Business Intelligence Monitor 211201

(Introduction)

[Markets]

•   Global: Stocks, oil slide as Omicron worries push investors to safe havens

•   US: Treasury Curve Flattest Since March 2020 as Powell Spurs Bets

•   Turkey: Lira Falls to Record Low After Powell Hints at Faster Tapering

•   Natural gas: European Gas Prices Surge Above 100 Euros With Eyes on Russia

•   Metals: Copper hits two-week low on Omicron uncertainty and Fed comments

•   Iron ore: Dalian iron ore price up on restocking demand

•   Grains: Wheat extends slide as Omicron coronavirus fears grow

•   DRAM: 11월 메모리반도체값 보합…내년 2분기 반등 전망

•   한국: 코스피, '오미크론 우려'에 털썩…연중 최저치

※   한경: "코스피 2750까지 추가 하락할 수도"

•   한국: 카카오그룹, LG·현대차 제치고 시총 3위 등극

•   한국: 오미크론도 못막는 LG이노텍의 질주···40만원까지 가나

•   한국: 두산그룹주 대체로 내려, 두산중공업 오리콤 4%대 떨어져

[Indicators]

•   US Sep. Case–Shiller home price: U.S. Home-Price Growth Decelerated in September

•   US Nov. Consumer confidence: U.S. Consumer Confidence Fell to a Nine-Month Low in November

※   Conference Board index declines to 109.5 from 111.6 in October

•   US Weekly Oil Inventories(EIA): Cushing Crude Inventories Are Rising As Oil Prices Fall

•   Eurozone Nov. CPI: Record eurozone inflation of 4.9% puts pressure on ECB

※   Anxiety grows over central bank policies as consumer prices continue to rise

•   Germany Nov. Employment: German Joblessness Extends Drop as Companies Rush to Fill Orders

•   China Nov. PMI: China’s Manufacturing Rebounds With Signs Inflation Easing

※   Non-manufacturing index slows slightly on weaker services

•   Japan 2020 Population: Japan's population drops to 126m in 2020 census, down 0.7% vs. 2015

•   Japan Oct. Industrial production: Japan's Oct. industrial output rises 1.1% on month

•   Japan Oct. Employment: Japan's Oct. jobless rate improves to 2.7% as virus emergency lifted

•   India Q3 GDP: India's Q2 GDP grows at 8.4% as economic activity recovers after second virus wave

•   India Oct. Core industry production: Eight core sectors' output grows to 7.5% in October

•   Brazil Sep. Employment: Brazil Unemployment Falls More Than Expected on Slow Recovery

•   Canada Oct. Economic activity: Canada Third Quarter GDP: Consumer Cash Underpins Sturdy Economic Recovery

•   Turkey Q3 GDP: Turkish economy grows 7% in third quarter

•   한국 10월 산업활동: 10월 생산 1년반만에 최대폭 감소…조업일 줄고 공급망 차질

•   한국 10월 사업체노동력: 임금상승률 반토막···임시일용직의 눈물

[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

•   FT: Inflation tracker: the latest figures as countries grapple with rising prices

•   CNN: Tracking America's recovery

•   Bloomberg: Global PMI Tracker

•   Bloomberg: The Covid Resilience Ranking

[News]

•   WSJ: Powell Warns Elevated Inflation Justifies Faster Reduction of Bond Purchases

※   ‘The risk of higher inflation has increased,’ the Fed chairman tells lawmakers

•   WSJ: Covid-19 Variant Omicron Threatens U.S., Global Economies

※   Latest virus strain could slow global growth but any hit is likely to be modest, economists say

•   WSJ: Omicron Risks Infecting Vaccinated People But May Not Cause Them Severe Illness

※   Some scientists say the virus will likely remain vulnerable to immune cells; ‘Don’t freak out,’ says BioNTech co-founder

•   WSJ: Covid-19 Antibody Drugs Are Challenged by Omicron, Preliminary Testing Indicates

※   Regeneron said its antibody drug cocktail was found to lose effectiveness against the new variant

•   WSJ: Merck’s Covid-19 Pill Under Review by FDA Advisers

※   Endorsement of molnupiravir, from Merck and partner Ridgeback, could open the door for FDA authorization before the end of the year

•   WSJ: Scientific Understanding of Omicron Lags Behind Policy Response

•   WSJ: Omicron Variant Adds Urgency to Covid-19 Vaccine Talks, WTO Chief Says

•   WSJ: Omicron Variant Starts to Hit Travel, Business Flights and Events

•   WSJ: What the Omicron Variant Means for Travel Restrictions and Bans

•   WSJ: Gas Prices Pressure Drivers’ Finances

•   WSJ: Fannie Mae, Freddie Mac to Back Home Loans of Nearly $1 Million

•   WSJ: White House Considering Richard Cordray as Top Fed Banking Regulator

•   WSJ: America’s Power Plants Are Low on Coal

•   WSJ: Iran’s Nuclear Enrichment Could Imperil Talks, Diplomats Say

•   WSJ: Leaked Documents Detail Xi Jinping’s Extensive Role in Xinjiang Crackdown

•   WSJ: Omicron Uncertainty Will Linger a While

•   WSJ: Lesson One From the Omicron Drop: Markets Don’t Like Bad News

•   WSJ: Falling Dollar Shows Resurgence of Infamous Carry Trade

•   WSJ: Oil Companies Got Their Hedges Clipped

•   NYT: Fragmented Reactions Hinder Global Fight Against Omicron Variant

•   NYT: China’s Silence on Peng Shuai Shows Limits of Beijing’s Propaganda

•   NYT: Weak Recovery Leaves India’s Middle Class Anxious and Frugal

•   NYT: South African Company Nears License to Sell J. & J. Covid Shot Across Africa

•   NYT: Judge Delays Aung San Suu Kyi Trial in Myanmar

•   NYT: The head of Meta’s cryptocurrency efforts is leaving the company.

•   NYT: Supply Chain Problems Have Small Retailers Gambling on Hoarding

•   WP: As Biden pushes to end the pandemic, omicron’s emergence points to a longer struggle

•   WP: How Biden and Trump actually compare on coronavirus deaths

•   WP: Biden could soon end the Iraq War (no, really)

•   WP: Biden’s ‘aggressive’ use of a tax loophole he’s trying to shut down

•   WP: Federal Judge Matthew Schelp in Missouri halts Biden’s vaccine mandate for health workers

•   WP: Omicron was in Netherlands before South Africa raised alarm about new coronavirus variant

※   Experts caution, though, that the variant could have originated elsewhere.

•   FT: Putin warns Nato against crossing ‘red lines’ in Ukraine

※   New hypersonic missiles will enter service next year, says Russian president

•   FT: The inside story of the Pfizer vaccine: ‘a once-in-an-epoch windfall’

•   FT: Moderna chief predicts existing vaccines will struggle with Omicron

•   FT: Vaccine makers split on protection against Omicron variant

•   FT: ‘The world is watching South Africa’: health experts sift Omicron clues

•   FT: How the EU plans to counter China’s investment strategy abroad

•   FT: Eric Zemmour declares bid for French presidency

※   Anti-immigration polemicist laments decadence and says people feel like strangers in their own country

•   FT: Greece to curb coal use by 2028 as part of climate law

•   FT: Boris Johnson pledges Covid booster jabs for all adults by end of January

•   FT: UK companies adopt new office rules in response to Omicron variant

•   FT: PM orders UK energy companies to speed up repairs after Storm Arwen

•   FT: Omicron could keep inflation high for longer, says BoE policymaker

•   FT: Biden faces US legislative logjam in run-up to Christmas

•   FT: Biden’s methane rules could face a decade of delays

•   FT: Semiconductor nationalism is on the rise across Asia

•   FT: China cuts finance pledge to Africa amid growing debt concerns

•   FT: What are central bank digital currencies?

•   FT: Which real-world assets are being tokenised?

•   FT: Who owns the most cryptocurrency?

•   FT: Texas farmers reap benefits of boom in solar and wind power

•   Bloomberg: U.S. May Tighten Travel Rules to Fight Omicron, CDC Head Says

※   The agency is looking measures such as narrowing the testing window for travelers into the country and adding quarantine requirements in certain cases

•   Bloomberg: Americans Think Job Market Is Getting Better But See US Economy Getting Worse

•   Bloomberg: Number of H1-B Visa Immigrant Workers Drops Most in a Decade

•   Bloomberg: Germany Mulls Lockdown on Unvaccinated as Europe Clamps Down

※   Incoming vice chancellor backs proposal for tougher curbs

•   Bloomberg: Scholz Says Germany Is Poised to Act If Inflation Fails to Ease

•   Bloomberg: Germany Moves Toward Mandatory Covid Shots as Europe Clamps Down

•   Bloomberg: EU’s Gentiloni Sees No Reason for Economic Panic Over Omicron

•   Bloomberg: McGuinness Says EU Dependence on U.K. Clearing ‘Not Sustainable’

•   Bloomberg: China Basks in Covid-Zero Vindication as Omicron Closes Borders

•   Bloomberg: China’s Developers Face $12 Billion in Trust Payments This Month

•   Bloomberg: Chinese Banks Boost Short-Term Debt in Sign Lending to Pick Up

•   Bloomberg: Slump in China Gas Shows Spreading Impact of Property Slowdown

•   Bloomberg: China Vows Omicron Won’t Derail Beijing Winter Olympics

•   Bloomberg: Philippines Vaccine Mandate Sees Millions Facing Covid Test Fees

•   Bloomberg: Omicron Case in Japan Found in Man Returning From Namibia

※   Japan confirmed its first case of omicron variant as the nation closed its borders to new foreign entrants

•   Bloomberg: Omicron Variant: Brazil Finds Strain in First Latin America Cases

•   Bloomberg: Turkey's Erdogan Says Interest Rates Will Fall ‘Markedly’ Until Elections

•   Bloomberg: Bank of Russia Says 100 Basis-Point Hike Possible in December

•   Bloomberg: South Africa Bleeds Jobs as Riots Take Toll on Commercial Hubs

•   Bloomberg: Bank Indonesia Mulls Digital Currency as a Way to ‘Fight’ Crypto

•   Bloomberg: Copper Royalty Bill Passed in Initial Vote by Chilean Senators

•   Bloomberg: Fed Hike Bets Amped Up on Powell, Driving Treasury Yield Curve Flatter

•   Bloomberg: Debt Ceiling Concern Spurs Nervousness About Late December T-Bills

•   Bloomberg: Euro Bears Bide Their Time as Omicron Curbs Rate Bets for Now

•   Bloomberg: Lumber Firm Sees Shipments Plunge on Canada Floods

•   Bloomberg: Auto Executives See EVs at Half of Sales in Big Markets by 2030

•   Bloomberg: French Nuclear Boss Defends EDF Technology After Report of Flaw

•   Bloomberg: Musk Says SpaceX Bankruptcy Risk ‘Unlikely’ But Not Impossible

•   Bloomberg: Wanted: A Town Willing to Host a Dump for U.S. Nuclear Waste

•   Bloomberg: The Godfather of Wind Is Building a Floating Energy Revolution

•   Bloomberg: Battery Price Declines Slow Down in Latest Pricing Survey

•   Bloomberg: Rising Battery Costs Hit Carmakers, Threaten Climate-Change Push

•   Reuters: WHO's Tedros warns against over-reaction to Omicron

•   Reuters: WHO warns against blanket travel bans over Omicron coronavirus variant

•   Reuters: Fauci: Too soon to say if Omicron variant will lead to severe disease

•   Reuters: White House says work toward waiving COVID-19 vaccine intellectual property rights continues

•   Reuters: Fed's Clarida says high inflation seen this year is 'not a success'

※   "No one is happy when inflation is running at 4% or 5% when our goal is 2%,"

•   Reuters: France sends more police to Martinique to quell COVID unrest

•   Reuters: EU could approve shot against new coronavirus variant in 3-4 months

•   Reuters: Moody's sees German and French power prices normalising in 2023, 2024

•   Reuters: China's Xi pledges another 1 bln COVID-19 vaccine doses for Africa

•   Reuters: India promises more COVID-19 shots to Omicron-hit Africa after Chinese move

•   Reuters: Oil bound for gains as OPEC+ guards supply, but virus threat looms: Reuters poll

•   Reuters: Oil firms face workforce crunch as renewables beckon -survey

•   Reuters: Volvo Cars sees chip shortage extending into 2022, Q3 profit dips

•   Reuters: Analysis: Ready to pounce: Investors prepare for swings, opportunities as Omicron variant spreads

•   AP: Brazil president joins centrist party with election ahead

•   CNBC: Rolling back U.S.-China tariffs would ease inflation in the U.S., former Treasury secretary says

•   CNBC: Here's why unemployment claims hit their lowest level since 1969

•   CNBC: Climate change and geopolitical instability: 11 high-risk countries

•   CNBC: Ray Dalio says cash is not a safe place right now despite heightened market volatility

•   CNBC: Omicron fears could shift spending away from experiences, trade group says

•   CNBC: Strategists urge investors to look through omicron volatility and stay the course

•   MarketWatch: These are Wall Street’s 20 favorite stocks as the Fed’s Powell jolts the market with taper talk

•   SCMP: China’s Covid-19 port quarantine for shipping crew stokes delays ahead of Lunar New Year

•   SCMP: China’s BeiDou in race with Nasa over laser communications in space

•   Global Times: China's economic growth to exceed this year's target: Vice Premier Liu He

•   Global Times: China-Russia govt heads stress strategic consensus to jointly deal with external pressure at regular meeting

•   Global Times: China urges US to lift illegal sanctions on Iran and third parties, as talks on nuke deal resume

•   Nikkei Asia: Japan's shrinking labor pool sharpens quest for productivity

•   Nikkei Asia: Japan goes on high alert after first omicron case detected

•   Nikkei Asia: Shionogi and Daiichi Sankyo join hunt for omicron vaccine

•   Nikkei Asia: Biden's China playbook: Cooperation or confrontation?

•   Mainichi: Japan recession lasted for 19 months through May 2020: gov't panel

•   Mainichi: BOJ chief says he does not view tackling climate change as 'cost'

•   Economic Times: Q2 GDP numbers encouraging, looking forward to double-digit growth in 2021-22: PHDCCI

•   Power Engineering: Renewables account for 20% of U.S. electricity generation through Q3 2021

•   OilPrice.com: OPEC+ Expects Global Oil Inventories To Surge

•   Robot Report: Why industrial robot component manufacturers should target cobots

•   매경(P1): [단독] 부모님 집 지분 16% 상속 받았는데…종부세 두배 '폭탄'

•   매경: "멀쩡히 계시는 모친께 집 팔자 해야하나"…종부세 대혼란

•   매경: "일시적 2주택인데"…부부 공동명의라고 종부세 두배 내라니

•   매경(P1): "배달 뛰지, 미쳤다고 알바 하냐"…시급 2만원 줘야 겨우 구인

•   매경: 상속세 10년에 나눠내고 미술품으로 대납도 가능

•   매경: "졸지에 건보료 폭탄" 집값 급등에 2만4천명 날벼락

•   매경: 현대차 노조까지 MZ세대에 줄섰다

•   매경: 삼성전자 3대 부문장…모두 유임으로 가닥

•   매경: 삼성, 차세대 차량용 반도체 3종 공개

•   매경: LG전자 'OLED 뚝심' 통했다

•   매경: "우리 부처 어떻게 되는거야?" 뒤숭숭한 세종시 공무원들

•   매경: "나도 살까" 가상부동산 열풍…거품 논란도

•   매경: [2022 유망 주식] 기지개 켜는 반도체, 호랑이 증시 이끈다

•   매경: "상장사 영업이익 증가…내년 코스피 최대 3400P 갈수도"

•   매경: "오미크론 영향 단기적일 것…내년 상반기 반도체, 하반기 車 주목"

•   한경(P1): "다주택자 양도세 일시인하 검토"

•   한경(P1): '탄소중립' 본격화 되자…"다시 원전" 외치는 세계

•   한경: "원전은 안정적 전력" vs "친환경 아니다"…둘로 나뉜 유럽

•   한경: "우리도 원전 짓겠다"…'체르노빌 악몽' 세르비아마저 나섰다

•   한경: 미국인 59%가 "원전 지지"…3년 前보다 10%P 늘었다

•   한경: 김동연 "4년 중임제 개헌…분권형 대통령제로 가야"

•   한경: "與, 50조 손실보상 추진 땐 협조"

•   한경: 2050년 모든 사업장 탄소중립…현대두산인프라 업계 첫 선언

•   한경: 내년부터 상장 심사 때 기업 'ESG 체력' 검증

•   한경: 얼어붙은 신재생에너지株, 내년 '쨍하고 해뜰날' 오나

•   한경: 아파트 매매시장 양극화 '역대 최고'…상위 20%, 하위 20%의 9.3배 비싸

•   한경: LG전자 CES 키워드는 'AR·VR'

•   서경(P1): 정부는 '탈탄소' 외치지만···정작 수익은 석탄·원전뿐

•   서경: 신재생 손실규모 '火電 수익 30배' 달하기도···"에너지믹스 다시 짜야"

•   서경: 겨울비에 가려진 태양광 전력···원전 10기 발전 규모로 메웠다

•   서경: 송영길 "원전 무섭다고 도망가면 안돼"

•   서경: 방역 강화땐···한은, 통화정책 방향 고민해야

•   서경: 만성 적자 벗어난 서비스수지, 반짝 회복 그치나

•   서경: 조세연 “노인 공공일자리 사업이 민간 일자리 줄인다”

•   서경: “해외 전기차 공략 확대” 뭉칫돈 푸는 일진머티리얼즈

•   조선: 내일 중국 가는 서훈, 종전선언 논의하나

•   조선: “中企의 99%는 오너가 대표… 재해 처벌땐 문닫아야”

•   조선: 18년만에 벌어진 일...가계대출 금리가 기업대출보다 0.5%포인트 이상 높다

•   조선: “소형 원전을 미래 성장 동력으로”

•   조선: 포스코, 지주회사 전환 추진

•   조선: 전기차 보조금 내년엔 확 줄어... GV60, 600만원 더 줘야 산다

•   조선: 사람 없는 무인매장… “살려주세요” 외침도 알아듣는다

•   조선: 서울 아파트 전세가율 2012년 이후 최저...내년 전세 가격 크게 오를수도

•   조선비즈: 美 Fed 긴축에 오미크론發 충격까지…내년 원·달러 환율, 1200원에서 시작하나

•   조선비즈: 네이버 메타버스 생태계 확장…소뱅·하이브 등에 2200억원 투자 유치

•   TV조선: [단독] 한미 국방장관 성명에 최초로 '대만 문제' 포함 협의

•   중앙(P1): 미군 아파치 대대·2사단 포병 본부, 한국에 상시 주둔

•   중앙: RCEP 비준안 제출 1년 뭉갠 산업부, 한국 ‘관세 왕따’ 됐다

•   중앙: 대출총량 규제의 역설…은행·2금융권 주담대 금리 역전

•   동아(P1): 5000명 안팎 확진… 오미크론 의심 4명 발생

•   동아: 병상 부족, 수도권 → 전국 확산… “오미크론 유입땐 감당 어려워”

•   동아: 70세 이상도 재택치료… 위중증 급증 우려

•   동아(P1): 2030세대 절반 대출 받아… “금리 5%넘으면 감당못해”

•   한국: '더 늦기 전에'…정부, 탄소중립 주간 운영 "피할 수 없는 과제"

•   국민: 서울 집값 잡으려다 ‘탈서울’ 부추겨… 경기도 아파트값 평균 6억원 넘어섰다

•   서울: 금융연 “한국, 최악 땐 2045년 잠재성장률 -0.56%”

•   서울: S&P 만난 홍남기 “부동산 안정세 지속… 재정관리 강화”

•   한겨레(P1): 교도소 쉼터, 산악열차…황당한 ‘기후대응기금’ 사업

•   경향: 유럽 패키지 줄줄이 취소…‘오미크론 공포’ 덮친 여행·항공업

•   머니투데이(P1): "구글·아마존과 전쟁중인데"...네이버·카카오 규제법에 학계도 비판

•   헤럴드경제(P1): 민간 사전청약 첫 공급 연말까지 6000가구

•   파이낸셜뉴스(P1): 결국 해넘기는 항공 빅2 결합[항공 빅2 결합심사 표류 '멀고 먼 메가캐리어 꿈' (上)]

•   파이낸셜뉴스: 메타버스·NFT기업 CB 발행에… 기관들, 뭉칫돈 넣었다[전환사채 시장도 '신산업']

•   아시아경제(P1): 반도체특별법 공회전…불안한 '초격차 미래'

•   아시아경제: 내년 한국 증시 EPS 증감률 마이너스 쇼크 "최상위서 꼴찌 전락"

•   디지털타임스: 전기차용 전력반도체 국산화로 자체 공급

•   디지털타임스: 한숨돌린 해운업계, 오미크론에 또 긴장

•   이데일리: '공급망 위기' 바이든은 왜 유독 삼성을 챙기나

•   이데일리: 조정장에도 레버리지 취한 시장…불나방된 개미

•   이데일리: QD 앞뒀는데…삼성-LG 'OLED 동맹설' 왜 또 나오나

•   이데일리: 하락장에 베팅…대차거래 잔고 80조원 육박

•   연합: 'ESG경영 외치지만' 대기업 10곳 중 4곳, 준법지원인 선임 안 해

•   연합: WSTS, 내년 메모리반도체 시장 성장률 절반 이하로 하향

※   WSTS: WSTS Semiconductor Market Forecast Fall 2021

•   뉴시스: [일문일답]이동걸 "두산건설 매각, 두산중 재무 개선에는 한계"

※   내년 초 완료 예정인 유상증자를 포함해 두산중공업이 진행하고 있는 재무구조 개선 결과가 계획대로 원활히 이루어질 경우, MOU 종결에 대해 외부기관의 재무진단을 거쳐 종합적으로 검토할 것

•   뉴시스: 무디스 "두산중공업 유상증자, 두산밥캣 신용도에 긍정적"

•   더구루: [단독] 현대차·기아, 英 수소테크 '하이록'에 베팅…HGEN도 참여

•   에너지경제: "올 겨울 센 한파 온다는데…" 탄소중립 추진 속 LNG 발전 딜레마 더 커진다

•   에너지경제: 6천억 규모 송도 연료전지사업 본격화…"내달 발전사업 허가·주민참여 유치"

•   에너지경제: 한수원, 프랑스 원전해체 기업과 손잡고 원전해체 본격 시동

•   에너지경제: "탄소중립 위해 에너지 전환 분야 등 신규 국가표준 100종 개발 추진"

•   에너지경제: [인터뷰] 임춘택 에너지경제연구원장 "온실가스 감축 속도, 산업별 강약 조절 등 '맞춤 전략' 필요"

•   전자신문(P1): LG전자, '차량용 반도체' 만든다

•   전자신문: [스페셜리포트]삼성 QD디스플레이 양산...韓 OLED 독주 발판

•   전자신문: [스페셜리포트]TV 시장 '피크아웃' 속 OLED 나홀로 성장

•   전자신문: 국내 발전용 연료전지 설비 세계 최초 700MW 돌파…청정수소 전환도 속도 내야

•   ZDNet Korea: 삼성폰, 유럽·북미 1위 탈환…수익은 '비상'

•   ZDNet Korea: 5G 가입자 2천만 시대 열었다

[Opinions]

•   Project Syndicate(Howard Davies): The Sustainability Standards Battle

•   Project Syndicate(Kemal Derviş): Europe's Two Peace Missions

•   Project Syndicate(Andrew Sheng, Xiao Geng): Building a One-Earth Balance Sheet

•   Project Syndicate(Otmar Issing): The High Stakes of Rising Inflation

•   FT(Editorial Board): Markets and Omicron: more questions than answers

•   FT(Martin Wolf): Lessons in ‘levelling up’ from the Basque country

•   FT(Janan Ganesh): Joe Biden’s democracy summit risks flattering the enemy

•   FT(Robert Armstrong): Could the US follow Austria on Covid?

•   FT(Tal Reback): Why US companies need to stop using Libor right now

•   FT(Michael Stott): Three shocks unsettle business confidence across Latin America

•   WSJ(Editorial Board): The Omicron Non-Emergency

•   WSJ(Editorial Board): Biden Joins the Lumber Trade Wars

•   WSJ(Editorial Board): The Erdogan Lira Crisis

•   WSJ(Walter Russell Mead): Global Free Trade Is in Crisis

•   WSJ(DJ Nordquist, Dan Katz): Where Did That IMF Covid Money Go?

•   NYT(Paul Krugman): What Europe Can Teach Us About Jobs

•   NYT(Paul Krugman): Does Europe's Lower Inflation Hold Lessons for America?

•   WP(Catherine Rampell): Florida, Iowa, Kansas, Tennessee pay people not to get vaccinated

•   WP(Kathleen Parker): I hope we are overreacting to the omicron variant

•   WP(Micheline Maynard): Economists may be upbeat, but consumers don’t live by data points

•   Bloomberg(Brian Chappatta): Markets Race to Process Latest ‘Powell Pivot’

•   Bloomberg(John Authers): Follow the Money, Not Omicron, to See Where Surging Demand Will Lead Inflation

•   Bloomberg(Shuli Ren): Could Taiwan Be the Next Crisis That Delays Your Retirement?

•   Bloomberg(Chris Bryant): Climate Finance: Are Hedge Fund Carbon Bets in Europe Naughty or Nice?

•   Bloomberg(Jonathan Bernstein): How Democrats Learned to Expect the Worst

•   Bloomberg(Andreas Kluth): Omicron Has a Lot of Unknowns and Waiting for Answers Leads to Anxiety

•   CNN(Joseph Stiglitz, Lori Wallach): The pandemic will continue to rage as long as the WTO keeps bickering over vaccine rules

•   MarketWatch(Peter Morici): Republicans should force Biden to spend less in coming debt-ceiling showdown

•   매경(송민근): 탄소중립, 과속스캔들 오명 벗으려면

•   동아(송철호): 부유식 해상풍력으로 살 길 찾다

Business Intelligence Monitor 211130

(Introduction)

[Markets]

•   Global: Wall Street rebounds after virus-linked sell-off

•   Natural gas: Natural Gas Plunges 11% on Demand-Killing U.S. Weather Outlook

•   Metals: Copper firms as low inventories outweigh Omicron fears

•   Iron ore: Iron Ore Futures Jump on Optimism Over China’s Steel Mills Restocking

•   Grains: Wheat drops as dollar edges higher

•   한국: '오미크론' 우려에 코스피 2,900선 턱걸이…천스닥 붕괴

•   한국: 두산그룹주 하락 우세, 두산중공업 13%대 두산 8%대 급락

[Indicators]

•   US Oct. Pending home sales: U.S. Pending Home Sales Rebound to Highest Level of the Year

•   US Nov. Dallas Fed manufacturing Index: Texas Manufacturers Are Boosting Wages as Inflation Pressures Rise

•   Eurozone Nov. Economic sentiment: Euro-Area Economic Confidence Retreats as Consumer Mood Slips

•   Germany Nov. CPI: German inflation of 6% adds to pressure on ECB

•   Japan Oct. Retail sales: Japan Oct retail sales boosted by fuel-price spike, broad trend still soft

•   Vietnam Nov. Balance of trade: Vietnam Sees Surge in Nov. Exports After End of Lockdowns

•   한국 2020 인구주택총조사: 전셋값 상승 등에···지난해 서울서 26만명 빠져나가

•   한국 11월 주택시장 동향(KB): 서울 평균 집값 9억원 넘었지만···"가격 떨어진다" 하락 전망 우세

[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: CDC Says Everyone 18 and Older Should Get Covid-19 Booster Due to Omicron Variant

※   New York City broadens mask advisory, reflecting potential risks posed by new variant

※   President Biden said Monday that his administration was working with officials at Pfizer Inc., Moderna Inc. and Johnson & Johnson to develop contingency plans for vaccines or boosters

※   “This variant is a cause for concern, not a cause for panic,” he said.

•   WSJ: Omicron Variant Has Covid-19 Vaccine Makers Preparing for Worst Case

※   Testing just started, but drugmakers have expressed concern that Covid-19 vaccines won’t work as well against the new strain

•   WSJ: Omicron Disrupts Reopening Plans Across Asia

•   WSJ: Omicron Variant Prompts Governments to Push Covid-19 Boosters

•   WSJ: For Covid-19 Vaccine Doses, Should There Be More Time Between Shots?

•   WSJ: Pentagon Plans to Improve Bases in Guam and Australia to Confront China

•   WSJ: Biden Administration to Redirect Rental-Assistance Funds to Areas With Greater Demand

•   WSJ: Omicron Variant Drives Rise in Covid-19 Hospitalizations in South Africa Hot Spot

•   WSJ: Iran Doubles Down on Demands as Nuclear Talks Resume

※   Negotiations in Vienna aim to address steps Iran and the U.S. will take to revive the 2015 nuclear deal

•   WSJ: Turkey’s Lira Crisis Exposes Reliance on Imported Energy

•   WSJ: Workers Quit Jobs in Droves to Become Their Own Bosses

•   WSJ: Nissan to Spend $17.6 Billion on Battery-Powered Vehicles Over Five Years

•   WSJ: Nissan, Burned by Experience, Shuns Bold EV Forecasts

•   NYT: Made in the U.S.A., but With a Supply-Chain Reboot

•   NYT: Millennials Confront High Inflation for the First Time

•   NYT: Omicron carries scary mutations. That doesn’t mean they work well together.

※   Mutations can work together to make a virus more fearsome, but they can also cancel one another out. This phenomenon, called epistasis, is why scientists are reluctant to speculate on Omicron.

•   NYT: A changing climate is buckling concrete and flooding roads. States are moving slowly to guard the nation’s infrastructure.

•   NYT: Hunt for the ‘Blood Diamond of Batteries’ Impedes Green Energy Push

•   NYT: Europe Revisits Nuclear Power as Climate Deadlines Loom

※   While wind and solar ramp up, several countries, including France and Britain, are looking to expand their nuclear energy programs. Germany and others aren’t so enthusiastic.

•   WP: WHO warns omicron coronavirus variant poses ‘very high’ global risk

※   “The likelihood of potential further spread of Omicron at the global level is high,”

•   WP: As omicron emerges, a tired public has little appetite for new restrictions

•   WP: Red America has seen the highest rates of cases and deaths and the lowest rate of vaccinations

•   WP: Coronavirus posturing is the new Trumpism

•   WP: U.S. won’t meet electric-vehicle targets without semiconductor investment

•   WP: Threat of Russian invasion of Ukraine tests Biden administration

•   WP: Pfizer poised to request authorization for coronavirus booster for 16 and 17 year olds

•   FT: Omicron’s economic impact expected to be only small, analysts say

※   Initial assessment based on growing ability of economies worldwide to adapt to Covid waves

•   FT: EU plans €300bn global infrastructure spend to rival China

※   Brussels wants Global Gateway proposals to help boost its influence worldwide

•   FT: Europe returns to travel bans amid spread of Omicron cases

•   FT: UK businesses warn of impact of new Covid variant in run-up to Christmas

•   FT: UK to expand Covid booster jab campaign to all adults

•   FT: UK’s energy system is ‘broken’, warns industrial group

•   FT: BoE concerned cladding crisis poses risk to UK financial stability

•   FT: Planning for second Scottish independence vote to start next year, says Sturgeon

•   FT: US watchdog demands information from nine companies in supply chain probe

•   FT: Some quiet relief as Covid aborts the WTO ministerial

•   FT: Beijing targets Taiwanese companies with operations in China

•   FT: Investors rush into private markets in search of returns

•   FT: Brussels criticised over plan for capital markets databases

•   FT: Gazprom reports record profits, and forecasts further bonanza

•   Bloomberg: Omicron Risks New Inflation Headache for Global Central Bankers

•   Bloomberg: Omicron Variant Symptoms Differ to Delta, Doctor Who Spots New Strain Early Says

•   Bloomberg: Economists Game Out How Omicron Will Hurt the Global Recovery

•   Bloomberg: Powell Says Omicron Adds Economic Risks, Inflation Uncertainty

※   Senate testimony doesn’t discuss tapering of bond purchases

•   Bloomberg: Omicron Undetected in U.S. So Far, Testing Biden Sequencing Plan

•   Bloomberg: Showdowns Loom Over Debt Limit, Shutdown, Biden Agenda

•   Bloomberg: Atlanta's Economic Boom Makes It Epicenter of U.S. Inflation Surge

•   Bloomberg: Why Job Openings Are Surging, Even With So Many People Out of Work: Transcript

•   Bloomberg: White House Discourages Firing Unvaccinated Workers Before 2022

•   Bloomberg: Bundesbank Chief Shortlist Down to Nagel, Schnabel, Two Others

•   Bloomberg: ECB Tries to Reassure Citizens That Spike in Living Costs Won’t Last

•   Bloomberg: ECB Outlook to Show Higher Inflation Peak Before Stimulus Review

•   Bloomberg: Germany’s Merkel, Scholz to Discuss Covid Strategy With State Leaders

•   Bloomberg: China Won’t Invite U.S. Politicians to Olympics, Report Says

•   Bloomberg: China Faces More Growth Risks, Increased Policy Support in 2022

•   Bloomberg: China’s Economy Likely Remained Weak as Factories Slump

•   Bloomberg: China Needs Cut to Inequality for Common Prosperity: PBOC’s Cai

•   Bloomberg: China’s Xi Pledges 1 Billion Additional Vaccine Doses to Africa

•   Bloomberg: Omicron Variant Delays Africa Forum Set to Unveil $110 Billion of Deals

•   Bloomberg: Lockdown Probably Sent Australia Economy to Second-Biggest Slump Ever

•   Bloomberg: India’s Spending Helps Fuel Growth as Risks From New Variant Loom

•   Bloomberg: Omicron Cases in Hong Kong Won’t Impact Border Reopening With China

•   Bloomberg: Cargo Ships Waiting at LA Ports Are Skipping Oakland And Returning to Asia

•   Bloomberg: California Port Backups: Shipper Offers Cash to Help Clear Containers

•   Bloomberg: 10 Strategists Say Omicron Turmoil Is Overdone as Stock Bounce Back

•   Bloomberg: Europe’s Cash Glut Is Spilling Into Already Stuffed U.S. Markets

•   Bloomberg: Vale Sees Beijing Olympics as Key for Iron Ore Turnaround

•   Bloomberg: Aramco CEO Stays Bullish on Oil Demand After Friday’s Price Rout

•   Bloomberg: IEA’s Birol Says Energy Producers Are Key Cause of Price Spike

•   Bloomberg: China's Companies Are Going to Any Length for a Hold on Lithium

•   Bloomberg: Climate Actions in China Face Challenges From Rising Ultra-Nationalism

•   Bloomberg: Global Economy Can Grow If World Warms Less Than 1.5°C, Study Says

※   Nature: Current and future global climate impacts resulting from COVID-19

•   Bloomberg: BP Plans Green Hydrogen Base in U.K. as Transition Speeds Up

•   Bloomberg: Oil Guzzling Shipping Still Short of 1.5°C After Climate Talks

•   Reuters: Fauci says can't predict if Omicron will become dominant variant in U.S.

•   Reuters: Russia, Saudi signal no rush on Omicron ahead of OPEC+ meeting

•   Reuters: EU reaches for hydrogen stars as economics shift

※   The cost of producing green hydrogen with renewable energy is set to fall and the capacity to produce it in Europe and nearby countries will likely surpass current targets by 2030

•   Reuters: U.S. labor board official orders Amazon to redo union vote at Alabama warehouse

•   Reuters: Record number of U.S. firms change tack on political spending after Jan. 6 attack

•   Reuters: French economic growth is solid, says finance minister despite new COVID wave

•   Reuters: Inflation reached its peak in November - ECB's Schnabel

•   Reuters: Explainer: U.S. gasoline prices could fall below $3 if oil market sustains losses

•   Reuters: Analysis: Scientists ask whether Omicron can outrun Delta

•   AP: Omicron brings COVID-19 vaccine inequity ‘home to roost’

•   CNBC: Biden ready to release more oil reserves to cool price: Amos Hochstein

※   “This is a tool that was available to us and will be available again,”

•   CNBC: Moderna CEO says it will take months to clear a new Covid vaccine targeting omicron

※   Moderna CEO Stephane Bancel told CNBC that it could take months to develop and ship an omicron specific vaccine, but a higher dose of its booster could be ready much sooner.

•   CNBC: China could double down on its zero-Covid approach amid concerns about omicron, analysts say

•   MarketWatch: Oil could hit $150 a barrel with OPEC+ 'in the driver's seat': J.P. Morgan

•   SCMP: China’s property tax causing sleepless nights for homeowners as Beijing walks the ‘tightrope’

•   SCMP: China’s Sinovac ready to produce targeted Omicron vaccine ‘if necessary’

•   SCMP: US-EU press on with plan to tackle ‘dirty’ Chinese steel flooding markets

•   SCMP: China’s economic arsenal has ‘more ammunition’ than other countries as 2022 uncertainties around Covid-19 and economy loom, policy advisers say

•   SCMP: What one-child policy? As India’s population growth slows, China-style controls on births called into question

•   Nikkei Asia: Japanese power companies bet on 'zero-emission thermal'

※   Industry tries to buy time for fossil fuel plants as pressure to go green mounts

•   Nikkei Asia: Japan struggles to nail down Kishida visit to White House

•   Nikkei Asia: Auto chip shortage shows new sign of easing as inventories rise

•   Nikkei Asia: China-Pakistan Belt and Road Initiative hits buffers

•   Mainichi: Toyota's Oct. global output sinks 25% as parts crunch continues

•   Economic Times: GDP seen growing at 8.3% in Q2, 9.4% full year: Report

•   Economic Times: CFOs optimistic about economy, business growth in FY22: Deloitte India survey

•   Economic Times: India Q2 GDP preview: Signs economists will be looking for

•   Power Engineering: What to make of the carbon capture pipeline boom - Power Engineering

•   OilPrice.com: Russia Warns The U.S. Not To Interfere With Nord Stream 2

•   MINING.com: CHART: Dwindling copper, zinc, nickel stocks could shield prices from Omicron impact

•   DIGITIMES: New IC fab projects to draw government subsidies in Japan

•   DIGITIMES: Global NAND flash output value surges 15% in 3Q21, says TrendForce

•   Dronelife: This Flying Car is Commercially Available – for Only 4 Million Euros

•   매경(P1): 1주택 12억까지 양도세 비과세

•   매경(P1): 외식물가 高高 '배달플레이션'

•   매경: 10분거리 배달료가 9000원…"치킨 피자 사먹기도 무섭네"

•   매경: 월급빼고 다 올랐다…장바구니 물가도 '빨간불'

•   매경: 석탄화력 포기 않는 日…따가운 시선에도 2030년 전력 19% 의존 [글로벌 이슈 plus]

•   매경: 멈춰선 원전 재가동 고민하는 일본…노후원전 규제완화 움직임 [글로벌 이슈 plus]

•   매경: 탈탄소 정책에 LNG발전 급증…한파 앞두고 전기료 또 오를까

•   한경(P1): 삼성, 실리콘밸리식 인사혁신…30대 임원·40대 CEO 나온다

•   한경: "빅테크에 더이상 인재 못 뺏긴다"…반격 나선 삼성

•   한경: '가보지 않은 길' 가는 이재용…빠르고 유연한 조직문화 '승부수'

•   한경: 한 부서 5년 일하면 '사내 FA' 자격 부여…삼성전자 새 인사개편안

•   한경: 전기차 폐배터리를 ESS로 쓴다

•   한경: "올해 송년회는 메타버스에서"

•   한경: 수소株 다시 달리나…"2050년 수요 100배 늘 것"

•   서경(P1): 최태원, 한미일 경제안보 포럼 만든다

•   서경: "위기 계속된다" 업종 불문 M&A 폭발···PEF도 매물 쏟아내

•   서경: 해운·항공 운임에 안전운임까지 '물류비 압박'···"체감 인상률 60%"

•   서경: 한은 "오미크론, 최대변수 급부상···美 테이퍼링 속도 늦출 듯"

•   서경: "투자·세제 지원, 규제 개혁···기업 친환경 전환 뒷받침해야"

•   서경: 당정, 이재명표 입법·정책 속도···노동이사제 법안 냈다

•   서경: [단독] 이석희 “반도체 장비 미리 준비...부족 문제 없어"

•   서경: 철강·조선·방산도 CES 간다···혁신 찾아 라스베가스로 떠나는 중후장대

•   조선(P1): 병상 마련못해… 집에서 코로나 치료하라는 정부

※   복지부: 코로나19 단계적 일상회복에 따른 의료 및 방역 후속 대응계획

•   조선: 내달 2일부터 18세 이상 부스터샷 예약... 잔여백신 이용땐 예약 당일 접종 가능

•   조선: 집에서 체온·산소포화 직접 재야 … 의료계 “치료를 국민에 떠넘겨”

•   조선: 접종 증명 ‘백신 패스’ 식당·카페선 필요없고 10대에게도 적용 안해

•   조선: 원자재값 올랐는데 대출이자까지 인상… 위기의 중소기업

•   조선: ‘차등 성과급 500만원’에 시끌... 현대차가 불붙인 제조업 성과주의

•   조선비즈: 김동연 “대선 정국 혼탁…누가 당선돼도 변화 없을 것”

•   조선비즈: 애플, 6년만에 中 스마트폰 시장 1위…“화웨이 공백 흡수”

•   조선비즈: 인도로 향하는 반도체 투자 경쟁… 9조 공장 건설 검토하는 TSMC, 삼성은 아직

•   조선비즈: “경기·고용 지표 어쩌나”… 오미크론 공포에 홍남기號 기재부 ‘전전긍긍’

•   조선비즈: ‘5G보다 50배 빠른’ 6G 선점 나선 삼성·LG… 해외서 기술 시연

•   조선비즈: 한전, 내년도 기후환경요금 곧 책정… 전기요금 또 오르나

•   인베스트조선: 갈림길 접어든 LG-SK 배터리 조달 전략

•   중앙: 시름 커지는 자영업자들 “매출에 치명적 타격 올 수도”

•   동아(P1): “사회 첫발부터 빚투 인생”… 청년 부채비율, 중년 추월

•   동아: 삼성전자 “사내에선 서로 존댓말 사용 원칙”

•   동아: “정부 ‘탄소중립 목표’ 현실 외면”… 中企, 비용 부담에 비상 상황

•   한국: '배달로봇' 인도로 다닐 수는 있을까..도입 망설이는 유통업계

•   서울(P1): [단독] 저리대출의 역설… 현금서비스로 신용 낮추는 자영업자

•   서울: 예산 늘리는 與… “5조~7조 감액 후 지역화폐 등 더 많이 증액”

•   한겨레: 물가지수 집값 반영했더니 저물가·고물가 ‘롤러코스터’

•   머니투데이: "태양광 키운다"는 美·獨 새 기후정책…설레는 한화솔루션

•   머니투데이: [단독]신협도 가계대출 중단...새마을금고 등 2금융권 확산

•   더벨: 기준금리 인상에도 회사채 시장 온기 확산 기대감

•   파이낸셜뉴스(P1): 빌라 값도 꺾이나... 이달 상승세 주춤

•   아시아경제(P1): [머니무브 본격화]증시서 자금이탈…은행에 돈이 쌓인다

•   아시아경제: 돈이 도는 속도 역대 최저…역대급 쏟아부은 돈 어디로

•   아시아경제: 중대재해처벌법 시행 앞두고 '안전조직 키우기' 분주한 기업들

•   디지털타임스: 서울시 "무인자율버스·로봇택시 시대"

•   이데일리: ‘바다 위 테슬라’ 자율운항 선박…글로벌 조선업계 개발 박차

•   이데일리: "비용 부담 커졌지만…내년도 태양광 성장 '맑음'"

•   이데일리: "LCD 패널값 꺾였다"…삼성·LG, 사업철수 시기 앞당긴다

•   이데일리: ‘오미크론’ 변이 등장, 국내 기업들 ‘다가 백신’으로 돌파 가능할까

•   연합: 오후 9시까지 전국서 2천641명 확진…30일도 3천명 넘을듯

•   연합: 전경련 "수출액 올해 역대 최고…2024년 7천억달러 전망"

•   연합: 정부 "2030년 에너지혁신기업 5천개 육성…R&D 지원 확대"

•   연합: 한중, 오늘 경제공동위 화상회의…요소수·한한령 논의 주목

•   뉴시스: 두산건설 최대주주 변경, 신평사 시각은

•   더구루: [단독] 한수원, 체코 원전 '안보 평가답변서' 당국에 공식 접수…美·佛도 제출

•   농어촌방송: [단독] 육군훈련소 조리실에 '두산 로봇' 들어간다

•   에너지경제: 모듈가격 급등에 재생에너지 확대 '빨간불'…발전설비 공사 철회 속출

•   에너지경제: 환경부-업계, 녹색분류체계 법적 강제력 논란…"내년 시행 혼란 불가피"

•   에너지데일리: “그린피스, 대선 후보에 기후정책 7개 정책 아젠다 수용하라”

•   전자신문(P1): [단독]두산 4세 박재원, 실리콘밸리에 VC 설립

•   전자신문: 반도체 수급난 장비까지 불똥

•   전자신문: 탄소중립 발전 기술 개발, 수소·암모니아-해상풍력에 초점

•   ZDNet Korea: '슬라이딩' 디스플레이 적용된 '갤Z폴드' 나오나

[Opinions]

•   Project Syndicate(Helmut K. Anheier): A More Daring Germany

•   Project Syndicate(Nina L. Khrushcheva): Send Out the Clowns

•   Project Syndicate(Jean Pisani-Ferry): The End of the Economic Consensus

•   Project Syndicate(Hans-Werner Sinn): The End of Free Money

•   FT(Editorial Board): The gap between US spending and confidence

•   FT(Jim O'Neill): Twenty years on, the Brics have disappointed

•   FT(Martin Wolf): We must accept higher taxes to fund health and social care

•   FT(Gideon Rachman): Why China’s elite tread a perilous path

•   FT(Robin Wigglesworth): Markets are more fragile than investors think

•   FT(Robert Armstrong): Why junk bond yields are not so absurd

•   FT(Robert Armstrong): Is Omicron different for markets?

•   FT(Mary O'Sullivan): The economic lure of alternative worlds

•   FT(Claire Jones): Is a BoE rate hike off the cards?

•   FT(Jamie Powell): China’s population is shrinking, fast

•   FT(Lex): Omicron vaccines: booster shots will boost the mRNA pioneers

•   WSJ(James Freeman): Biden’s Partisan Pandemic History

•   WSJ(Thomas J. Duesterberg): The WTO’s Fast Track to Irrelevance

•   WP(Editorial Board): Enough games. Debt limit fights are as dangerous as they are dumb.

•   WP(Leana S. Wen): Biden is right to fight omicron with travel restrictions. But more must be done.

•   Bloomberg(Editorial Board): Nuclear Posture Review: U.S. Shouldn't Limit Its Options With 'Sole Purpose'

•   Bloomberg(David Fickling): Covid Vaccine Inequity Will Worsen Hesitancy and Lead to More Omicron Shocks

•   Bloomberg(John Authers): Omicron Risk Already Looks Priced In, But Inflation Is a More Stubborn Threat

•   Bloomberg(Marcus Ashworth): Central Banks Could Buy Time to Make Crucial Decisions Because of Omicron

•   Bloomberg(Matthew A. Winkler): Inflation Watch: Treasury Bond Investors Don't Register Alarm Over Rising Prices

•   Bloomberg(Clara Ferreira Marques): More Climate Technology Investment Is Needed to Get the World to Net Zero

•   Bloomberg(Bobby Ghosh): Iran Shows It Isn’t Serious About Nuclear Talks

•   Fox News(Marc Siegel): COVID omicron variant – how worried should you be?

•   Caixin: Why Yuan Is Likely to Stay Strong for a Long Time

•   Nikkei Asia(Peter A. Petri, Michael G. Plummer): Why South Korea should join the CPTPP

•   매경(유승훈): 화석연료 괄시하다 큰 코 다친다

•   문화(정용훈): 탈원전 ‘비용보전 계획’의 4大 위선