Business Intelligence Monitor 211022

(Introduction)

[Markets]

•   Global: Stocks ease, yen gains as investors seek to avoid risk

•   US: Yardstick of future US inflation climbs to highest in a decade

•   Brazil: Brazil Markets Plunge After Bolsonaro Vows to Dole Out More Aid

•   Coal: China coal futures slump as gov't signals intervention to ease power crisis

•   Metals: Copper falls as LME squeeze fades and China demand fears grow

•   Grains: Soybeans fall on South American weather, technical pressure

•   한국: 코스피 3,000선 '흔들'…코스닥 사흘만에 1,000선 하회

•   한국: 테슬라 "배터리 모델 교체"…국내 2차전지株 우수수

•   한국: 두산그룹주 등락 갈려, 두산중공업 5%대 상승 두산퓨얼셀 3%대 하락

•   한국: 치솟는 국고채 금리···3년물 2% 터치하나

[Indicators]

•   US Sep. Existing home sales: U.S. Home Sales Jumped 7% in September

•   US Oct. Philadelphia Fed manufacturing Index: Philly's Fed District Manufacturing Activity Eased in October

•   US Weekly Jobless claims: Jobless Claims Fall to Pandemic Low as Labor Market Remains Tight

•   France Oct. Business confidence: Optimism in French Services Is at Highest in Two Decades: Chart

•   Turkey Benchmark rate: Turkish lira tumbles as central bank slashes interest rate

•   한국 10월 1~20일 수출: 10월 1∼20일 수출 36.1% 증가…일평균 기준 25.7%↑

•   한국 주간 아파트 가격(부동산원): 대출 규제에도…강남 3구 집값 되레 더 올라

[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: Pfizer-BioNTech Covid-19 Booster Shot Was 95.6% Effective in Large Trial, Companies Say

※   The results came from testing in people while the contagious Delta variant was prevalent

•   WSJ: Moderna and Johnson & Johnson Covid-19 Boosters, Mixing and Matching Under Review by CDC Advisers

•   WSJ: Is a Moderna, Pfizer or J&J Covid-19 Booster Shot Best for You? What to Know About Mixing Vaccines

•   WSJ: Democratic Voters Want Biden’s Big Spending Deal—and They’re Getting Impatient

•   WSJ: America’s Housing Boom Will Keep Builders and Agents Busy

•   WSJ: Fed’s Kashkari: Paycheck Protection Program Disadvantaged Black Americans

•   WSJ: Fed Imposes New Restrictions on Officials’ Investment Activities

•   WSJ: Covid-19 Herd Immunity Proves Elusive in U.K.

•   WSJ: Xi Jinping Hasn’t Left China in 21 Months, Keeping Diplomacy Virtual

•   WSJ: India Hits One Billion Covid-19 Vaccines Administered

•   WSJ: Intel’s Earnings Dented By Chip Shortage

•   WSJ: Mesa Air Moves Into Drone Food Delivery

•   WSJ: How Working From Home Could Change Where Innovation Happens

•   NYT: U.S. agrees to drop tariffs on countries that imposed digital services taxes as a global tax overhaul moves ahead.

※   The United States reached an agreement on Thursday with Austria, France, Italy, Spain and Britain that will terminate the threat of American tariffs on certain goods

•   NYT: Climate Change Poses a Widening Threat to National Security

※   ODNI: National Intelligence Estimate on Climate Change

•   NYT: Struggling with rising cases and low vaccination rates, Moscow announces a lockdown.

•   WP: Putin and Xi look set to disengage as world leaders meet on climate

•   WP: The lingering question: How bad might the covid winter be?

•   WP: Biden’s favorite stat — that 55 major corporations paid no federal income tax

•   WP: U.S. officials caution companies about risks of working with Chinese entities in AI and biotech

•   FT: ECB pushes banks to boost their post-Brexit operations

•   FT: Wage pressures become inflationary flashpoint in developed economies

•   FT: Putin says Russia could deliver 10% more gas if Nord Stream 2 approved

•   FT: Merkel urges EU and Poland to ease tension over rule of law dispute

•   FT: Poland to test Merkel’s summitry skills for the last time

•   FT: Europe after Merkel: will Germany take a tougher approach?

•   FT: Picking Jens Weidmann’s successor presents key test for Germany’s coalition talks

•   FT: Boris Johnson hopes half-term Covid booster blitz will damp ‘Plan B’ calls

※   The UK reported 52,009 new coronavirus cases on Thursday

•   FT: BoE chief economist warns UK inflation likely to hit 5%

•   FT: US grapples with rapid Covid test crunch as vaccine mandate looms

•   FT: What China’s hypersonic test launch reveals about the global arms race

•   Bloomberg: Evergrande Faces Make-or-Break Weekend for Dollar Bond Payment

•   Bloomberg: China Vows to Keep Property Curbs, Evergrande Risk Seen Limited

•   Bloomberg: China City Builders Buck Property Slump to Win Record Low Yields

•   Bloomberg: Princeling Zeng Jie’s Surprise Fantasia Default Roils Global Investors in China

•   Bloomberg: Inside the Race to Fix China's Energy Crisis Without Missing Climate Goals

•   Bloomberg: Pfizer Jab Effective Against Delta Variant in Teens: Israel, Harvard Study

•   Bloomberg: What’s Happening in the World Economy: The Risks of a Digital Dollar

•   Bloomberg: Fed Chair Jerome Powell's Quick Response Boosts Chances for Second Term

•   Bloomberg: U.S. Supply Chain: Biden Tackles Crisis With Few Tools, Clock Ticking

•   Bloomberg: Supply Chain Crisis: US Port Czar Urges Congress to Act on Infrastructure Bills

•   Bloomberg: EU Leaders Quash Calls for Fast Fixes to Solve Energy Crisis

•   Bloomberg: Energy Crisis Exposes EU Tensions With Few Fixes for Leaders

•   Bloomberg: Scholz Aims to Be Sworn In as Chancellor by Middle of December

•   Bloomberg: How Has Covid Affected the Economy in U.K.?

•   Bloomberg: Sunak’s Budget Boost Comes With Warning on U.K. Debt Costs

•   Bloomberg: China Energy Crisis Boosts Coal Imports From Indonesia to Record

•   Bloomberg: China’s Provinces Struggle to Find Good Projects to Spend On

•   Bloomberg: IMF Says China Has Policy Options to Cushion Economy’s Slowdown

•   Bloomberg: Russia Will Seek Sanctions Relief for Climate Projects at COP26

•   Bloomberg: Four Brazil Economic Aides Resign After Spending Plan Unveiled

•   Bloomberg: Oil Curve Points to a Price and It’s Not $83-a-Barrel WTI

•   Bloomberg: Freeport Copper Output Falls Short Just as the World Needs More of the Metal

•   Bloomberg: Oil Refiner Renaissance Under Threat From Natural Gas Crisis

•   Bloomberg: Climate Negotiators Face Carbon Offset Credit Fight

•   Reuters: Huawei, SMIC suppliers received billions worth of licenses for U.S. goods

•   Reuters: WHO urges G20 to step up vaccine donations to the south

•   Reuters: World Bank sees 'significant' inflation risk from high energy prices

※   World Bank: Commodity Markets Outlook

•   Reuters: U.S. coronavirus vaccine donations reach 200 mln doses

•   Reuters: EU regulator verdict on Moderna COVID-19 booster shot next week

•   Reuters: Soaring prices dampen consumer mood in India's festival season

•   Reuters: EXCLUSIVE Indian PM Modi will attend Glasgow climate conference - minister

•   Reuters: Gulf economies to pick up speed next year, with fall in oil prices biggest risk

•   Reuters: EXCLUSIVE BOJ discussing phasing out pandemic support as economy reopens - sources

•   Reuters: Why today's economy can handle oil at $100 a barrel or higher

•   Reuters: EXCLUSIVE U.S. slows down oil and gas mergers-sources

•   Reuters: Analysts cut Asia's corporate earnings estimates on growth concerns

•   Reuters: Semiconductor squeeze forces ABB to shrink sales outlook

•   Reuters: Analysis: What lies beneath? Hidden debt fears feed China's property woes

•   Reuters: Analysis: China's silence on yuan's swift gains keeps markets buzzing

•   Reuters: Analysis: From doom to boom, energy stocks power out of COVID shock

•   AP: Forecasters predict warmer winter for two-thirds of US

•   CNBC: U.S. government agency in charge of financial stability weighs in on climate change risks

•   CNBC: Fed's Raphael Bostic sees interest rate hike coming amid inflation

•   CNBC: Saudi finance minister: Climate policies may cause a worse energy crisis

•   CNBC: China economy: Property sector must shrink to be stable, says prof

•   CNBC: Huawei launches smartphone overseas despite U.S. sanctions crippling its mobile phone business

•   CNBC: Carbon offsets are imperfect but necessary and the market needs to grow fast, says B of A exec

•   SCMP: China sticking with ‘zero-Covid’, but is it a binary choice?

•   SCMP: ‘Leverage your role’: China tried to sway EU-Taiwan vote

•   SCMP: China’s power crisis: Zhejiang the latest province to float electricity prices after Beijing eases restrictions

•   SCMP: China cites ‘flexible’ yuan exchange rate, healthy economy as buffer against US tapering

•   SCMP: What does a stronger US dollar-yuan exchange rate mean, and why is Beijing worried?

•   Global Times: EU, US send wrong signals on Taiwan, risking miscalculation

•   Global Times: New Beijing COVID-19 case caused by Delta variant; city to offer residents booster shots

•   Nikkei Asia: Nissan cuts production 30% through November on chip shortage

•   Nikkei Asia: Tokyo, Osaka restaurants set to resume late-night hours as COVID-19 ebbs

•   Nikkei Asia: Japan said to lobby for weakened U.N. report ahead of COP26

•   Nikkei Asia: New TSMC plant tests Japan's ability to design 'good' state subsidies

•   Nikkei Asia: U.S. chipmaker Micron 'in talks' to expand in Japan and Taiwan

•   Economic Times: All indicators pointing towards sharp economic recovery: Piyush Goyal

•   Economic Times: With recovery widening, Icra sees Q2 GDP at 7.7%

•   Economic Times: Indian economy poised to grow by 10.5% or more in FY22: Rajiv Kumar, NITI Aayog

•   reNews: 'Renewables jobs hit 12 million in 2020'

※   IRENA: How Renewables Power 12 Million Jobs Globally

•   reNews: ‘Green hydrogen key to hitting climate target’

•   OilPrice.com: Oil Prices Could Explode As U.S.' Largest Storage Hub Nears Empty

•   DIGITIMES: IC design houses see clients increasingly reluctant to accept price hikes

•   MIT News: Coupling power and hydrogen sector pathways to benefit decarbonization

•   매경(P1): '우리 힘으로' 우주강국 첫발 뗐다

•   매경: 無에서 쌓아온 30년 세월…누리호는 기적의 역사

•   매경: "발사 성공도 자랑스럽다"…"韓우주산업 새 이정표 써"

•   매경: 12년간 국내기업 300곳 참여…민간 우주산업시대 열린다

•   매경(P1): LG "3년동안 3만명 직접 채용"

•   매경: [단독] 빨라지는 '李 대선시계'…500쪽 분량 공약집 제출

•   매경: '위드코로나' '언택트'…알고보니 콩글리시

※   Times: Konglish is not your bepu: South Korea fights corruption of its language

•   매경: "한국, CPTPP 가입 늦을수록 손해 커"

•   매경: 정재훈 "연말 조단위 해외원전 계약"

•   매경: 내달 미국부터 달려가는 이재용…역대 최대 20조 반도체 투자 시동

•   매경: 반도체 정점 논란에도 큰손들 뭉칫돈…왜?

•   한경(P1): 삼성엔지니어링 주가, 올해에만 90% 오를 수 있었던 이유

•   한경: 코스피 톱50 중 22社가 신사업 '무장'…"주가 재평가 시간문제"

•   한경: 미국 주도株도 모두 '알파기업'

•   한경: "숫자로 평가 난감" 애널리스트 골머리…뒤늦게 목표주가 올려

•   한경(P1): '제2 인국공' 된 건보공단 콜센터 직원 결국 직고용

•   한경: 홍남기 "유산취득세 도입해도 상속세율 안 올릴 것"

•   한경: 유류세 15% 내리면…휘발유값 120원 싸질듯

•   한경: "脫석탄 시대, 녹색 직업 4500만 개 생길 것"

•   한경: 아파트 거래 줄었지만…외지인 매입 비중은 '역대 최고'

•   서경(P1): [단독] 차이나머니 등 亞자금, 韓 상장채권 100조 샀다

•   서경: 外人물량 20~30%가 중화권...투자이익 넘어 '외교 지렛대' 포석

•   서경: "국가 신인도 하락 등 우려"...5년째 국가별 보유액 비공개

•   서경(P1): 韓 CPTPP 가입, 日 유보적 입장

•   서경: CPTPP 가입 앞두고 커지는 농민 불안감···"RCEP 비준부터 저지할 것"

•   서경(P1): 고승범 "전세대출은 DSR 적용 안할 것"

•   서경: 제2 미전실 없다···삼성, 준법경영·계열사 시너지 이끌 컨트롤타워 예고

•   서경: 위상 높아진 준법감시委 "삼성 지배구조 개선방안 의견수렴 중"

•   서경: SK, 이사회가 CEO 평가·경영전략 수립···LG는 내부거래委 통해 경영투명성 제고

•   서경: 되살아난 좀비기업 10곳 중 4곳, 다시 재무취약상태 빠져

•   서경: "10조 쏟아붓고도···혁신도시 80%, 계획인구 미달" 일침 날린 KDI

•   서경: 코로나 특수 사라지면서 LCD TV패널 가격 30% 급락

•   서경: CB 전환가 잇단 하향···화난 주주들 "주식가치 희석"

•   서경: [이슈 리포트] 징벌적 상속세에 막힌 가업 승계···100년 기업 꿈 사라진다

•   조선: ‘7층 규제’ 묶였던 서울 주거지 26%, 25층까지 허용

•   조선: 집값 자극할까봐… 서울시, 재건축 정책은 못내놓고 단지별 대응

•   조선: [WEEKLY BIZ] 달러 인덱스 한 달간 2% 넘게 상승 원달러 환율도 요동

•   조선: [WEEKLY BIZ] 급격한 탄소 다이어트, 세계 경제 몸살났다

•   조선: [WEEKLY BIZ] 가난한 나라는 못맞는 백신, 인플레 재앙 시작된다

•   조선: [WEEKLY BIZ] 코로나 끝나면 재택근무도 끝? 사장도 직원도 절레절레

•   조선비즈: 삼성폰에 中 OLED 탑재되나… BOE·CSOT, 갤럭시A73 패널 개발

•   조선비즈: 시스템 반도체 품귀가 부른 ‘나비효과’… 메모리 의존 삼성·SK에도 악재

•   인베스트조선: 내년까지 이어질 금리 변동성…예년보다 일찍 문 닫는 회사채 시장

•   중앙(P1): 한수원 사장 “신한울 원전 재개를” 임기말 문 정부에 쓴소리

•   문화: 젊은 피 수혈·이슈 확대… 美 ‘한반도 전문가’ 지형이 달라졌다

•   쿠키뉴스: [단독] ‘통계오류’ 벌써 몇 번째… 한국은행, 신뢰도 ‘흔들’

•   서울: “사람 대신 로봇”… 디지털 물류 팔 걷은 CJ대한통운

•   한겨레(P1): 사회적경제·사람중심 ESG…다양한 ‘공존의 삶’ 제안

•   머니투데이(P1): 코인보다 '장외주식'..34조 규모로 불어난 'K-OTC'

•   머니투데이: 주담대 금리 5% 육박에 실수요자들 한숨 "집 계약했는데…"

•   더벨: 두산건설, 시장성 조달 재개…정상화 '시그널'

•   헤럴드경제(P1): 역대급 M&A 호황...대주주는 웃었다

•   헤럴드경제(P1): 삼성전자 브랜드가치, 첫 700억달러 고지

•   헤럴드경제: ‘위드 코로나’ 시대...급등한 자산시장 ‘숨고르기’ 대비를

•   파이낸셜뉴스(P1): "AI는 위협적? 인간이 역할 규정하면 된다" [AI World 2021]

•   파이낸셜뉴스: 삼성 D램 생산라인 CIS로 전환 속도

•   아시아경제(P1): 노벨상도 설명 못한 '韓 최저임금'…文정부 3년 영세자영업자 소득 4.3조↓고용도 악화

•   아시아경제: 최저임금 인상에 코로나까지 '소주성'은 틀렸다…文정부 내내 자영업자 위기

•   아시아경제: MZ세대 담보 끌어 빚투·영끌…작년 담보대출 89% 증가

•   아시아경제: 서울 중산층, 한푼 안쓰고 18.5년 모아야 집 산다

•   아시아경제: [신재생에너지 갈등下]떠나는 임차농에 가구수 급감…마을이 사라진다

•   아시아경제: 월성 원전 잊었나…與, 이번엔 석탄발전 '조기 퇴출' 정부 압박

•   이데일리(P1): 우상향 훈풍 타던 기업실적 꺾이나…증시도 '먹구름'

•   연합: 오후 9시까지 전국서 1천368명 확진…22일 1천500명대 예상

•   EBN: 포스코, 석탄발전사업 갈지자 행보…삼척석탄발전소 어쩌나

•   에너지경제: [2021 수소세미나] "글로벌 수소시장 확대, 정부 정책 지원 시급"

•   에너지경제: [2021 수소세미나] 연내 대용량 수소경제체제 구축방안 나온다…정부 "민간 투자기업 적극 지원할 것"

•   에너지경제: 한전, 탈원전·탈석탄에 文정부 4년 새 매출 줄고 부채 늘고…좌초자산 위험도↑

•   에너지데일리: “국내 중소기업, 탄소중립 준비 전혀 안 돼 있다”

•   전자신문(P1): LG이노텍, '폴디드 카메라' 개발 착수

[Opinions]

•   Project Syndicate(Madeleine Albright, et al.): Our Common Agenda and the Road to 2023

•   Project Syndicate(Yu Yongding): China Must Restore Growth

•   Project Syndicate(Mohamed A. El-Erian): The Inflation Catch-Up Game

•   Project Syndicate(Evan Gunter, Abby Latour): The Risks and Opportunities of Private Debt

•   FT(Edward Luce): Joe Biden’s real opponents are special interests

•   FT(Martin Sandbu): How vulnerable are Poland and Hungary to EU financial pressure?

•   FT(Robert Armstrong): Strong earnings outweigh a slower economy

•   FT(Lex): Evergrande: failed asset sales bring formal default closer

•   WSJ(Editorial Board): The $2 Trillion Is Phony Too

•   WSJ(John Greenwood, Steve H. Hanke): The Monetary Bathtub Is Overflowing

•   WSJ(Joseph C. Sternberg): Oops, Boris Johnson Told the Truth About Climate

•   WP(Henry Olsen): The trucking industry is in crisis. Here’s how government can help.

•   WP(Josh Rogin): The U.S. government is rushing to resume risky virus research. Not so fast.

•   WP(Marc A. Thiessen): Biden wants you to believe shortages and inflation are another ‘extraordinary success’

•   Bloomberg(Marcus Ashworth): No Doves Cry as Weidmann Flies the Central Bank Coop

•   Bloomberg(Liam Denning): Energy Crisis: There's No Such Thing As Secure Energy

•   Bloomberg(Anjani Trivedi): Tesla Made a Smart Bet on EV Batteries in China. It's Paying Off.

•   Bloomberg(Matthew Yglesias): The Murkowski-Manchin Party Could Break Washington's Gridlock

•   Bloomberg(Richard Cookson): Climate Change: Shunning Fossil Fuels Too Soon May Prove Catastrophic