Joker's Google Blog: Business Intelligence Monitor 211108

(Introduction)

[Markets]

[Indicators]

• US Sep. Consumer credit: US consumer borrowing accelerates strongly in September

• US Oct. Nonfarm payrolls: October Jobs Report: Strong Rebound as U.S Economy Adds 531,000 Jobs

※ Jobless rate fell to 4.6% as labor market bounces back from summer lull

※ WSJ: Hot-and-Cold Jobs Market Still Far From Full

• US Weekly Rig count: U.S. drillers add oil and gas rigs for second week in a row -Baker Hughes

• Eurozone Sep. Retail sales: Euro zone retail sales record surprise fall on weak Germany

• Germany Sep. Industrial production: Persistent shortages are stunting German economic growth.

• UK Oct. House prices: U.K. House Prices Hit Record £270,000 After 8.1% Surge in a Year

• China Oct. Balance of trade: China Posts Record Trade Surplus in October as Exports Surge

※ Exports jumped 27.1%, beating economists’ expectations

※ Bloomberg: China’s Coal Imports Double After Power Shortage Boosted Demand

• Japan Sep. Household spending: Japan Sept. household spending drops 1.9%, down for 2nd month in row

• Indonesia Q3 GDP: Indonesia GDP Growth Slows as Delta Outbreak Disrupts Recovery

• 한국 9월 경상수지: 9월 경상수지 100.7억달러, 17개월 연속흑자…운송수지 역대최대

• 한국 주간 주택시장 동향(KB): "정말 믿어도 되나"…서울 '집 사자' 심리 1년6개월 만에 최저

[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

[Calendars]

• WSJ: Economy Week Ahead: Inflation, Employment, GDP

• FT: Rewriting history in China

• Bloomberg: China’s Stagflation Risk Builds as Growth Slows: Eco Week Ahead

[News]

• WSJ: House Approves $1 Trillion Infrastructure Bill, Sending to Biden’s Desk

※ The measure, months in the making, would fund roads, bridges, rail and expanded broadband access

※ White House: Fact Sheet: The Bipartisan Infrastructure Deal

• WSJ: Biden Gets $1 Trillion Down Payment on Domestic Agenda, Obstacles Loom for Spending Bill

• WSJ: Infrastructure Bill Gives Biden Administration Greater Say Over Projects

• WSJ: Infrastructure Law Seen Having Small, Positive Impact on Growth

• WSJ: How the $1 Trillion Infrastructure Bill Aims to Affect Americans’ Lives

• WSJ: Pelosi Wins Infrastructure Bet, but Rest of Biden Agenda Still in Play

• WSJ: Electric-Vehicle Charging Stations Win Jolt of Energy in Congress

• WSJ: Pfizer Says Covid-19 Pill Is 89% Effective in Preliminary Assessment

※ Drug company plans to seek FDA authorization of treatment for patients with a mild to moderate form of the illness

• WSJ: States Sue to Stop Biden’s Covid-19 Vaccine Mandate

※ Lawsuits allege requirement is unconstitutional; White House says it has authority to issue rules

• WSJ: The Economic Rebound From Covid-19 Was Easy. Now Comes the Hard Part.

※ As supply-chain disruptions worsen and inflation surges, executives and policy makers must navigate a delicate transition to a more normal economy

• WSJ: Fed’s Powell and Brainard Met With Biden at White House

• WSJ: Derby’s Take: Powell Says Fed Will Resolve Balance Sheet Size Later

• WSJ: Steel Deal With EU Muddled by a Jumble of Quotas and Red Tape

• WSJ: COP26 Negotiators Turn to Plan B as Climate Pledges Fall Short

• WSJ: Greta Thunberg Leads Climate Protest, Criticizing COP26 Talks

• WSJ: COP26 Protesters in Glasgow Push for Action From Leaders

• WSJ: Natural-Gas Exports Lift Prices for U.S. Utilities Ahead of Winter

• WSJ: Covid-19 Certificates Look Likely to Linger in Europe

• WSJ: Rising Covid-19 Breakthrough Cases Hinder Efforts to Control Virus

• WSJ: China Evergrande, Strapped for Cash, Offloads Its Jets

• WSJ: Brazilian Farmers Who Protect the Amazon Rainforest Would Like to Be Paid

• WSJ: Iraq’s Prime Minister Targeted in Assassination Attempt

• WSJ: One of the World’s Hottest Real-Estate Markets Tries to Cool Down

• WSJ: Five Reasons Why the Stock Market Might Be Weaker in 2022

• WSJ: China Plans to Sell Euro Bonds

• WSJ: Government-Bond Swings Burn Wall Street Investors

• WSJ: What Is ‘Carry’ in Investing?

• WSJ: Shipping Regulator Explores Levy to Help Shrink Industry’s Carbon Footprint

• WSJ: Climate Promises by Businesses Face New Scrutiny

• WSJ: Companies Grapple With Post-Pandemic Inventories Dilemma

• WSJ: How Ford Won the Race for Rivian

• WSJ: Wind Manufacturers Blown Off Course

• WSJ: Solar-Powered Electric Vehicles Are Almost Ready to Hit the Road

• WSJ: Is Facebook Bad for You? It Is for About 360 Million Users, Company Surveys Suggest

• NYT: Trapped in a Pandemic Funk: Millions of Americans Can’t Shake a Gloomy Outlook

• NYT: In the Recovering Economy, Workers Have More Leverage

• NYT: Americans Are Flush With Cash and Jobs. They Also Think the Economy Is Awful.

• NYT: Energy Department Aims to Slash Cost of Removing Carbon From the Air

• NYT: Democrats Thought They Bottomed Out in Rural, White America. It Wasn’t the Bottom.

• NYT: John Kerry lauds progress at the climate summit but warns, ‘Job not done.’

• NYT: With Cases Piling Up, an Eviction Crisis Unfolds Step by Step

• NYT: To Steer China’s Future, Xi Is Rewriting Its Past

※ A new official summation of Communist Party history is likely to exalt Xi Jinping as a peer of Mao and Deng, fortifying his claim to a new phase in power.

• NYT: As Turkey Chafes at Erdogan, He Gets Spikier Abroad

• NYT: In Fate of Oil Field, Climate Activists and Energy Executives See Future

• NYT: To Build the Metaverse, Meta First Wants to Build Stores

• WP: Republicans erupt over infrastructure defections

• WP: Biden gets his ‘infrastructure week,’ crossing another goal off Trump’s to-do list

• WP: Real progress at the COP26 or ‘blah, blah, blah’?

• WP: Small businesses boxed out by Walmart, Amazon and other big retailers in growing supply chain battle

• FT: China’s zero-Covid policy under strain as new cases spread

※ Country faces ‘complex and grave challenge’ because virus has not been controlled internationally

• FT: China turns inward: Xi Jinping, COP26 and the pandemic

• FT: Rising Covid infections in Europe spark fears of new wave

• FT: Global shoppers feel the pinch of rising food prices

• FT: European Parliament delegation tells Taiwan it is ‘not alone’

• FT: Brussels’ von der Leyen under fire for jetting across Europe

• FT: EU warns UK on Northern Ireland protocol after inconclusive talks

• FT: Irish minister warns EU could ditch entire Brexit deal

• FT: UK statisticians juggle contradictory data on recovery from pandemic

• FT: UK asks Qatar to become gas ‘supplier of last resort’

• FT: BoE head insists interest rates will rise in the coming months

• FT: UK lenders begin to raise mortgage rates despite BoE decision

• FT: Bank of England to refocus corporate bonds on greener companies

• FT: Gig economy workforce hits 4.5m in England and Wales

• FT: US set to wrap up COP26 with little to show on climate

• FT: Will US consumer price growth reach the highest level since 1990?

• FT: The night shift is back as Americans work overtime to clear backlogs

• FT: Pressure builds for a revamp of US Treasuries market

• FT: Emerging markets miss out on 2021 stock rally in developed economies

• FT: How China’s tech bosses cashed out at the right time

• FT: Chinese intelligence officer convicted of stealing GE secrets

• FT: Musk urged to sell 10% of Tesla stake after holding Twitter poll

• FT: Russian tycoon Mikhail Fridman warns rapid switch from gas is ‘irresponsible’

• FT: Record fundraising by a nuclear fusion start-up

• FT: SoftBank under pressure from investors to prop up share price

• FT: The public should not pay for a carbon levy

• Independent: UK’s Brexit losses more than 178 times bigger than trade deal gains

• Bloomberg: Turbocharged U.S. Shoppers Spurring Inflation as Much as Supply Chain Glitches

• Bloomberg: Rise of the Robots Speeds Up in Pandemic With U.S. Labor Scarce

• Bloomberg: Summers Says He Disagrees With Krugman on Fed’s Inflation Risk

• Bloomberg: Lagarde Faces Widening Split at ECB Over Europe’s Inflation Path

• Bloomberg: U.K. Wages Rising Due to Labor Shortage, Few Applicants

• Bloomberg: Germany Urges Widespread Boosters to Counter Record Covid Cases

• Bloomberg: ECB’s Panetta Says Digital Euro to Be Attractive, Not Redundant

• Bloomberg: Macron Leads in First-Round Polling With 25%, LCI Poll Shows

• Bloomberg: China Issues Guidelines to Fight Pollution, Cut Emissions

• Bloomberg: China’s Absence at COP26 Climate Talks Slow Progress

• Bloomberg: China’s State Grid Says Power Supply Back to Normal: Xinhua

※ State Grid Corp. of China said power supply and demand in its areas of operation have returned to normal and the electricity gap has been significantly reduced, Xinhua reported.

• Bloomberg: China Says Ready to Cut Tariffs on RCEP’s Entry Into Force

• Bloomberg: An Energy Crisis in China, India That Revived Coal is Easing

• Bloomberg: China’s Communist Party Meeting Is Coming. What’s the Agenda?

• Bloomberg: Russian, Iranian Foreign Ministers Call to Restore Nuclear Deal

• Bloomberg: Bolsonaro Plan to Bust Fiscal Rule Costing Brazil in Bond Market

• Bloomberg: Lower Yields May Spur Heavy Borrowing

• Bloomberg: OPEC+ and Saudis Will Stay Cautious on Oil Output, Says Vitol

• Bloomberg: Russia Keeps Grip on Europe’s Gas Market Despite Putin’s Pledge

• Bloomberg: Uniper Doubts Nord Stream 2 Will Be Able to End Gas Crunch

• Bloomberg: U.S. Gasoline Prices: White House to Look at Strategic Reserve

• Bloomberg: TSMC Withholds Customer-Specific Data in Answering U.S. Request

• Bloomberg: An Energy Crisis in China, India That Revived Coal is Easing