Business Intelligence Monitor 211020

(Introduction)

[Markets]

•   Global: Stocks gain as earnings provide some optimism; 10-yr yield climbs

•   Brazil: Brazil Markets Sink on Fears Spending Cap May Be Jeopardized

•   Coal: China’s Coal Rally Slows as Authorities Act to Tame Price

•   Metals: Copper extends gains on scramble for scarce metal

•   Grains: Soy ends up on firm cash markets, vegoils; corn, wheat sputter

•   한국: 코스피 3,020대로 반등…코스닥 11일만에 1,000선 회복

•   한국: "내년 건설투자 10% 증가"…건설株 기대 커진다

•   한국: 두산그룹주 혼조, 두산퓨얼셀 오리콤 상승 두산 두산중공업 하락

•   한국: 외국인 국채선물 투매에 치솟는 금리…국채 3년물 연 1.9% 턱밑

[Indicators]

•   US Sep. Housing starts: U.S. Housing Starts Fall, Driven by Multifamily Slowdown

※   Permits to build fall by 7.7%, the most since February

•   Indonesia Benchmark rate: Bank Indonesia Stays on Hold, Says Rate Moves Still a Year Away

•   한국 상반기 지역별 고용조사: 상반기 취업 65만명 늘었지만 도소매업은 16만명 줄었다

•   한국 9월 주택가격(부동산원): 서울 아파트 값 올 6.24% 올라…지난해 상승률의 두 배 넘어

[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: FDA Nearing Approval for Mixing and Matching Covid-19 Booster Shots

※   The agency wouldn’t recommend a specific booster but would allow people to get a different shot from their initial vaccination

•   WSJ: Democrats Step Up Efforts to Trim Social Policy and Climate Bill

•   WSJ: Biden Administration to Constrain Use of Sanctions in Foreign-Policy Shift

•   WSJ: Waller: If Inflation Doesn’t Cool by Year-End, Fed Could Bring Rate Increases Forward

※   Federal Reserve governor also supports starting taper of asset purchases soon

•   WSJ: In Tackling China’s Real-Estate Bubble, Xi Jinping Faces Resistance to Property-Tax Plan

•   WSJ: China Flooding Exposed Risks in Beijing’s Plan to Launch Digital Currency

•   WSJ: Is Brexit Hurting the U.K. Economy? Trade Data Flashes a Warning

•   WSJ: U.K., Joining Trend, Sees Nuclear As Key to Cut Carbon Emissions

•   WSJ: China Sells $4 Billion of Dollar Bonds, Borrowing Cheaply Once Again

•   WSJ: Day Traders Are Driving Uranium Prices Higher

•   WSJ: GE, Union Pacific Mandate Covid-19 Vaccine for U.S. Workers

•   WSJ: Some Workers Want Covid-19 Recovery Accepted as Evidence of Immunity

•   WSJ: How to Build a More Sustainable Robot

•   WSJ: Procter & Gamble Uses Its Size to Lessen Impact of Supply-Chain Mess

•   WSJ: Pixel 6 and 6 Pro: Google Says It’s Serious About Smartphones. For Real This Time.

•   NYT: The Economic Rebound Is Still Waiting for Workers

•   NYT: Global economic growth will stabilize next year, but supply chain shock remains a risk, a report says.

※   most major economies returning to a prepandemic growth path by 2025 at the latest

•   NYT: On a Pacific Island, Russia Tests Its Battle Plan for Climate Change

•   WP: White House has weighed tapping National Guard to address mounting supply chain backlog

•   WP: How Germany’s far-right gained, even as it lost

•   WP: China’s test of hypersonic vehicle is part of a program to rapidly expand strategic and nuclear systems

•   WP: Russia’s greenhouse gas emissions: Satellites find, monitor methane leaks in country - Washington Post

•   FT: Brussels vows to punish Poland for challenging supremacy of EU law

•   FT: How low can it go: Poland vs EU, Strasbourg edition

•   FT: Brussels signals extension of looser Covid-era state aid rules

•   FT: Chinese developer Sinic defaults as Evergrande deadline looms

•   FT: China’s magnesium shortage threatens global car industry

•   FT: WTO director-general warns global supply chain problems could last ‘several months’

•   FT: The charts that show global supply chain disruptions are at historic highs

•   FT: New taxes likely as part of UK’s net zero transition by 2050, Treasury warns

•   FT: UK supply chain crisis to last until at least 2023, business leaders warn

•   FT: Investors worry over potential BoE rates ‘mistake’

•   FT: Japan’s economic security minister warns on chip industry survival

•   FT: IAEA chief warns Iran nuclear surveillance is no longer ‘intact’

•   FT: WeWork to make belated arrival on stock market after Spac merger

•   FT: Regeneron claims Covid antibody drugs might have saved Colin Powell

•   FT: Amazon, Ikea and Unilever commit to zero-emission shipping by 2040

•   FT: Listed companies driving a 3C rise in temperatures, study finds

•   Bloomberg: IMF Cuts Asia Pacific Growth Outlook On Delta, Slow Vaccinations

※   IMF: Regional Economic Outlook for Asia and Pacific, October 2021

•   Bloomberg: IMF More Upbeat on Mideast Growth, Warns Against Uneven Recovery

※   IMF: Regional Economic Outlook for the Middle East and Central Asia

•   Bloomberg: Supply-Crunch Inflation Gives Central Banks an Unfixable Problem

•   Bloomberg: Milken Conference Day 2 Speakers: Howard Marks, Cathie Wood, Steven Mnuchin

•   Bloomberg: Gita Gopinath to Rejoin Harvard After Three Years as IMF Chief Economist

•   Bloomberg: Fed Seen Well Behind as Global Race to Rate Hikes Hits Overdrive

•   Bloomberg: U.K.’s Sunak Resists Spending Pressure as BOE Set to Hike Rates

•   Bloomberg: UK Industries From Food to Trucking Warn of Inflation Pressures

•   Bloomberg: New U.K. Homes Face More Construction Delays From Shortages

•   Bloomberg: ECB Officials Talk About Flexibility. Here’s What They Mean: Q&A

•   Bloomberg: China’s Xi Vows Tighter Oversight of Tech Firms, Digital Economy

•   Bloomberg: China’s Property Sector Shrinks For 1st Time Since Pandemic

•   Bloomberg: New Chinese Covid Cases Tied to Rule-Breaking Couple Reach Beijing

•   Bloomberg: China Weighs Coal Market Intervention to End Stunning Rally

•   Bloomberg: China’s Land Market Slump Threatens $1 Trillion Revenue Earner

•   Bloomberg: China Exports See Double-Digit Price Hikes, Adding to Inflation Risk

•   Bloomberg: Ex-China State Researcher Suggests Wider Property Tax Trial

•   Bloomberg: India’s Slowing Electricity Demand Eases Burden on Coal Supplies

•   Bloomberg: U.K. Rates Market Quirk Signals Any BOE Hikes May Be Short-Lived

•   Bloomberg: Why Methane Is the Most Important Climate Fix

•   Bloomberg: U.K. Tries to Juice UN Climate Talks With Its Own Net-Zero Plan

•   Bloomberg: Net-Zero Tool Backed by BlackRock Gives ‘Big Nudge’ on Climate

•   Reuters: China Evergrande makes onshore coupon payment - sources

※   China Evergrande Group has paid an onshore bond coupon due on Tuesday

•   Reuters: U.S. workers face job losses as COVID-19 vaccine mandates kick in

•   Reuters: Fed's Bowman says U.S. labor market could struggle to return to pre-pandemic levels

•   Reuters: ECB's Rehn warns of risk if inflation surge lasts much longer

•   Reuters: Risk of higher euro zone inflation on the rise: ECB's Vasle

•   Reuters: Brazil's Bolsonaro should face homicide charge for COVID-19 errors - Senate report

•   Reuters: India delays COVID-19 vaccine supplies to WHO-backed COVAX, sources say

•   Reuters: Exclusive-Indonesia plans to 'hit the brakes' on raw commodity exports - president

•   Reuters: EXCLUSIVE Myanmar junta minister blames economic woes partly on foreign-backed 'sabotage'

•   Reuters: U.S. FCC commissioner wants new restrictions review for Chinese dronemaker DJI

•   Reuters: China’s Power Crisis Has Solar and Wind Companies Seeing Green

•   Reuters: Analysis: As oil prices skyrocket, fund managers hop on board for the ride

•   Reuters: Analysis: China's self-inflicted slowdown tests Beijing's reform resolve

•   AP: Energy crunch hits global recovery as winter approaches

•   CNN: Why some say the worst of the supply chain woes are near an end

•   CNBC: Federal Reserve Chair Powell’s five measuring sticks on inflation aren’t holding up very well

•   CNBC: CDC study shows Pfizer Covid vaccine is 93% effective against hospitalization in 12- to 18-year-olds

•   CNBC: Automakers are spending billions to produce battery cells for EVs in the U.S.

•   CNBC: Shares of China’s Xiaomi jump 5% on news it will mass produce its own electric cars in 2024

•   CNBC: How to invest in China as the economy slows down. We asked 20 strategists

•   SCMP: China test fires ‘world’s largest, most hi-tech solid-fuel rocket engine’

•   SCMP: China’s Canton Fair wraps up, but exporters lament the lack of foreign buyers

•   Nikkei Asia: Japan's parties draw battle lines as election campaign begins

•   Nikkei Asia: Japan auto parts maker revamps supply chain to fight chip crunch

•   Nikkei Asia: Alibaba emerges on shortlist to rescue chipmaker Tsinghua

•   Nikkei Asia: China's 5G base installations slow as U.S. parts dry up

•   Nikkei Asia: The new Great Game: Central Asia struggles to balance three powers

•   Japan Times: Power shortages a bigger concern for Japan firms in China, not Evergrande

•   MINING.com: Upward trend in global exploration budget to continue in 2022 — report

•   Equipment Journal: Bobcat introduces L65 and L85 compact wheel loaders

•   Robotics Tomorrow: Robot-Ready Conveying Optimizes Pick-and-Place

•   매경(P1): 돈나무 언니 전격 인터뷰…"크리스마스 지나면 물가 안정"

•   매경(P1): "코로나에 장사 벼랑끝" 세상과 이별하는 자영업자들

•   매경: 김동연 신당명 '새로운 물결'

•   매경: [단독] 야산까지 '영끌'하더니…태양광 올여름 전력 5%도 기여 못했다

•   매경: "발망치 쿵쿵 소리 이제 사라질까?"…층간소음 막는 기술 나왔다

•   매경: 서울 10평대 아파트도 7억 넘었다

•   한경(P1): 글로벌 불확실성 커지자…654억달러 움켜쥔 기업들

•   한경(P1): 기술 현실 눈감은 탄소중립 '과속'

•   한경: 철강 빅2, 수소환원제철 68조 드는데…'넷제로 비용' 계산도 안했나

•   한경: 자산 2조 이상 상장사, 내년부터 환경정보 공개해야

•   한경: 두가지 탄소중립 시나리오 제시…"어느 기준에 맞추란 건가" 혼란

•   한경(P1): 4대 거래소 "이대론 코인 과세 어렵다"

•   한경: 슬로플레이션 우려…强달러 이어질 듯

•   한경: 풍력산업 육성에 발 벗고 나선 경남

•   한경: 확진자 1000명선…정부 "내달 1일부터 위드 코로나"

•   한경: 위험한 일은 로봇이, 불량은 AI가 잡아내는 스마트팩토리

•   한경: 메모리 반도체 '혹독한 겨울'이 왔다

•   서경: 정권 따라 흔들리는 개발사업···자원독립 이끌 컨트롤타워 시급

•   서경: 쪼개진 자원안보 법안···급변하는 해외상황 대처 불가능

•   서경: 정부, 리튬 등 1년새 두배 뛰자 신북방에 SOS

•   서경: 임금근로자 10명 중 3명은 月 200만원 못 받는다

•   서경: 딱 오른 만큼만 전세대출···전 금융권으로 확산된다

•   서경: 위드 코로나 온다...화색 도는 지역상권

•   조선(P1): 韓美日 정보수장 모인 날, 北 SLBM 발사

•   조선: 북한, 南 뒤통수 때릴 ‘신형 SLBM’ 완성한듯

•   조선: 2030 영끌족 “금리는 계속 오르는데… 잠이 안옵니다”

•   조선: 아파트값 변곡점 왔나… 서울 상승세 꺾이고 한달새 매물 8% 늘어

•   조선: 코로나 하루 사망 21명... 4차 유행 후 최다

•   조선: 원전 11기 수명만 연장해도 2030년 탄소 감축률 40.3%

•   조선: 중국이 신청해서?… 정부 “CPTPP 가입 결정 막바지”

•   조선비즈: 삼성이 진심 건 접히는 OLED 연평균 60% 성장…초격차 기회되나

•   조선비즈: “중소기업 과반 이상, 올해 경영 부진 지속 전망… 정상화 자금 수요 확대”

•   조선비즈: 인텔 CEO “韓·대만 반도체 의존하는 美 방식 불안...직접 만들어야”

•   TV조선: [단독] "현재 원전만 돌려도 탄소배출 목표 채울 수 있다"

•   동아(P1): [단독]‘20대 파산’ 10년만에 최대규모

•   동아(P1): 文 “자제” 요청에도, 민노총 오늘 총파업

•   문화(P1): ‘주담대’ 받은 42%는 신용대출도…‘이중채무’ 역대 최대

•   문화(P1): 유가 7년만에 최고… “유류세 15% 인하 추진해야”

•   문화: 한은, 19년간 성장률 전망치 가장 잘 맞혔고 기재부는 단 한차례만 적중해 괴리 가장 커

•   한국(P1): 구글·애플 인앱결제 강제 땐 매출액 2% '최대 300억 과징금 폭탄'

•   한국(P1): 고강도 가계빚 규제 3개월…부작용 속출에 대출원칙도 훼손

•   국민: “미·중, 반도체 올인… 한국, 정부 대책·차세대 소재 개발 시급”

•   국민: 뜨거워지는 반도체 시장 일본·유럽·대만 등 ‘주도권 전쟁’

•   국민: “화석연료 수요 내년 사상 최대치”… 기후변화 정책 실패 목소리

•   서울: 현실화되는 3%대 소비자물가… 한발 늦은 정부의 안일한 대처

•   서울: MZ세대 공무원 “국장님, 일며든다 말 아세요” 속마음 쏟아냈다

•   세계: 몸집 키울수록 온갖 규제로 옥죄… 기업들 ‘성장판’ 닫는다 [연중기획-끊어진 계층이동 사다리]

•   한겨레(P1): ‘반값 복비’ 전국 시행 첫날, “계약날짜 변경해도 되나요” 눈치싸움

•   한겨레: 미래냐 현재냐…지금 세계는 ‘탈원전’ 딜레마

•   경향: 너도나도 “ESG 경영”…보여주기식·그들만의 리그 될라

•   경향: 대선 앞두고 표류…해운업계 운임 담합, 연내 제재 물 건너가

•   머니투데이(P1): "전국 읍·면·동 50%가 30년내 사라진다"...1791곳 '소멸위기'

•   머니투데이: [단독] "물가 뛰는데 가스값이라도 잡자"…LNG 관세 면제 추진

•   머니투데이: "13 맞아요? 30 아니고?" 싱가포르 기자도 깜짝 놀란 한국 신용도

•   더벨: 두산건설 매각 재추진, 채권단 졸업 '마지막 퍼즐'

•   헤럴드경제(P1): 한국금리 가장 빠르게 오르고 있다

•   파이낸셜뉴스(P1): 글로벌 에너지쇼크, 기업·가계 다 삼킨다

•   아시아경제(P1): [르포] "눈 뜨면 1억 뛰니 집 보러도 안와"…서울 매수 실종

•   아시아경제: 서울 아파트 매수 실종 "규제 따른 일시적 관망세" vs "고점 도달 변곡점 시작돼"

•   아시아경제: 5000명 칼바람 불던 '유통 빅4', 위드코로나 2000명+α 뽑는다

•   아시아경제: ‘로봇 관절’ 강자 로보티즈…“배달로봇 자율주행, 車보다 먼저 구현”

•   이데일리: "공급 병목 지나간다"…가장 먼저 오르는 주식은?

•   이데일리: "가계빚 이대로면 과거 카드대란 수준의 위기 재발할 수도"

•   연합: 오후 9시까지 전국 1천501명 확진…전날보다 500명 가까이 증가

•   KBS: 천 억 넘게 들인 수소연료전지…“70% 가동 중단”

•   e대한경제: 경영 불확실성 커지는데…재계, 일자리 창출 압박에 부담가중

•   e대한경제: 인텔 CEO “韓·대만 반도체 의존하는 美 방식 불안...직접 만들어야”

•   에너지경제: 경영 불확실성 커지는데…재계, 일자리 창출 압박에 부담가중

•   에너지경제: [탄소중립 쓰나미] 17조 투자 신규석탄발전소 무용지물 위기

•   에너지경제: 비싸진 전력가격에 한숨 돌리는 신재생E…하반기 RPS 낙찰가 상한선까지 오를 듯

•   전자신문(P1): 삼성SDI, 북미에 첫 배터리 공장 추진

•   디지털데일리: [택시플랫폼①] 모빌리티 패러다임 변화, ‘택시 플랫폼’ 달린다

[Opinions]

•   Project Syndicate(Sławomir Sierakowski): The Possibility of Polexit

•   Project Syndicate(Robert Skidelsky): The Case Against Economic Sanctions

•   Project Syndicate(Jeffrey D. Sachs): The G20 and the Means to Climate Safety

•   Project Syndicate(Shlomo Ben-Ami): Learning to Manage the China Threat

•   Project Syndicate(Carl Bildt): Competition and Coexistence

•   FT(Editorial Board): Stock market indices cannot be murky

•   FT(Martin Wolf): COP26 is the real thing and not a drill

•   FT(Janan Ganesh): America’s political and business elites no longer agree on China

•   FT(Martin Sandbu): Brussels eyes unilateral power to boost flexibility of budget rules

•   FT(Dambisa Moyo): Lack of investment rigour risks creating an ESG bubble

•   FT(Lex): Alibaba: new chip could end up costing an Arm and a leg

•   WSJ(Editorial Board): China’s Hypersonic Wake-Up Call

•   WSJ(James Freeman): It’s Not Your Turn for Shortages

•   WSJ(William A. Galston): Are the U.S. and Europe Breaking Up?

•   WSJ(Clifford S. Asness): Biden’s Real Tax Target Isn’t the Superrich

•   WSJ(Casey B. Mulligan, Vance Ginn): ‘Build Back Better’ Would Sink the Labor Market

•   WSJ(Reuel Marc Gerecht, Ray Takeyh): Iran Won’t Stop Until It Has a Nuclear Weapon

•   NYT(Editorial Board): Joe Manchin Versus West Virginia on Climate and Child Care

•   NYT(Jamelle Bouie): Joe Manchin Doesn’t Like What Joe Biden Is Doing

•   WP(Nikki Haley): If Biden won’t fight China’s importing of Iranian oil, Congress should

•   WP(David Ignatius): Russia and the United States are cooperating on cyber-security and Iran, but Havana syndrome looms

•   WP(Robert J. Samuelson): The Fed’s inflation machine: What would Volcker do?

•   Bloomberg(Mihir Sharma): Don't Blame India for Blocking WTO Fishing Subsidies Agreement

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•   Bloomberg(Jessica Karl): Climate Change Can Win Green Investors and Maybe Elections

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