT: 4 Questions About the Supply Chain

•   NYT: Showdown Over Northern Ireland Has a Key Offstage Player: Biden

•   NYT: Myanmar Announces Amnesty for Thousands of Anti-Coup Protesters

•   NYT: Chip-Designer Arm Sees Chip Shortage Lasting Through Next Year

•   NYT: Nuclear Fusion Edges Toward the Mainstream

•   WP: The ‘Great Resignation’ goes global

•   WP: Russia shutters its mission to NATO in retaliation for expulsion of its diplomats

•   FT: Nato to expand focus to counter rising China

•   FT: New Delta descendant may be more infectious than its ancestor

•   FT: Germany’s FDP agrees to formal coalition talks

•   FT: Governments grapple with energy challenges ahead of climate summit

•   FT: Can we halt climate change one trade deal at a time?

•   FT: Polish PM warns of an EU ‘deprived of democratic control’

•   FT: Traders bet Bank of England will raise rates as soon as next month

•   FT: Spectre of rising interest rates helps Sunak’s case for tighter spending review

•   FT: UK households to be offered £5,000 grants to install heat pumps

•   FT: £10bn deals pledged ahead of UK green investor summit

•   FT: Latest UK energy supplier succumbs to gas market storm

•   FT: Brussels vows ‘no cliff edge’ over EU banks’ access to UK clearing

•   FT: Flooding could leave billions of US municipal debt under water

•   FT: Xi Jinping undeterred from structural shifts despite China’s economic slowdown

•   FT: US investment drive to take on China in Latin America

•   FT: Is the army of lockdown traders here to stay?

•   FT: Emerging markets’ slowing growth poses challenge to investors

•   FT: Pfizer and Moderna forecast to almost double vaccine sales in 2022

•   FT: Ford invests £230m to make electric car parts in UK

•   FT: Fuel price increase threatens airlines’ recovery from pandemic

•   FT: As Elon Musk Goes to Texas, Will Tech Workers Follow?

•   FT: Sustainable investors ponder Chinese opportunities

•   FT: Investor scepticism on ESG points to a maturing market

•   FT: Climate change drives push for greener pensions

•   FT: Boards face growing pressure from ESG petitions

•   Bloomberg: Fed Staff Says Wall Street Is Getting Inflation Call All Wrong

•   Bloomberg: Best Credit in Years Opens Americans’ Path to Big Life Decisions

•   Bloomberg: Energy Crisis Is Making Multi-Year U.S. Gas Contracts Hip Again

•   Bloomberg: Europe’s Industry Risks ‘Demand Destruction’ Over Price Hikes

•   Bloomberg: German Power Prices Plunge on Record Wind Forecast Later in Week

•   Bloomberg: Visco Says ECB Should Keep Flexibility in Post-Crisis Era

•   Bloomberg: Gloomy U.K. Outlook Has Economists Clashing With Traders on BOE

•   Bloomberg: U.K. Executives See Labor, Supply Shortages Lingering to 2023

•   Bloomberg: Boris Johnson Interview: COP26 Climate Talks in Glasgow to Be 'Extremely Tough'

•   Bloomberg: Euro-Area Inflation to Stay Elevated Through Mid-2022: Chart

•   Bloomberg: Xi Dials Back China’s Economic Overhaul as Masses Feel the Pain

•   Bloomberg: China Channels Bernanke With Assurances Evergrande Is Contained

•   Bloomberg: India Can Do More on Climate By 2030 Even as It Snubs Net-Zero

•   Bloomberg: India Rains Stoke Concern That Coal Shortages May Linger On

•   Bloomberg: Kishida Defends Japan Sales Tax From Opponents’ Calls for Cut

•   Bloomberg: BOJ’s Extra Goals Help it Play Down Inflation, Ex-Official Says

•   Bloomberg: Iran and Russia Will Hold Talks in Tehran Over Military Cooperation

•   Bloomberg: Myanmar Junta Chief Blasts Asean After His Exclusion From Summit

•   Bloomberg: U.S. Treasury Says Crypto, Rival Currencies Risk Eroding Sanctions

•   Bloomberg: Markets Are "Addicted" to Stimulus, Guggenheim’s Minerd Says

•   Bloomberg: Why Surging Oil Prices Have a Lot to Do With Capital Markets

•   Bloomberg: Permian Oil Output Is Nearing Record Pre-Pandemic Levels

•   Bloomberg: OPEC+ Once Again Fails to Pump Enough to Meet Its Output Target

•   Bloomberg: Jinko, Solar Shares Climb Despite Risk to Biden’s Clean-Power Program

•   Bloomberg: Renewables Giants Among 15 Firms Kicked Off Clean Energy Index

•   Bloomberg: Hildebrand Says Ignoring Climate Will Cost 25% of Global GDP

•   Bloomberg: Energy Crisis Is Making Multi-Year U.S. Gas Contracts Hip Again

•   Bloomberg: Wind Power Industry Calls on Governments to Ramp Up Clean Energy

•   Bloomberg: Xi’s Renewables Flagship May Be a Patchwork of Smaller Projects

•   Bloomberg: Where a $5 Billion Green Incentive Runs Into Politics of Coal

•   Reuters: White House says it is pushing OPEC to address oil supply issue

•   Reuters: U.S. stagflation fears overblown, bond market investors say at Milken Conference

•   Reuters: Biden to speak to Senator Manchin on spending bill

•   Reuters: U.S. coal-fired electricity generation to rise in 2021, EIA says

•   Reuters: Germany's pandemic state of emergency to end Nov. 25 - Bild

•   Reuters: EU plans to boost reach of Pfizer COVID-19 shot

•   Reuters: EU approves two sites for making Pfizer's COVID-19 vaccine

•   Reuters: No place to hide: investors to trawl Europe's Q3 earnings for inflation clues

•   Reuters: Germany still sees no gas supply shortages - economy ministry

•   Reuters: Macron wants to announce new nuclear EPR reactors before Christmas -Le Figaro

•   Reuters: WHO says it 'cannot cut corners' in approving India's Covaxin shot

•   Reuters: India's vaccine effort slows as dose gap trumps output jump

•   Reuters: India cenbank says longer policy support is needed for sustained economic recovery

•   Reuters: Marketmind: What could possibly go wrong?

•   Reuters: BHP reports 5% drop in Q1 iron ore production

•   Reuters: Tsinghua Unigroup says working with seven strategic investors in restructuring

•   Reuters: How to tackle COVID-19 jobs crisis and climate change? Invest in clean energy

•   Reuters: Explainer: What is behind the recent surge in violence in Indian Kashmir?

•   Reuters: Factbox: 10 key dates in the life of the euro budget pact

•   Reuters: Factbox: Pandemic brings forward predictions for peak oil demand

•   Reuters: Analysis: Central banks and governments in eastern Europe at odds amid inflation

•   Reuters: Analysis: Echoing the opposition, Japan's Kishida woos voters with Abenomics critique

•   AP: Why COVID boosters weren't tweaked to better match variants

•   AP: Vaccines, masks? Japan puzzling over sudden virus success

•   CNBC: Supply chain chaos is already hitting global growth. And it’s about to get worse

•   CNBC: Faced with a power crisis, China may have ‘little choice’ but to ramp up coal consumption

•   CNBC: Gas crisis, labor shortages and supply chain chaos: Post-Brexit Britain faces a difficult winter

•   CNBC: Vestas to install prototype of 'most powerful wind turbine'

•   Fox Business: Shipping crisis pushing some companies to charter cargo planes for $2 million or more

•   SCMP: For Chinese-Australians, Beijing dispute is bad for business even if bid to ‘weaponise’ trade has crumbled

•   SCMP: China did not test hypersonic nuclear missile, foreign ministry says

•   SCMP: US accuses China of deviating from ‘minimal nuclear deterrence’ strategy

•   SCMP: China’s top leaders set date for key meeting next month

•   SCMP: Tencent’s China charity drive shows poorest provinces have the smallest number of groups fundraising for them

•   SCMP: China’s ‘enhanced regulation’ on banks sees capital buffer increased amid greater risk exposure

•   Nikkei Asia: Japan to lobby Saudi, UAE, and other oil nations to boost supply

•   Nikkei Asia: Coal set to be stumbling block at COP26 as China, India balk

•   Nikkei Asia: TSMC in Japan: 5 things to know about its chip factory plans

•   Nikkei Asia: Indian economy charges past prepandemic level

•   Nikkei Asia: Vietnam takes Sinopharm vaccines to ease Ho Chi Minh City's woes

•   Mainichi: Robot tech eyed by Japan firms to test medicines amid labor shortage

•   Economic Times: Economy coming out of the shadow of the pandemic: RBI paper

•   Economic Times: Crisil predicts revival in private investment cycle after more than a decade

•   Construction Equipment: Construction Equipment Investment Continues ‘Elevated’: ELFF

•   For Construction Pros: Construction Costs are Forecast to Keep Rising through Next Year

•   DIGITIMES: Orders for iPhone 13 series see no major changes until mid-November

•   DIGITIMES: Commodity DRAM prices likely to fall 15-20% in 1Q22

•   DIGITIMES: COVID fears send 1.3 million workers fleeing Ho Chi Minh City in 3Q21

•   Robotics Tomorrow: Smart Robots ready to build a faster, cleaner, more profitable construction industry

•   매경(P1): 석탄발전 완전 중단…더 세지는 탄소중립

※   기술도 없는 '무탄소 가스터빈'…발전량 21% 무리한 목표설정

※   산업부: 2050 탄소중립, 미래 생존을 위한 마지막 기회

•   매경: "전세계 뒤져도 바이오 원료 못채워"…산업별 감축 계획에 기업들만 곤란

•   매경: 재계 "일방적 결정 유감…비용 추계도 공개 안하나"

•   매경(P1): 수도권 아파트값 7억 넘은지 언젠데…증여공제 고작 5천만원

•   매경: "양도세가 더 무서워"…증여 21만건 역대최대

•   매경: 中企의 읍소…"가업 사전증여 지원 늘려달라"

•   매경(P1): "공급망 혼란 수개월내 해소될 것"

•   매경: 1억 주담대 안되고, 2억 전세대출 된다…황당한 대출규제

•   매경: "中 컨테이너 생산량 늘어나 연말 해운운임 상승세 진정"

•   매경: 홍 부총리 "CPTPP 가입, 이달 말 결정"

•   매경: [공기업 미래경영] 에너지 대변혁 시대…공기업이 혁신 이끈다

•   한경(P1): LG엔솔 4조, 도요타 4조…美서 배터리 한·일전

•   한경: 차세대 '하이니켈 배터리' 전쟁…LG엔솔·SK온·삼성SDI 양산 시작

•   한경: 전기차 약진…PHEV도 제쳤다

•   한경: 수소드론·UAM까지…K방산 전시회 '모빌리티쇼' 방불

•   한경: 은행, 4분기 가계대출 더 조인다

•   한경: "최저임금 인상, 일자리 늘려"…노벨상 수상자 주장 사실일까

•   한경: "청년실업 풀려면 대기업 수 늘려야"

•   한경: 서울 휘발유값 L당 1800원 넘었다

•   서경(P1): 주담대>신용대출, 금리가 뒤집혔다··· 규제에 시장 대혼란

•   서경: 지역농협, 은행보다 대출금리 낮아···전문직이 회사원보다 이자 더 내기도

•   서경: “대출규제, 가난한 사람은 더 가난하라는 것"···예비 신부의 하소연

•   서경: ‘101동은 신협, 105동은 카드사에서’···같은 단지 중도금 대출도 '쪼개기'

•   서경: [단독]문닫은 공장 작년에만 711곳...정부 지원은 3년간 15곳뿐

•   서경: [현대차·기아] 美 배터리 사용·노조설립 압박···충족 못하면 보조금 삭감 우려

•   서경: [삼성전자·SK하이닉스] 美에 내달 8일까지 반도체 자료내야···영업비밀 노출 불보듯

•   서경: 원자재값 치솟는데···돈 쭉쭉 빠지는 원자재ETF

•   서경: 국내 첫 아이폰 간편결제···'미래에셋페이' 오픈

•   서경: “미중갈등, 韓 제조업 기회될수도···中추격 따돌릴 기술우위 다져야”

•   조선(P1): “文케어 이대로면 2030년엔 160조 쏟아부어야”

•   조선: 金겹살·金추… “위드 코로나 해도 외식 겁나”

•   조선: 자고나면 신제품… 삼성·애플·화웨이 ‘10월의 승부수’

•   조선: GS 국내기업 최초로 ‘블루 암모니아’ 도입

•   조선비즈: 미래 먹거리 반도체 ‘3D 패키징’… 앞서가는 TSMC, 추격하는 삼성

•   조선비즈: 애플, ‘아이폰13 효과’에 스마트폰 2위 탈환…1위는 삼성

•   조선비즈: 다가오는 고(高)인플레이션 시대, 아파트 시장 진정시킬까 기름부을까

•   중앙: 대통령 지시에 빨라진 ‘얀센 부스터샷’…내주 일정 나올듯

•   중앙: 삼성 전자계열 4형제 ‘서프라이즈’…역대 최대 분기매출 경신할 듯

•   동아(P1): 인구 감소로 소멸 위기… 시군구 89곳 특별지원

•   동아: 거리두기 완화 첫날… 자영업자들 “그나마 숨통” 안도

•   동아: [인사이드&인사이트]“수송난 속 떠오르는 ‘AI-로봇 물류’… 국내 기술력 향상 시급”

•   문화(P1): ‘고위험 가구’ 文정부서 확 늘었다

•   문화: ‘빚의 늪’ 깊어진 저소득층…금융부채 증가율 -0.7→19.9%

•   문화: 정책모기지 54.8%는 ‘2030 대출’…대출비중 2년전보다 20%P급증

•   한국(P1): [단독] "퀵커머스도 골목상권 죽인다" 정부, 영향분석 착수

•   한국: 붕~ 떠버린 자기부상열차의 몰락

•   한국: 6만 달러 다시 넘은 비트코인... 정부, 예정대로 내년 과세할까

•   국민: 환경단체들 “40% 감축은 기후파산 선언… 50%이상 돼야”

•   국민: 주식 ‘苦苦’ 코인 ‘好好’… 인플레 우려 속 탈동조화 지속

•   국민: LNG선 건조 기술 최고… 한국, 올 발주 98% 싹쓸이

•   서울: 12~17세도 당일 잔여 백신 접종 허용… 전 국민 접종 완료율 80% 끌어올리기

•   서울: 대통령이 말려도… 민주노총 내일 총파업 강행 예고

•   서울: 출장·대면회의 재개했지만… 아직은 재택과 출근 사이 ‘눈치싸움’

•   세계: 금융 ‘빅6’ ESG 상품 잇따라 출시… ‘기후·탈탄소’ 잰걸음 [2021 세계금융포럼]

•   세계: 탈석탄 선언… 친환경 투자 대열에 합류 [2021 세계금융포럼]

•   세계: 채권 발행하고 관련지수까지 개발… 대세로 자리매김 [2021 세계금융포럼]

•   세계: 자영업→실직자 전락… 최근 1년 새 25만명 육박

•   세계: 조선업계 잇단 수주… “올 목표액 다 채웠다”

•   머니투데이: 막오른 부산엑스포 유치전, 산업계도 원팀으로 뛴다

•   머니투데이: 증시 달구는 전기차…"배터리 소재 국산화는 필수" 2가지 유망종목

•   더벨: 삼성전기, RFPCB 사업정리...자산효율화 지속

•   파이낸셜뉴스: 또 불붙은 철광석·구리가격…업계 긴장

•   아시아경제(P1): [연전연패 부채대책-①]10년간 19번…'빚정책'의 흑역사

•   아시아경제: [연전연패 부채대책-①] 보수·진보도 부동산에 발목…오락가락 정책에 서민만 피해

•   아시아경제: [르포]염전마을 뒤덮은 태양광…염전 40만평 중 25만평 사라져

•   디지털타임스: "반갑다, 위드코로나"… 기지개 켜는 여행·항공·면세업

•   이데일리(P1): [단독]이주비 대출 막히자 '우회로' 뚫었나..SPC 통한 대출 등장

•   이데일리: [미래기술25]굴뚝산업 탄소 줄일 '게임체인저' CCUS 기술

•   연합: 오후 9시까지 전국서 1천39명 확진…전날과 비슷

•   연합: "산단공, 창원산단 생산·고용 감소 원인 탈원전으로 명시"

•   MBC: 오래가는 '수소 드론'‥"실시간 의료에 도움"

•   KBS: [주진우 라이브] 김동연 “민주당으론 안돼…국민의힘은 더 문제, 기회의 강물 막고 있는 기득권의 댐 허물 것”

•   e대한경제: '상속세 폭탄' 맞은 재계…재원 마련 총력

•   에너지경제: 에너지공기업도 탄소중립 과속 '우려 목소리'

•   에너지경제: [팩트체크] '車 반도체 수급난’에 신차 출시 일정 바뀌나?

•   전자신문(P1): 부품값 '폭등'...중소 PC업계, 신제품 출시 '포기'

•   전자신문: [뉴스해설]가격상승 끝을 모른다…중소PC, 연말 특수 실종 우려

•   전자신문(P1): 삼성, '5나노' 공정으로 페이스북 VR칩 생산 시작

•   전자신문: [이슈분석] '뉴삼성' 향해 가는 삼성

•   전자신문: [이슈분석]경영 참여 제한에 재판 변수까지…사법리스크 부담

•   전자신문: BOE, 삼성 갤럭시도 뚫었다…위기의 韓 디스플레이

•   ZDNet Korea: 폴더블 스마트폰 '진검승부' 벌인다...더블 폴더 나올까

[Opinions]

•   Project Syndicate(Connie Hedegaard): The EU Must Step Up in Glasgow

•   Project Syndicate(Richard Haass): The Taiwan Triangle

•   Project Syndicate(Vinod Thomas): Accountability for Climate Catastrophes

•   Project Syndicate(Philip Turner): Central Banking With a Straight Face

•   FT(Editorial Board): Why the world needs a Bill of Rights on AI

•   FT(Martin Wolf): Without an economic plan, patriotism is Johnson’s last refuge

•   FT(Gideon Rachman): The Bank of England is in a tight spot

•   FT(Mohamed El-Erian): Developing economies risk falling off the convergence process

•   FT(Robert Armstrong): Inflation is sticky; are margins?

•   FT(Jamie Powell): The Bank of England is in a tight spot

•   FT(Lex): Hydrogen/steel mills: greener fuel will come before the greener metal

•   WSJ(Walter Russell Mead): Energy Crisis Hobbles Biden’s Green Agenda

•   WP(Editorial Board): Biden did not run to stage a revolution. Progressives should stop demanding one.

•   WP(Henry Olsen): Why have Biden’s approval ratings plummeted? Look to his spending agenda.

•   WP(Paul Waldman, Greg Sargent ): Don’t look now, but once again the super-rich are winning

•   WP(Robert D. Atkinson): Urban myths about economics have taken root — and the cost is high

•   Bloomberg(Daniel Moss): China GDP Lends Credence to Powell, Lagarde's View on Transitory Inflation

•   Bloomberg(Shuli Ren): Xi Jinping Tries to Explain Common Prosperity But It's Really About Politics

•   Bloomberg(Anjani Trivedi): The EV Battery Supply Chain Has a Well-Kept Secret

•   CNN(Henning Gloystein): What the global gas and coal crisis means for clean energy

•   MarketWatch(Satyajit Das): China’s slowing growth and massive debt threatens stock and bond investors worldwide

•   Reuters(John Kemp): Hedge funds take profits on bullish oil positions

•   Caixin(Editorial Board): China Should Waste No Time in Ending Dual-Track Power Pricing

•   매경(사설): 공상과학소설급 탄소중립방안 확정, 기업 망가뜨릴 셈인가

•   매경(유승훈): K-택소노미와 천연가스

•   한경(사설): 발표 때마다 더 세지는 막무가내 탄소중립 '폭주'

•   서경(사설): 황당한 ‘과속 탄소중립안’ 밀어붙이는 이유 뭔가

•   조선(사설): 곧 끝나는 정권이 경제 뒤흔들 ‘탄소중립안’ 대못 박아, 이래도 되나

•   중앙(사설): 대통령이 말만 하면 ‘탄소 제로(0)’가 뚝 떨어지나

•   동아(사설): [인사이드&인사이트]“수송난 속 떠오르는 ‘AI-로봇 물류’… 국내 기술력 향상 시급”

•   세계(사설): 일방적인 온실가스 감축 추진, 보완책 마련 시급하다

•   한겨레(사설): 탄소중립 최종안 확정, 산업계도 세계적 흐름 동참을

•   파이낸셜뉴스(사설): 탄소중립 위해 원전 택한 유럽, 눈감은 한국

•   디지털타임스(사설): 일방 통행식 탄소중립… 과욕 부리다 기업 다 잡는다